Word: gattes
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...French hope to win a greater share of the lucrative German chicken market for their own poultry farmers. The U.S. has asked the Common Market to start negotiations later this month aimed at setting aside the increase. If the negotiations fail, the U.S. is legally entitled under GATT to retaliate against Common Market imports-a step that would give it little satisfaction and might permanently cancel the opportunity for many American chickens to take a trip to Europe...
...Mediterranean fleet from NATO, keeps most of its metropolitan territory out of the air warning system, and even prohibits foreign nuclear weapons on French soil. Still, sheer geography gives France a veto on NATO planning. Could France be ignored in the tariff discussions of the 40-odd members of GATT, or in OECD, the European economic coordinating group that grew out of the Marshall Plan? Hardly, since the economies of all Western European nations are intertwined with France's. The urgent French need to export food surpluses, and its booming market for other nations' industrial goods...
...workable but more daring alternative for Britain would be to adopt a free-trade policy. By taking advantage of President Kennedy's Trade Expansion Act of 1962, Britain and the U.S. could reduce tariffs up to 50% on all the major items traded between them. Since under the GATT convention, these cuts would also be extended to other nations, the effect would be to open Britain to a freer flow of trade and force the inefficient manufacturers who are endangering Britain's economic health to modernize or perish...
...Europeans, sober reflection was the only possible response to a report issued last week by the 42-nation General Agreement on Tariffs and Trade. In its annual survey of international trade, GATT found that Western Europe-and particularly the six-nation Common Market-was the only major part of the world that substantially expanded its foreign commerce in 1961. Items: > Total world exports rose 4% last year to $131 billion, but the increase was far below 1960's spurt of 11%. Reason: a general slowdown in economic expansion. >Trade among Western European nations-up from $29 billion...
...noted for expressing opinions on every major national issue, rarely do they base those opinions on thorough study. The Seminars on International Trade, presently being conducted in seven Houses offer a welcome exception. All interested in the implications of the Trade Expansion Act can discuss the structure of GATT, the history of U.S. trade, and other relevant topics. Foreign trade experts such as Professors Kindelberger of M.I.T., Humphrey of the Fletcher School of International Law and Diplomacy, and Hoffmann of Harvard will contribute to the seminars as guests...