The Search for Peace

In January of 1957, the U.S. Department of State Press released a statement in favor of the initiative to create a European common market. The economic community included Belgium, France, the German Federal Republic, Italy, Luxembourg, and the Netherlands, and desired unfettered trade between member nations. To bolster the union further, members planned to instate a tariff on trade from all non-member nations.1 Those not directly included in the common market were not excluded entirely; the United Kingdom entered an agreement with the six nations which waived many trade barriers between the UK and the “free trade arena,” while upholding member nation’s common tariff on British goods.… Read the rest here

On the European Common Market and the Free Trade Area

3 Observations

1) Belgium, France, Italy, Luxembourg, The Netherlands, and West Germany are the six nations which were negotiating to establish a common market with no internal trade barriers and a common external tariff. The United Kingdom was interested in joining the elimination of trade barriers with these six founding members but having its own external tariff. Other Western European nations showed interest similar to the UK.

2) The United States’ policies were: to support moves to further political and economic strength and cohesion in Western Europe, and devotion to progress toward freer nondiscriminatory multilateral trade and convertibility of currencies.… Read the rest here