Word: oeec
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...Join Western Europe's OEEC and consider carefully whether to join the Common Market...
Delighted as they were by Britain's change of heart, toward Europe, many OEEC nations were far from delighted by British insistence that only industrial goods should move freely within the Free Trade Area. (This would allow Britain to continue giving "imperial preference" to the agricultural products which make up nearly 90% of her imports from the Commonwealth.) A Free Trade Area that excluded agriculture, warned Jens Otto Krag of agricultural Denmark, would be "quite unacceptable." Eccles had been quite candid about why the farmer would still be protected: "Agriculture is never far from the minds of the politicians...
...Probably include, in addition to Britain and the six Common Market countries, Austria, the Scandinavian countries, Greece, Iceland, Portugal and Switzerland -roughly the nations which, since the Marshall Plan days of 1948, have been fellow members of the Organization for European Economic Cooperation (OEEC...
...long held back from the shift it has now made, because it was convinced that NATO is not the best grouping to deal with economic matters. The OEEC (Organization for European Economic Cooperation) includes the same Western European nations, and, in addition, the two important trading nations, Switzerland and Sweden, who as neutrals have no desire to join NATO. Other nations have reservations about grandiose plans to offer aid to underdeveloped countries through NATO. Said one French official: "For these nations, NATO is a soldiers' club. Any government of an underdeveloped country accepting aid from it would have come...
...duties on cotton goods up to 50%, Japanese imports doubled; they poured in so fast that Japan last week clamped on an embargo for fear of U.S. reprisals. At the same time, the Organization for European Economic Cooperation issued a progress report on the situation in France. Charged OEEC: French tariffs are so high that they hamper both international trade and France's own economic recovery...