Foreign Trade: Hearings Before the Subcommittee on International Trade of the Committee on Finance, United States Senate, Ninety-second Congress, First Session, on World Trade and Investment Issues, Part 2 |
Common terms and phrases
abroad affiliates agreement agricultural American Article assets balance of payments barriers basis billion Borch border tax adjustments capital central banks Chairman changes Commerce Commission commodities Common Agricultural Policy Common Market companies Congress consumer contracting party controls currency decline Deutsche marks developing nations direct investment domestic prices economic effect employment Europe European European Economic Community exchange rates expenditures export price firms foreign investment foreign trade free trade freight rate GATT Germany growth import quotas increase indirect taxes industries international trade Japan Japanese lower major manufacturing ment multinational corporation negotiations percent price indices problem protectionism rate disparities reduced result Senate subsidies tariff textiles tion trade balance trade deficit Trade Expansion Act trade policy trade surplus U.S. dollar U.S. exports U.S. foreign U.S. market U.S. Senate U.S. trade United variable levy wages wholesale price workers world trade
Popular passages
Page 919 - The products of the territory of any contracting party imported into the territory of any other contracting party shall not be subject, directly or indirectly, to internal taxes or other internal charges of any kind in excess of those applied, directly or indirectly, to like domestic products.
Page 930 - In any case in which it is determined that serious prejudice to the interests of any other contracting party is caused or threatened by any such subsidization, the contracting party granting the subsidy shall, upon request, discuss with the other contracting party or parties concerned, or with the Contracting Parties, the possibility of limiting the subsidization.
Page 913 - International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD).
Page 835 - Act is the correction and, indeed, the ultimate elimination of labor conditions detrimental to the maintenance of the minimum standard of living necessary for the health, efficiency, and general well-being of workers.
Page 919 - No product of the territory or any contracting party imported into the territory of any other contracting party shall be subject to anti-dumping or countervailing duty by reason of the exemption of such product from duties or taxes borne by the like product when destined for consumption in the country of origin or exportation, or by reason of the refund of such duties or taxes.
Page 919 - The exemption of an exported product from duties or taxes borne by the like product when destined for domestic consumption, or the remission of such duties or taxes in amounts not in excess of those which have accrued, shall not be deemed to be a subsidy.
Page 924 - Schedule relates, and subject to the terms, conditions or qualifications set forth in that Schedule, be exempt from ordinary customs duties in excess of those set forth and provided for therein.
Page 916 - XXIV in defining customs unions was that such formations were required to "facilitate trade between the parties" by eliminating regulations of commerce on "substantially all trade between constituent territories of the union." In fact, however, this was violated in 1952 when the six European nations set up the European Coal and Steel Community to pool resources of coal, steel, iron ore, and scrap in a single market without internal frontier barriers. The GATT considered this project as limited to...
Page 919 - Article shall prevent any contracting party from imposing at any time on the importation of any product (a) a charge equivalent to an internal tax imposed consistently with the provisions of paragraph 2 of Article III in respect of the like domestic product or in respect of an article from which the imported product has been manufactured or produced in whole or in part...
Page 933 - XX) are eliminated on substantially all the trade between the constituent territories in products originating in such territories. 9. The preferences referred to in paragraph 2 of Article I shall not be affected by the formation of a customs union or of a free-trade area but may be eliminated or adjusted by means of negotiations with contracting parties affected.