North Atlantic Trade and Payments

Angus Maddison

Chapter 7 in North American and Western European Economic Policies, 1971, pp 163-171 from Palgrave Macmillan

Abstract: Abstract Since the end of the war the North Atlantic countries have made continuous progress in reducing trade barriers both on a world-wide basis and in ways which have promoted sub-regional integration. The early post-war morass of quantitative trade restrictions in Europe was removed by means of the O.E.E.C.’s liberalisation code between 1948 and 1953. Dollar imports into Europe were liberalised in the mid 1950s. The E.E.C. and EFTA arrangements have removed tariffs within the areas they cover, and the external tariffs of these two groups and of North America have been lowered by Dillon and Kennedy Rounds of negotiations in GATT. Automobile trade between the United States and Canada has been put on a free-trade basis by special bilateral arrangement.

Keywords: Monetary Policy; Capital Flow; Commercial Policy; Tariff Reduction; Trade Diversion (search for similar items in EconPapers)
Date: 1971
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DOI: 10.1007/978-1-349-01098-1_12

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