Word: tariffs
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...offer. New was a proposal to increase hemispheric understanding by lofting into space a new satellite that would transmit television programs between north and south. Older was his plea for a barriers-down trading area in Latin America modeled on the Eu ropean Common Market. Javits envisaged a tariff-free trading zone stretching from Tierra del Fuego to the Rio Grande and embracing a population of 220 million with an annual gross national product of $78 billion. He hoped that the U.S. and Canada would ultimately join, forming a market that would dwarf the European Economic Community...
...factory from Bordeaux to Belgium. Ford is about to build a new production complex a few miles across the French border in West Germany; from there it can sell into France almost as well as if it were inside the country, thanks to the Common Market's dissolving tariff barriers...
Jigsaw Puzzle. For all its progress, Asia is a long way from such close bonds as those of Europe's Common Market. Poverty compels Asia's economic partners to put resource development, notably of the Mekong, ahead of tariff cutting and trade. In Asia's developing countries, per-capita income averages only $100 a year, agriculture ties up 71% of the labor force, 60% illiteracy among persons over 14 hobbles productivity, and a worsening trade deficit cancels half the bounty of foreign aid. U Nyun expects the area to spawn "a jigsaw puzzle" of groups for differing...
...French presence in Brussels had been arranged six weeks earlier in Luxembourg by a compromise in which France and the other five EEC countries somewhat tenuously agreed to try to smooth over their rift without removing its causes. Still, before the European Economic Community can strip away the remaining tariff barriers to farm and industrial trade among its six members, it must wind its way through a maze of outstanding issues. Foremost among them...
...KENNEDY ROUND: The Geneva tariff negotiations, originally proposed by President Kennedy, and aimed at history's deepest international tariff cuts, have been stalled by the French boycott of EEC. The bargaining cannot resume until the EEC fixes its farm prices, because the U.S. insists that farm as well as industrial products be included. Europe is under pressure to move swiftly, because the law enabling the U.S. to negotiate expires July 1, 1967. Meantime, the Germans insist that they cannot afford to pay the EEC treasury big farm subsidies, which will chiefly enrich French farmers, unless their industries can profit...