Word: tariffers
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...India's. To take advantage of this market and to pool resources for overall development, the five nations agreed in 1951 to a progressive freeing of trade. Last year they standardized import duties on 5% of their imports, thereby built a Central America-wide protective tariff wall around these items. Early this year El Salvador, Guatemala and Honduras, each under heavy pressure at home to speed development, met to form a Central American "inner three." They agreed to shoot for a customs union in five years...
...leadership of the Commonwealth ruled out British membership in the Common Market. If Britain joined the Common Market, the argument ran, it would have to abandon the "imperial preference" system, which allows Commonwealth nations to export many agricultural products to Britain duty-free, gives them a substantial tariff advantage even on the manufactured goods they ship to Britain. As a counter, Britain organized the European Free Trade Area-the so-called Outer Seven...
...Dubious Bludgeon. As the British first conceived it, the Outer Seven could be used as a bludgeon to force the Common Market nations to abandon their tariff discrimination against the rest of Europe. But last week, as the Outer Seven deposited the articles of ratification in Stockholm and became a formal reality. Swedish Commerce Minister Gunnar Lange glumly conceded that prospects of bringing about a wider association between the Outer Seven and the Inner Six "do not seem very bright...
...over two years, British hostility to the Common Market has troubled relations between the NATO nations. That hostility has sometimes been less than candid. The British argued that by erecting a unified tariff wall against outside nations, the Common Market Six would throw a spanner into intra-European trade. What they really meant was that Britain's exports to the Six would be hurt. Even when they formalized the economic division of Western Europe by organizing the rival but looser seven-nation European Free Trade Association, Britain's leaders insisted that all they were trying...
...tobacco industry, which ships 25% of all its exports to the six Common Market nations, faces a 30% tariff this summer. The common tariff, when fully applied, will be three times higher than the group's present average. Although cigarette consumption is rising throughout the world, U.S. makers have been hit by tariff increases or outright bans on imports by 65 nations during the past three years. Venezuela, traditionally one of the U.S.'s biggest cigarette customers, has banned cigarette imports...