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advantage African territories agreement agricultural products arrangements association balance of payments Benelux bilateral Britain British market capital cent common agricultural policy common external tariff common tariff Commonwealth Commonwealth countries competition convertibility cost cotton textiles crores currency customs union deficit demand developing countries difficulties discrimination dollar duties duty-free entry E.E.C. countries Economist effect entering the E.E.C. establishment European Common Market European Economic Community expanding favour foreign exchange France free entry free trade area Germany Imperial preference imports increase India India's exports integration interests intra-European investment joining the E.E.C. Kautilya labour London manufactured means member countries ment Minister monetary multilateral negotiations political possible post-war preferential treatment present problem proposals protection quotas reduce restrictions Rome Treaty safeguards scheme Sterling Area countries supra-national surplus third countries tion Treaty of Rome U.K. joins U.K. market U.K. membership U.K.'s entry underdeveloped countries wealth world trade