Word: tariff
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...week later, Post Reporter Eric Wentworth tested the same technique at a conference called by Agriculture Secretary Orville Freeman. When Freeman said that his discussion of the Kennedy Round of tariff negotiations was for background only, Wentworth rose and replied: "I'm sorry, Mr. Secretary, but it's not the policy of our paper to attend background briefings." Freeman was visibly startled, but he refused to budge. "I'll withdraw," said Wentworth, and did. While other papers carried full reports of the conference, attributing it to a vague source, the Post ran nothing. Said Bradlee philosophically...
...agreements, hammered out in a crescendo of bluff and brinkmanship between the U.S. and the Common Market last week in Geneva, fell a long way short of John Kennedy's hopes when he persuaded Congress in 1962 to empower the President of the U.S. to chop tariffs by 50%. Though levies on many industrial items would fall by the full 50%, the average tariff cut will amount to no more than 25% on the goods that make up the $180 billion in annual trade among non-Communist countries. Washington figures that the reductions, phased over four years starting...
Five times since the end of World War II, the nations of the free world have laboriously negotiated tariff reductions, but the sum of those efforts has amounted to only a nibble at the barriers to expanding world trade and prosperity. Late last weekend, after four years of continuous and suspenseful bargaining, 53 non-Communist countries struggled to the verge of an agreement that should result in the biggest bundle of tariff cuts in history...
Despite some probable disappoint ments when and if the tariff cuts take effect on the scale indicated by the final bargaining, the free world should move a step closer to economic unity...
...streamline the work of Europe, this summer the EEC will merge with the Common Market's two other institutions, Euratom and the Coal and Steel Community. The long and arduous Kennedy Round of tariff negotiations in Geneva show promise of producing a 20-25% worldwide reduction in tariffs, largely hammered out between the U.S. and the Common Market. In its relations with the outside world, the Common Market already has in force association agreements with Greece, Turkey, Nigeria, the Dutch Antilles, plus 18 former French colonies in Africa. It has trade agreements with Iran, Israel and Lebanon, is also...