Word: tariff
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Dates: during 1960-1969
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...months, one of the world's brightest hopes in the field of international business has quietly been getting nowhere. The Kennedy Round of tariff-cutting talks* in Geneva, which was envisioned as the first bold step toward a free-trading Atlantic Community, has been hung up by delays and disagreements since its opening in May. The negotiations resumed this week in Geneva, where each nation presented a top-secret list of sensitive and important products that it wishes exempted from the tariff bargaining. Last week, as 45 nations prepared to dispatch their lists to the 19th century Geneva villa...
After insisting that Europe must reach a common agreement to cut farm tariffs before it would negotiate about industrial tariffs, the U.S. recently relented and urged that tariff talks proceed, for the time being, without a common agricultural policy. Last week France agreed to give the Germans, whose high grain prices have proved a stumbling block, more time to come to terms. That seemed very magnanimous of the French-but they had something up their sleeve. When the Common Market Commission met in Brussels and proposed that the Six adopt a compromise list of 210 exempt items involving about...
...sovereign nation, Rhodesia might lose some $5,500,000 a year that Britain contributes toward balancing its budget. As a maverick state outside the Commonwealth, it would have to find new markets for more than half of its yearly exports, and would forfeit highly preferential Commonwealth tariff rates...
Basis of Democracy. Publicly obsessed with the need for industrial development, Peralta told everyone who would listen that free enterprise "is the basis for the democratic development of our national economy." He held out the lure of low taxes, cheap labor and liberal tariff treaties with Central American common market countries. Business responded. Arrow Shirts, Colgate-Palmolive, and General Mills, for example, plan expansion of their facilities. And there are newcomers. International Nickel hopes to set up a $60 million strip mine, Texaco is building a $10 million refinery, and Kern Foods is making Guatemala its distribution center for Central...
...where Carrier, Fedders, General Electric, Admiral and York have created a profitable market by shipping domestic units with a special 50-cycle motor adapted to Southeast Asian current. Prices vary widely: in Hong Kong, window models are sold as low as $155; but in Saigon, where a 250% tariff is added, they cost more than three times as much...