Implications of the 1962 Trade Expansion Act

The 1962 Trade Expansion Act is referred to hereafter as TEA; “An Act,” The Congress of the United States of America, Public Law 87–794, 87th Cong., H.R. 11970 (Washington, D.C., October 11, 1962).

Ibid., p. 1.

Fayerweather John , Facts and Fallacies of International Business (New York: Holt, Rinehart & Winston, 1962), pp. 12–13.

TEA, loc. cit.

“Atlantic Future,” Economist (London, May 4, 1963), p. 421.

TEA, loc. cit.

Ibid., pp. 2–3.

Bush Senator Prescott , “Is It'a Magic Key,” General Electric Forum, Vol. V, No. 2 (1962), p. 12.

TEA, op. cit., pp. 12–28.

Ibid., p. 8.

Ibid.

Ibid., p. 6.

Ibid., p. 5.

Bush , op. cit., p. 12.

U.S. Congress, Joint Economic Committee, Trade Restraints in the Western Community, 87th Cong., 1st sess. (Washington, D.C.: U.S. Government Printing Office, 1961), pp. 13–15.

U.S. Department of Commerce, Bureau of Foreign Commerce, U.S. Exports and Imports of Domestic and Foreign Merchandise, Report N.F.T. 422 (Washington, D.C.: U.S. Government Printing Office, 1961). The figures listed are U.S. exports for 1960.

U.S. Congress, Joint Economic Committee, op. cit., pp. 13–15.

Ball George W. , “Implications for United States of Breakdown in UK-EEC Negotiations,” Department of State Bulletin, XLVIII, No. 1328 (March 18, 1963), pp. 412–415.

Wall Street Journal, February 8, 1963, p. 2; and U.S. Congress, House Committee on Ways and Means, Hearing on the Trade Expansion Act of 1962, H.R. 9900, 87th Cong., 2d sess., 1962, Part V, p. 2857 ff.

“New Foreign Trade Proposals—Their Implications for International Trade Cooperation,” American Society of International Law, April 26–28, 1962, pp. 135–136.

Weiss Leonard , “The New Trade Expansion Act,” Department of State Bulletin, XLVII, No. 1223 (February 26, 1962), p. 241.

Bailey Richard , “Britain in the Common Market,” Management Review, January 1963, pp. 44–45.

“U.S. Tariff Talks with Trade Bloc Close to Failure,” New York Times, Western Edition, May 21, 1963, p. 1.

U.S. Department of Commerce, Bureau of International Programs, World Trade Information Service, Statistical Reports, Part 3, No. 62–68, p. 18.

Bush , op. cit., p. 11.

“Clash Expected at Trade Parley,” New York Times, Western Edition, June 27, 1963, p. 1.

Coppock Joseph D. , The European Economic Community and the United States Trade Policy, U.S. Department of State, Commercial Policy Series, No. 191 (Washington, D.C.: U.S. Government Printing Office, 1962), p. 9.

“Atlantic Future,” op. cit., p. 422.

Tariff reduction to the same levels present another problem, because the EEC computes tariffs on c.i.f. values and the U.S. on f.o.b., giving the former an average 5 per cent advantage.

The across-the-board approach allows trade negotiations in large groups of commodities, which might facilitate and speed up trade expansion.

For an excellent discourse on the problems of trade expansion for California agriculture, see: Hoos Sidney , “The European Common Market, Trade Expansion Act and California Agriculture,” (Berkeley; University of California, Division of Agricultural Sciences, March 2, 1962), pp. 38, 44, et seq.

U.S. Bureau or the Budget, Appendix to the Budget of Fiscal Year 1964, 1962, p. 202.

Hoos , op. cit., pp. 41–43.

Statistical Office of the European Communities, General Statistical Bulletin, 1963, No. 4, p. 19.

Hoos , op. cit., p. 15.

Middleton Drew , “U.S.–British Talks May Aid de Gaulle in Keeping Aloof,” New York Times, Western Edition, Monday, June 10, 1963, p. 1.

Travis W. P. , “The International Trade Theory and the Trade Expansion Act of 1962,” Daedalus, XCI (Summer 1962), 539.

Hallstein Walter , “What Does Failure of the United Kingdom to Enter into the EEC Mean to U.S. Firms?” Wall Street Journal, February 5, 1963, p. 1.