Word: tariff
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Dates: during 1950-1959
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...nation Common Market, the economic bloc of 160 million customers which France. Germany, Italy and Benelux will launch on New Year's Day. From the start, the British refused to join the Common Market on the ground that they could not abandon their present intricate system of Commonwealth tariff preferences. At the same time, British industry dreaded the prospect of finding its products excluded from the Common Market. As a halfway house, Harold Macmillan two years ago plumped for a 17-nation European Free Trade Area to supplement the Common Market. The F.T.A. would permit free exchange of industrial...
...weeks ago France, after a year of fruitless negotiation, declared that "it is not possible to create the Free Trade Area as desired by the British." Dismayed and outraged, British spokesmen accused France's protection-loving industrialists of trying to turn the Common Market into an exclusive high-tariff club. Such a step, warned the British, would split Europe into two hostile economic camps. British fears are shared by many, including West Germany's free-enterprising Economics Minister Ludwig Erhard...
...difference between a successful program in Asia and Africa or another failure. The President's version of a sound economy precludes the proper scope in expenditures for technical assistance projects, "bankable" loans and loans whose eventual repayment is doubtful. Yet it is on these outlays, as well as in tariff reductions and private capital, that success in Asia and Africa depends...
...REALLY SINCERE GUY (McKay; $4), by Robert Van Riper, public-relations director of N. W. Ayer & Son's Philadelphia office, poses a puzzler: Can a publicity man who believes in low tariffs find happiness with a client who wants him to tout high tariffs? Van Riper's idealogue finds happiness for a while with a yummy girl reporter from a newsmagazine, finally goes back to his wife and the dream of all P.R. men: a nice little agency of his own, with clients who tariff low, pay high...
...Market. In Paris last week the French tactic was to propose what the British presumably could not accept-that the 17-nation area become the same sort of tightly preferential trade club with common tariff walls as the French expect the six-nation community to be. That, of course, would require the British to throw over their whole imperial preferences system of trade. Behind this French position was heavy pressure from French industrialists and farmers to stick with the six-nation community now that the West Germans and other members have conceded them practically all the special protections and privileges...