Economic and Marketing Information for Indiana Farmers (Apr. 30, 1962) |
Previous | 1 of 6 | Next |
|
|
Loading content ...
Economic and Marketing Information FOR INDIANA FARMERS Prepared by the Agricultural Staff of Purdue University, Lafayette, Indiana April 30, 1962 Agriculture and the Common Market by J. Carroll Bottum, Agricultural Economics Development of the European Economic Community (the Common Market) through the ratification of the Treaty of Rome in December, 1957, by six countries is one of the most significant world events of this generation. The six countries in the Common Market are Belgium, Netherlands, Luxembourg, France, West Germany, and Italy. These countries in 1960 had an estimated population of 172 million people living in an area of 451,026 square miles. This is compared to a total U. S. population of 181 million and an area of 3,082,809 square miles. The Gross National Product (GNP) of the EEC countries during this period was $179.1 billion compared to $505.2 billion for the United States. Three steps were taken following World War II which had much to do in bringing about the Common Market. The first was the Marshall Plan passed by Congress in 1948. Under this plan over a period of 9 years, $19 billion was provided to promote the economic development and reconstruction of 18 countries in Western Europe. The second was the formation of the Organization for European Cooperation to allocate financial aid made available by the United States. The third was the European Coal and Steel Community formed in 1952 to establish a unified market for coal and steel in Belgium, France, Italy, Luxembourg, Netherlands, and West Germany. Since 1953, tariff and quota restrictions on these products among the six countries have been abolished. Objectives of Common Market Objectives of the Common Market countries approach, economically, a United States of Europe. Some of the basic objectives are as follows: Elimination of Customs Duties Between Countries of the EEC: At the end of 12 years, protective duties among EEC countries would be eliminated. Establishment of a Common Customs Tariff: With certain exceptions, there will be a single common tariff for each commodity for all EEC countries. In most cases it will equal the average of their tariffs at the beginning of EEC. Elimination of all Quantitative Import and Export Restrictions Within the EEC Area. A Common Agricultural Policy: This policy will have the following objectives: (1) increase agricultural produc tivity, (2) assure equitable standard of living to the agricultural population, (3) stabilize markets, (4) guarantee supplies, and (5) assure reasonable consumer prices. Free Movement of Persons, Services, and Capital: There will be free movement of workers throughout the Community and all discrimination based on nationality as regards employment and wages will be eliminated. Any person or firm in one country of the EEC may set up a business or service in any other country of the EEC. No Restriction on Capital Movements Between Countries: A common policy will be adopted concerning capital movements from countries outside the EEC. A Common Policy Toward Rail, Highway, and Water Transportation: This will include (1) common regulations for interstate traffic, and (2) conditions under which a carrier from one country will be permitted to operate in another member country. The treaty establishing the Common Market also recognizes the rise of certain overseas countries and territories, most of them in Africa, with which Common Market countries have special links. The Treaty provides for expansion. The United Kingdom, Ireland, and Denmark have appled for full membership. An agreement between Greece and the Common Market is in process of ratification. Turkey, Austria, Sweden, Switzerland, and Spain (continued on page 4)
Object Description
Title | Economic and Marketing Information for Indiana Farmers (Apr. 30, 1962) |
Purdue Identification Number | UA14-13-econ196204 |
Date of Original | 1962 |
Publisher | Purdue University. Agricultural Extension Service |
Subjects (LCSH) |
Farm produce--Indiana--Marketing Agriculture--Economic aspects--Indiana |
Genre | Periodical |
Collection Title | Extension Economic & Marketing Information (Purdue University. Agricultural Extension) |
Rights | Copyright Purdue University. All rights reserved. |
Coverage | United States - Indiana |
Type | text |
Format | JP2 |
Language | eng |
Repository | Purdue University Libraries |
Date Digitized | 04/01/2015 |
Digitization Specifications | Original scanned at 400 ppi on a BookEye 3 scanner using Opus software. Display images generated in Contentdm as JP2000s; file format for archival copy is uncompressed TIF format. |
URI | UA14-13-econ196204.tif |
Description
Title | Economic and Marketing Information for Indiana Farmers (Apr. 30, 1962) |
Purdue Identification Number | UA14-13-econ196204 |
Transcript | Economic and Marketing Information FOR INDIANA FARMERS Prepared by the Agricultural Staff of Purdue University, Lafayette, Indiana April 30, 1962 Agriculture and the Common Market by J. Carroll Bottum, Agricultural Economics Development of the European Economic Community (the Common Market) through the ratification of the Treaty of Rome in December, 1957, by six countries is one of the most significant world events of this generation. The six countries in the Common Market are Belgium, Netherlands, Luxembourg, France, West Germany, and Italy. These countries in 1960 had an estimated population of 172 million people living in an area of 451,026 square miles. This is compared to a total U. S. population of 181 million and an area of 3,082,809 square miles. The Gross National Product (GNP) of the EEC countries during this period was $179.1 billion compared to $505.2 billion for the United States. Three steps were taken following World War II which had much to do in bringing about the Common Market. The first was the Marshall Plan passed by Congress in 1948. Under this plan over a period of 9 years, $19 billion was provided to promote the economic development and reconstruction of 18 countries in Western Europe. The second was the formation of the Organization for European Cooperation to allocate financial aid made available by the United States. The third was the European Coal and Steel Community formed in 1952 to establish a unified market for coal and steel in Belgium, France, Italy, Luxembourg, Netherlands, and West Germany. Since 1953, tariff and quota restrictions on these products among the six countries have been abolished. Objectives of Common Market Objectives of the Common Market countries approach, economically, a United States of Europe. Some of the basic objectives are as follows: Elimination of Customs Duties Between Countries of the EEC: At the end of 12 years, protective duties among EEC countries would be eliminated. Establishment of a Common Customs Tariff: With certain exceptions, there will be a single common tariff for each commodity for all EEC countries. In most cases it will equal the average of their tariffs at the beginning of EEC. Elimination of all Quantitative Import and Export Restrictions Within the EEC Area. A Common Agricultural Policy: This policy will have the following objectives: (1) increase agricultural produc tivity, (2) assure equitable standard of living to the agricultural population, (3) stabilize markets, (4) guarantee supplies, and (5) assure reasonable consumer prices. Free Movement of Persons, Services, and Capital: There will be free movement of workers throughout the Community and all discrimination based on nationality as regards employment and wages will be eliminated. Any person or firm in one country of the EEC may set up a business or service in any other country of the EEC. No Restriction on Capital Movements Between Countries: A common policy will be adopted concerning capital movements from countries outside the EEC. A Common Policy Toward Rail, Highway, and Water Transportation: This will include (1) common regulations for interstate traffic, and (2) conditions under which a carrier from one country will be permitted to operate in another member country. The treaty establishing the Common Market also recognizes the rise of certain overseas countries and territories, most of them in Africa, with which Common Market countries have special links. The Treaty provides for expansion. The United Kingdom, Ireland, and Denmark have appled for full membership. An agreement between Greece and the Common Market is in process of ratification. Turkey, Austria, Sweden, Switzerland, and Spain (continued on page 4) |
Tags
Add tags for Economic and Marketing Information for Indiana Farmers (Apr. 30, 1962)
Comments
Post a Comment for Economic and Marketing Information for Indiana Farmers (Apr. 30, 1962)