1 – Belgium, France, the German Federal Republic, Italy, Luxembourg, and the Netherlands are negotiating to establish a common market that would involve the elimination of all barriers to trade between them and the formation of a barrier towards outside countries.
2 – The two traditional policies of the U.S. Government are: the consistent support of actions to further the political and economic strength and unity of Western Europe within an expanding Atlantic community and the long-standing devotion to progress toward multilateral trade and convertibility of currencies.
3 – The association of the United Kingdom in this agreement would further strengthen the unity of the Atlantic Community and the free world.
How would the United Kingdom benefit from entering this agreement?
How does this agreement relate to/how is it similar to GAT?
It was the hope and expectation that the negotiations on the common market and free trade area would be carried forward and concluded in such a manner that there would come a new contribution to the unity and prosperity of Europe and the Atlantic Community and to the welfare of the entire free world.