Word: tariffs
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When the Six first got together in 1957, Britain refused to join for various reasons: doubt that the Common Market would succeed, respect for her Commonwealth ties, and historic insularity. But as the Six's tariff walls have precipitously tumbled within and the Common Mar ket's economy boomed, Britain has felt increasingly envious-and isolated. Britain's hastily assembled European Free Trade Association of the Outer Seven proved pale competition for the spurting Six; E.F.T.A. partners Denmark and Sweden are restive and dissatisfied. In Parliament, press and pub, Britons were debating the far-reaching issues that...
...offset the effect of the voluntary quotas accepted by Japan four years ago, were vocally indignant at a Washington demand that they cut their shipments to the U.S. by 30%. But most Asian producers would almost surely accept voluntary quotas rather than risk provoking the U.S. to formal tariff discrimination against them. As for the textile-importing nations, all the participants in last week's Washington conference tentatively endorsed the U.S. plan, presumably will help install it as a binding trade agreement at a conference to be held in Geneva next month under the auspices of the 38-member...
...things were going on the Continent last week. France, anxious to find markets for its burgeoning farm surpluses, abruptly demanded a common agricultural price and marketing system that would rule throughout the Common Market. To back their demand, the French threatened to veto any further industrial tariff reduction in the Common Market unless an agricultural agreement was reached...
...Kennedy Administration is very much pleased with the economic vigor which even France and Italy have gained from the Common Market structure. The Administration favors progressive tariff reduction and opposes compromises which would tend to dilute the EEC's strength. It even seems to agree with Hallstein's view that Britain must join the EEC unconditionally or not at all. But there is in Washington much misguided uneasiness of the former alternative...
...efforts to establish an integrated European economy, the EEC is removing customs duties on goods circulating among members and establishing a common external tariff for non-member nations. Hallstein remarked that these steps toward greater economic unity are producing unprecedented political co-operation, with the six Common Market nations pushing toward the same goal in the heads-of-government meetings instituted by deGaulle last February...