Organization for European Economic Cooperation: European Payments Union

1956 ◽  
Vol 10 (4) ◽  
pp. 659-659
Keyword(s):  
United Kingdom ◽  
Federal Republic ◽  
Economic Cooperation ◽  
German Federal Republic ◽  
European Economic ◽  
The United Kingdom

Settlements in EPU for the period May through July 1956 showed the German Federal Republic retaining the strongest creditor position. Austria, which showed a small surplus in June, had a larger one in July, while Italy moved from a substantial deficit in June to a surplus in July. France continued to have the largest monthly deficit; second was the United Kingdom, which showed a surplus in May, a deficit in June and a significantly larger deficit in July. Since December 1955, France had covered its deficits fully in gold payments, but in July 1956 it resorted to the 25 percent EPU credit to which it was entitled. Belgium and Luxembourg retained strong creditor positions.

Organization for European Economic Cooperation

1955 ◽  
Vol 9 (2) ◽  
pp. 304-305
Keyword(s):  
United Kingdom ◽  
Federal Republic ◽  
Trade Liberalization ◽  
Economic Cooperation ◽  
German Federal Republic ◽  
Special Position ◽  
European Economic ◽  
The United Kingdom ◽  
The Future

Council: The Council of the Organization for European Economic Cooperation (OEEC) met on May 5 and 6, 1954, and agreed on the basis of a compromise settlement of the extreme creditor and debtor problem in the European Payments Union (EPU). The settlement provided that 1) accumulated debts should be paid over a period of time; 2) debtors should in the future limit to a minimum their resort to EPU resources; 3) the rules of payment should remain unaltered; 4) if the German Federal Republic or other creditors increased their surpluses in EPU, they should extend further credit, but receive some compensation from the EPU dollar reserve; and 5) the special position of Germany should be dealt with. According to press reports, the settlement had averted the danger that the United Kingdom and Germany would withdraw from EPU. The Council, which also decided that EPU should be renewed for another year after June 30, 1954, referred the matter of further details of the settlement to the managing board of EPU. Other actions taken by the Council during its May meeting included the following: 1) recommendations to France that it abolish the compensatory taxes on imports which it had introduced along with certain measures of trade liberalization, and increase trade liberalization to 75 percent by November 1, 1954, instead of to the 65 percent which it had promised; 2) recommendations to the steering board that it submit, as soon as possible, “concrete proposals” for the abolition of artificial measures designed to aid exporters; and 3) the establishment of a ministerial group to examine the problems which would arise if a “number of countries” re-established convertibility.

Organization for European Economic Cooperation: European Payments Union

1955 ◽  
Vol 9 (2) ◽  
pp. 306-306
Keyword(s):  
United Kingdom ◽  
Federal Republic ◽  
Economic Cooperation ◽  
German Federal Republic ◽  
European Economic ◽  
First Time ◽  
Of Greece

Monthly statements issued by EPU during the period March 1954–December 1954 indicated that the German Federal Republic retained its position as chief creditor; United Kingdom monthly surpluses, while considerable, were less consistent than those of Germany. France showed a surplus for the month of July 1954, for the first time since June 1952, and by December 1954, had a cumulative surplus since June 30, 1954, of 6.7 million units of account. Settlements with France under the rule that gold paid by France would be recoverable to the extent that it had a net surplus for the period after June 30, 1954, reduced the amount of gold paid by France for deficits beyond its quota to 351.3 million units of account. Surpluses and deficits of other member countries were settled half in gold and half in credit, with the exception of Greece and Turkey, whose balances were settled in gold. As a result of EPU's December operations, its total of gold and convertible assets declined by 5.6 million units, to 422.9 million units.

Organization For European Economic Cooperation

1950 ◽  
Vol 4 (3) ◽  
pp. 520-528
Keyword(s):  
United Kingdom ◽  
The Netherlands ◽  
Executive Committee ◽  
Foreign Minister ◽  
Economic Cooperation ◽  
Council Of Europe ◽  
New Members ◽  
European Economic ◽  
The United Kingdom ◽  
Consultative Group

Council of OEECOn April 4, 1950, the Council of OEEC held its annual election. Dr. Dirk U. Stikker, Foreign Minister of the Netherlands and political conciliator of OEEC, was elected chairman of the Council, thus combining the functions of those two OEEC offices. Representatives of Austria and Switzerland were elected as vicechairmen of the Council, while new members of the executive committee of OEEC were Belgium, Denmark, France, Germany, Ireland, Italy, and the United Kingdom; the United Kingdom retained the presidency of this committee and France the vice-presidency and Turkey replaced Switzerland as rapporteur géndral. The Council also decided to do away with the consultative group of eleven which had proved to be unwieldy and to eliminate the practice by which the chairman and vice-chairmen had been expected to spend two days of every week in Paris. It was decided that: 1) the full Council should meet at the ministerial level on the first Friday of every second month; 2) whenever circumstances demanded, the executive committee could be convened at the ministerial level, with the participation of the chairman of the Council and possibly at his call; 3) the chairman was empowered to ask the vice-chairmen to meet with him in Paris at any time to review progress or to discuss action. In response to a request from the Council of Europe, the Council of OEEC appointed a subcommittee of three members to meet with a similar subcommittee from the Council of Europe to discuss closer cooperation. Sweden and Italy were named to the OEEC subcommittee with a third member to be announced later.

Organization for European Economic Cooperation

1956 ◽  
Vol 10 (4) ◽  
pp. 658-659
Keyword(s):  
United Kingdom ◽  
Economic Cooperation ◽  
Flexible Exchange Rate ◽  
German Government ◽  
European Economic ◽  
Bilateral Agreements ◽  
Exchange Value ◽  
The United Kingdom ◽  
United Kingdom Government ◽  
Tariff Reductions

Council The Council of the Organization for European Economic Cooperation (OEEC), meeting in Paris on June 29, 1956, decided to maintain the European Payments Union (EPU) for another year beginning on July 1, 1956, without any modifications in its rules. The Council also approved bilateral agreements on repayment and liquidation concluded by some EPU members. The Council met again in Paris from July 17 to 19, under the chairmanship of Mr. Harold Macmillan (United Kingdom); among the major questions discussed were nuclear energy and trade liberalization. Prior to the meeting, press reports indicated that the United Kingdom had refused an invitation from the west German government to discuss a flexible exchange rate for sterling, stating that the United Kingdom government saw no useful purpose to be served in an international discussion of the exchange value of sterling. During the Council session the ministers had before them a report and proposal dealing with 1) the need for the OEEC countries to achieve a degree of free trade abolishing quantitative restrictions to the extent of 90 percent or more; 2) the possibility of consolidating that degree of liberalization; and 3) the desire of the low tariff countries in Europe to see this quantitative liberalization accompanied by tariff reductions.

Relief and Rehabilitation Organizations: Committee of European Economic Cooperation

1948 ◽  
Vol 2 (1) ◽  
pp. 158-160
Keyword(s):  
United States ◽  
United Kingdom ◽  
Soviet Union ◽  
The United States ◽  
Economic Cooperation ◽  
Harvard University ◽  
Joint Conference ◽  
European Economic ◽  
The United Kingdom ◽  
The Soviet Union

On June 5, 1947, the Secretary of State of the United States, George C. Marshall, stated that the United States could not proceed much further with its plans to assist European recovery unless the countries themselves reached some agreement as to their requirements and to their own contribution to European recovery. Immediately following this speech at Harvard University, representatives of the United Kingdom, France and the Soviet Union met in Paris to discuss the possibility of a joint conference on the problem. After the Soviet representative (Molotov) withdrew, sixteen nations, upon the invitation of France and the United Kingdom, met in Paris from July 12 to September 22, 1947, to draw up a joint program for European reconstruction. Participating countries were: United Kingdom, Austria, Belgium, Denmark, France, Greece, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Sweden, Switzerland and Turkey.

Convention for European Economic Cooperation, Signed at Paris, April 16, 1948

1948 ◽  
Vol 2 (2) ◽  
pp. 420-426 ◽  
Keyword(s):  
United States ◽  
United Kingdom ◽  
The Netherlands ◽  
Economic Cooperation ◽  
European Economic ◽  
The United Kingdom

The Governments of Austria, Belgium, Denmark, France, Greece, Ireland, Iceland, Italy, Luxembourg, Norway, the Netherlands, Portugal, the United Kingdom, Sweden, Switzerland and Turkey and the Commanders in Chief of the French, United Kingdom and United States Zones of Occupation of Germany

Organization for European Economic Cooperation

1949 ◽  
Vol 3 (3) ◽  
pp. 566-568
Keyword(s):  
United Kingdom ◽  
The Netherlands ◽  
Economic Cooperation ◽  
Balance Of Payments ◽  
European Economic ◽  
Bilateral Agreements ◽  
The United Kingdom ◽  
Payments System ◽  
European Trade

The Council of the Organization for European Economic Cooperation, composed of cabinet members of the governments of the United Kingdom, France, Italy, Greece, Norway, Portugal, Belgium and the Netherlands, held a series of secret meetings during May and June in an attempt to solve the problem of intra-European trade and the intra-European payments system which was scheduled to end June 30, 1949. The principal objections to the existing payments system were that it was originally formed in a series of bilateral agreements between each of the countries, that the original agreements were based on estimates of the expected balance of payments which had in some cases been erroneous, and that existing quotas had stifled trade.

Council of Europe

1954 ◽  
Vol 8 (2) ◽  
pp. 274-280
Keyword(s):  
United Kingdom ◽  
Federal Republic ◽  
German Federal Republic ◽  
Council Of Europe ◽  
Social Democrat ◽  
Christian Democratic Union ◽  
The United Kingdom ◽  
Time Table ◽  
The Future ◽  
Future Position

The third part of the fifth ordinary session of the Consultative Assembly of the Council of Europe was held in Strasbourg from September 15 through 26, 1953.The future position of the Saar: After considerable debate, the Consultative Assembly adopted a resolution submitted by Mr. van der Goes van Naters (Netherlands, Labor) on the future position of the Saar. In submitting a report on this question from the Committee on General Affairs, the rapporteur (van Naters) stressed the importance of finding a solution to the Saar question since the dispute between France and the German Federal Republic threatened to impede if not prevent progress toward European integration and cooperation. He emphasized that the problem was of concern to the whole of Europe and should be solved as a European problem rather than as a matter of concern only to Germans and French. During the debate, support of the van Naters' proposal came from representatives of the Saar, from Mr. Eugen Gerstenmaier (German Federal Republic, Christian Democratic Union), and Mr. Julian Amery (United Kingdom, Conservative). Mr. Amery, while unable to commit his government, announced his belief that the United Kingdom would not shirk its duties in this matter although unable to agree in advance to a particular time-table of action or to be bound to a particular procedure. Mr. Karl Mommer (German Federal Republic, Social-Democrat Party, SPD) felt that the question of the Saar was part of the larger problem of the reunification of Germany; the Saar, he argued, had not ceased to be a part of Germany.

Agreement Between the Allied High Commission in Germany and the West German Federal Republic, Signed at Bonn, November 24, 1949.

1950 ◽  
Vol 4 (1) ◽  
pp. 184-187
Keyword(s):  
United States ◽  
United Kingdom ◽  
Federal Republic ◽  
German Federal Republic ◽  
The West ◽  
The United Kingdom ◽  
The Subject ◽  
Foreign Ministers ◽  
Final Settlement

Following upon the meeting of the three foreign ministers in Paris on November 9 and 10 the United Kingdom, French and United States High Commissioners were authorized to discuss with the Federal Chancellor the letters which he had addressed to them on the subject of dismantling a view to a final settlement of this problem. The instructions to the High Commissioners also covered a wider field and required them to examine with the Chancellor other points to be included in a general settlement. Discussions took place accordingly on November 15, 17 and 22 on the Petersberg.

scholarly journals Brexit as a Factor behind the Evolution of ASEAN’s Trade in Services with the United Kingdom

2020 ◽  
pp. 310-326
Author(s):  
E.A. Galchenko ◽  
Keyword(s):  
United Kingdom ◽  
Foreign Trade ◽  
European Integration ◽  
Trade Liberalization ◽  
Global Economy ◽  
Trade Agreement ◽  
Economic Cooperation ◽  
Southeast Asian ◽  
Trade In Services ◽  
The United Kingdom

The article examines the current transformation of ASEAN−UK foreign economic cooperation pattern in the context of digitalization of the global economy. Brexit as a manifestation of the European integration crisis has catalyzed diversification of Britain’s foreign trade in services. Southeast Asian nations are becoming the UK’s priority partner in this area. In these circumstances, parties have to choose the model of their future trade agreement and the degree of trade liberalization.

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