European Free Trade Association

1960 ◽  
Vol 14 (3) ◽  
pp. 483-484
Keyword(s):  
United States ◽  
Free Trade ◽  
European Economic Community ◽  
The United States ◽  
United States Government ◽  
Trade Association ◽  
European Economic ◽  
European Free Trade Association ◽  
States Government ◽  
Ministerial Council

At a meeting of senior officials of the seven-nation European Free Trade Association (EFTA) held in London, February 12–13, 1960, the organization was reported to have chosen Geneva as the site of its headquarters, after the French government had informed it that it could not accept the proposal that Paris be the site, since France was not a member of EFTA. Although EFTA did not officially come into being until May 3, 1960, with the deposition of the seven instruments of ratification with the Swedish government, the preparatory meeting of its Ministerial Council was held in Vienna on March 11–12, devoting itself principally to an examination of the most important problem facing this new organization—namely, its relations with third countries, especially those of the European Economic Community (EEC). The member states declared their readiness to discuss with the EEC members the possible extension to the Six and to other countries, subject to reciprocity, of the 20-percent tariff reduction effective among themselves on July 1, 1960, and reaffirmed the importance of a continuation of European economic cooperation within the framework of the Organization for European Economic Co-operation (OEEC), of which they would like to see the United States and Canada become full members. Also in March, EFTA members reportedly received the assurance of the United States government that its approval of a recent decision of EEC, concerning the reduction of its external tariff on July 1, 1960, did not reflect any animosity toward the Association.

Organization for European Economic Cooperation

1960 ◽  
Vol 14 (2) ◽  
pp. 359-360 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Economic Cooperation ◽  
West Germany ◽  
Trade Association ◽  
European Economic ◽  
Underdeveloped Countries ◽  
The United Kingdom ◽  
European Free Trade Association ◽  
Set Up

The January 14, 1960, meeting of the Council of the Organization for European Economic Cooperation (OEEC) was preceded by a meeting of representatives of the organization's eighteen members and of the United States and Canada to examine the resolutions adopted by a special economic conference. At this meeting, which ended with approval of a move sponsored by the United States that was designed to reorganize economic cooperation and transform the organization, it was decided, and subsequently approved by the OEEC Council and the United States and Canada, that: 1) four experts, representing respectively North America, the European Free Trade Association (EFTA), the European Economic Community (EEC) and other European nations, would prepare a report on the transformation of OEEC for consideration by senior officials of twenty countries, namely, the OEEC nations and the United States and Canada, at a meeting scheduled for April 19, 1960; 2) a preparatory meeting of representatives of the same twenty nations would be held in a month's time, when decisions would be taken to appoint a permanent chairman, a secretariat, and working parties to look into outstanding trade problems; and 3) a group, consisting of Canada, France, West Germany, Italy, Portugal, Belgium, the United States, the United Kingdom, and a representative of EEC, would be informally set up to coordinate aid policies to underdeveloped countries. The outcome of the discussions was regarded as paving the way for a new Atlantic economic grouping, composed of the members of OEEC plus the United States and Canada, which would give priority to consideration of the problems between the two rival European economic groups, EEC and EFTA. Other matters discussed by the Council were the removal of discriminatory measures against imports from the dollar zone and the increase in assistance to underdeveloped countries.

European Free Trade Association

1960 ◽  
Vol 14 (1) ◽  
pp. 219-220 ◽  
Keyword(s):  
Free Trade ◽  
European Economic Community ◽  
Economic Organization ◽  
Social Benefits ◽  
Trade Association ◽  
European Economic ◽  
The United Kingdom ◽  
European Free Trade Association ◽  
The Press ◽  
Cost Factors

The convention of the newest European economic organization, the European Free Trade Association (EFTA), was initialed in Stockholm, Sweden, on November 20, 1959, by cabinet ministers of Austria, Denmark, Norway, Portugal, Sweden, Switzerland, and the United Kingdom. Under terms of the Stockholm agreement, according to the press, the seven nations were to eliminate trade barriers toward each other on a gradual basis designed to bring full free trade by 1970. Import tariffs in force on January 1, 1960, were due to be reduced 20 percent as of July 1, with subsequent tariff cuts at the rate of 10 percent a year. In addition to gradual mutual freedom of trade, the seven nations agreed to economic integration and harmonization of wages, social benefits, and other production cost factors. However, unlike the six members of the European Economic Community (EEC), the seven planned to retain their national tariff systems toward the exports of non-members.

European Communities

1960 ◽  
Vol 14 (2) ◽  
pp. 350-355
Keyword(s):  
United States ◽  
The United States ◽  
Trade Association ◽  
New Members ◽  
European Economic ◽  
Trade Relations ◽  
European Free Trade Association ◽  
The World ◽  
General Improvement ◽  
The Creation

Meeting from September 22 to 25, 1959, the European Parliamentary Assembly discussed the principles and problems involved in the establishment of a multilateral European trading association. Opening the debate, Mr. M. P. A. Blaisse (Dutch Popular Catholic) stated that experience had shown that the common market could be considered the driving force of European economic integration. Although at present involving only a part of Europe, it could expand and develop in several ways—by the accession of new members, by the creation of a multilateral association, or by the conclusion of bilateral agreements. Whatever the form of its evolution, the obligations undertaken by member states within the framework of the General Agreement on Tariffs and Trade (GATT) could not be ignored; similarly, it was imperative to take into account the interests of the United States and Canada. Thus he suggested that special agreements could be concluded with these two countries, to minimize the effects of trade discrimination, along with continued negotiations with members of the European Free Trade Association (EFTA). He warned against compromise on the final aim, namely, the establishment of a multilateral association. The President of the European Economic Commission, Mr. W. Hallstein, thereupon presented the Commission's recommendations for a trade program on which the six nations could agree. He stated that such a program had to be pragmatic and realistic, and fulfill several conditions: improvement of economic conditions of the nations both inside and outside the European Economic Community (EEC), taking into account Europe's relations with the rest of the world, in particular with the United States; strengthening of the feelings of solidarity between the Community and all those affected by its external commercial policy; and general improvement of trade relations. He urged that care be taken to avoid giving the impression that EEC practiced a policy of discrimination and asked therefore that every effort be made to prove that its aim was the liberalization of trade throughout the world. Specifically, after the next GATT conference, EEC should, in his opinion, forthwith give its agreement to further tariff reductions and, in addition, promote the granting of aid to underdeveloped countries. At the European level, he proposed the creation of a “contact committee, comprised of representatives of the Community and other countries or groups to study the question of the development of external commercial relations. Mr. Hallstein concluded by pointing out that the proposals of his Commission were neither complete nor final. The speakers that followed agreed, on the whole, with the above-mentioned suggestions, but no resolution was adopted and it was decided to re-examine the whole matter at future sessions.

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