Word: traded
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Dates: during 1960-1969
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...days after some 50 of the world's nations agreed to the biggest slash of tariff barriers in the history of world trade, France's Charles de Gaulle appeared before a crowded press conference to make the statement that, as far as he was concerned, liberalization had gone far enough. It was his intention, De Gaulle announced, to see to it that the European Common Market continued to restrict its own special trade privileges to its six original European members...
...thus both destroy the exclusivity of the Six and almost certainly lead to what De Gaulle called "numerous revisions" in the charter. De Gaulle fears that British entry might, in fact, be the first irretrievable step toward allowing the whole world in on the Common Market's free-trade advantages, thereby expanding the market into a sort of super Kennedy Round in which all trade barriers everywhere would be thrown away...
...pilot the Common Market down the narrow channel of European protectionism rather than onto the broad ocean of economic cooperation. The economic theories that have intrigued and invigorated the Western world ever since the end of World War II have mostly pointed to precisely the condition of universal trade that De Gaulle seems to fear...
Mutual Dependence. Britain wants to hold onto Hong Kong to protect its vast investments and to retain a Far Eastern headquarters for British banking and trade interests. It also does not know how it could gracefully withdraw from Hong Kong under the present circumstances without totally losing face in the Orient. In recent years, Red China has been building up its influence in the Crown Colony, and Britain has been too afraid of offending its overpowering neighbor to do anything about it. As a result, about one-fifth of the colony's Chinese, who make...
...Case of Dye. Major stumbling blocks remained over freer trade in grains and chemicals. But Roth, in a dramatic shift in the U.S. position, withdrew his demand for guaranteed access to Europe's grain markets. Reason: the best offer from the Common Market amounted to less grain than American farmers already sell to the Six. Still, the U.S. insisted that reluctant Europeans join in creating a massive food-aid program for underdeveloped countries, which would increase world demand for U.S. wheat. For its part, the Common Market demanded that the U.S. get rid of its 1922 law that bases...