Word: trades
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Dates: during 1950-1959
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Later this month, Professor Kurt Tank, former Luftwaffe designer, sets off with a staff of 20 assistants under a contract to build up India's aircraft industry. Economics Minister Ludwig Erhard will visit Britain Feb. 20-25 to discuss possible concerted counteraction against the Communist trade offensive...
...Strongly urged Congress to authorize U.S. membership in the Organization for Trade Cooperation (see below...
...Geneva this week, representatives of 26 of the 35 nations adhering to GATT (General Agreement on Tariffs and Trade) were in the midst of their fourth attempt since the end of World War II to arrange, mutual tariff reductions. Despite lip service to freer trade, most of the GATT nations cling to their barriers. Undiscouraged, President Eisenhower last week forwarded to congressional leaders a memorandum declaring that it was "absolutely essential" that the U.S. join the Organization for Trade Cooperation. (The OTC, if it ever becomes a reality, will act as a permanent administrative body to enforce agreements...
...Absolutely essential" is the strongest language the Administration has yet used in relation to any part of its world trade program. If the President means it, he may end the series of futile maneuvers during which the U.S. program has been thwarted again and again by a combination of internal opposition and foreign doubletalk...
...trade deficit was cut from $163 million in 1954 to $118.7 million in 1955; at the end of 1955 there was a $66.7 million surplus on international payments, compared to a $41.1 million deficit...