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1973 trade negotiations and monetary talks. Speech by Mr. Raymond Barre, Vice-President of the Commission of the European Communities, before the French Senate Finance Committee. Paris, 27 April 1972. Includes French text

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  • Economics


', {ir!:1:{F:='Yi- 1g7g Trade Negotiations and Moneta RECOMMENDATIONS FOR EC POLICY RAYMOND BARRE, Vice President, European communiiies Commission The enlarged Community will next year face the opportuniiies and risks presented by mu.ltilateral trade nigotiations and talks on the reform of the international rJn"t"ty system. Both major negotiations will be decisiveieits of Community policy and solidarity' For the past two years the United States has insisted that correction of the American balance-of-payments Jeiicit woutO benefit both the United States and the iest of the world. This view is gaining strength in certain international circles, even within the Community' When he signed the law increasing the price of goid, iresioeit nicnaro M. Nixon reaffirmed his country's iesiie to obtain trade concessions from other countries to make American products more competitive abroad' The Americans expect concessions from Japan, Canada' and ".-p""i"tty from the Community' The Community's trade poii"y, especially tor farm produce, is constantly ititi.ii"O'"t discriminatory' In the US view' the Com- munity's enlargement only extends discriminatory trade oori"i". to moie countriei. The community's industrial free it"a" "gi""tents with non-candidate European Free ilo"Itto"iation (EFTA) countries are seen as a ready- maJe iustification for the United States to ask for similar treatment. US Wants to Link Trade and Monetary Problems The United States, therefore, sees a need for "global" international negotiations, linking monetary with economic and trade problems. To facilitate such negotiations' the United States advocates establishing an ad hoc body including representatives of the world's principal economic and monetary groups and of the developing countries. This body would deal with matters usually handled by the International Monetary Fund (lMF) and the Generil Agre€ment on Tariffs and Trade (GATT)' No one objects to the United States' protecting and seeking to further its interest

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