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20 THE OSHAWA TIMES, Tuesday, May 16, 1967 Continents Open Economic Dialogue GENEVA (AP)--The success- ful conclusion Monday night of the long Geneva tariff talks has filled in some details of Presi- dent Kennedy's grand design for a partnership between America and Europe. Walter Hallstein, chief execu- tive of the European Common Market, had predicted: "Only when it is united will Europe be strong enough to assume the rights and obligations of a full and equal partner and so deter- mine its own destiny. The Ken- nedy round is the first example of this policy in practice. With these negotiations the economic dialogue of the continents has been opened." The picture will not emerge exactly as President Kennedy saw it. But after five years of negotiations the Kennedy round has done a good deal of what it set out to do. The United States and the Common Market have emerged as the world's two great trad- ing units. What they decide de- termines the commercial policy of the non-Communist world. The Common Market has spoken successfully for all six member countries: France, West Germany, Italy, Belgium, the Netherlands and Luxem- bourg. AVERAGE TO RISE While the agreed tariff cuts will average 33 to 35 per cent in some 80 nations, many tariffs will be cut 50 per cent over a period of five years. Whether the savings will be passed on to the purchasers is another question. Few items are sold directly to consumers. Most pass through the hands of dealers, wholesale and retail. The tariff cuts of 33 to 35 per cent, are five or six times more than the last tariff-cutting exer- cise--the Dillon round of 1960. This time the savings may be more perceptible. Economists say tariff cuts stimulate business, in facilitat- ing a free flow of trade. Between 1948 and 1966 world trade increased to $180,000,000,- 000 from $53,300,000,000. Five ta- riff cuts in that period may have had something to do with the in- crease. BOON TO TRADERS Foreign expoerters will cer- tainly see new opportunities to sell their goods in North Amer- ica. Likewise North American producers should find new op- portunities in foreign markets, for tariff cutting is a two-way street. For the first time, farm prod- ucts have been included in a major tariff - cutting exercise. Though the results are more modest than expected, one new thing has been accomplished. An international food aid pro- gram has been set up under which the world's richer nations acknowledge a joint responsibil- ity for feeding the poorer na- tions. A dozen governments will be in on the giving. Those which do not have grain surpluses will have to buy on the open market to make their contributions. They will be pay- ing hard cash, to the delight of exporters such as Canada, the United States, Australia and Ar- gentina. The exporters will also rejoice in an increase of the minimum world wheat price. This means more money in the pockets of their farmers. STILL NEED BREAK Poorer countries, how- ever, still feel they are not get- ting the break they were prom- ised. Many economists 'see this as the world's next unsolved problem. Not only are populations of the poorer countries exploding, but the things they want to buy abroad cost more and the things they have to sell bring less. Moreover, the richer countries keep thinking up ways to pre- vent the poorer ones from sell- Romney Attends Expo To Get Warm Welcome MONTREAL (CP)--A United States Republican sounding like a presidential candidate left the stage at Expo 67 today, turning it over to a dedicated Commu- nist. Michigan Governor George Romney, believed a leading con- tender for the Republican nomi- nation in the 1968 presidential ance activities, has been having trade talks in Ottawa. Monday night he was wined and dined by the city of Montreal at a white-tie affair in City Hall. PRAISES CANADA Mr. R y, in his b Achell taking Canada and Canadians for granted and praised Can- election, visited the fair Monday at the head of 1,000 of -his state's citizens. His visit was unofficial but got almost as much attention as heads of state who have been visiting the fair. He was wel- comed by Robert F. Shaw, dep- uty commissioner-general of the fair, made a speech about Can- ada-U.S. relations, and talked at a press conference about "run- ting" while discussing his rec- ord as a state governor. Today, 62-year-old President Antonin Novotny, a Communist since his youth, kicks off Czech- oslovakia's national day at a striped-pants ceremony in Place des Nations. Mr. Novotny, who spent four ada's part in peace-keeping mis- sions around the world. At his press conference, he said he still is "weighing" his decision to seek the 'Republican nomination. But in answer to questions about his Mormon church and its attitude toward Negroes, he used the present tense--'I am running as an American citizen... ." Monday was a bleak, drizzly day with the temperature in the upper 40s. Attendance was swelled by 50,000 school children from points in Ontario and Quebec. Total attendance for the day was 150,073, based on available figures at 12 midnight. This .: speech, criticized Americans for ing their competitive good--like the '"'voluntary" agreement that limits trade in cotton textiles. Spokesmen for the Asians, Af- ricans and Latin Americans say they want trade not aid. If they can only seli what they make, they can raise the tiny incomes of their people and make them less receptive to what they hear from the Communists about how their countries ought to be run and who they ought to co-oper- ate with in world affairs. To do this, they want the bene- fit of deeper tariff cuts than other countries get. This may not be fair, but the richer coun- tries may find it to their own in- terest. The trouble is that the present system of commercial negotia- Monday May 22nd is a Holiday... Enjoy ity ... as you travel around Ontario @ As you visit Expo @ As you open the cottage or camp @ As you boat or fish Shop at EATON'S TODAY for ALL your Holiday Needs! % Of course, the staff of EATON'S will enjoy the holiday as the store will be closed Monday, May 22nd. @ As you garden or play tions, the general Agr on Tariffs and Trade--GATT--oper- ates on the principle of the "most favored nation." That means if any nation gets the benefit of a tariff cut, so must all the others that belong to the club. PARLIAMENT AT-A-GLANCE By THE CANADIAN PRESS MONDAY, May 15, 1967 p Opposition Leader Diefen- baker sought unsuccessfully an emergency Commons de- bate on a speech by Privy Council President Walter Gor-. don criticizing U.S. policy on Vietnam. He accused Mr. Gordon of openly: defying Prime Minis- ter Pearson, encouraging com- munism and harming rela- tions with the U.S. Visiting Czech President No- votny said he and Prime Min- ister Pearson had reached a common conclusion that the Vietnam war should be ended, The government easily over- came non-confidence motions from the Creditistes and Con- servatives in the fourth day of the throne speech debate. TUESDAY, May 16 The Commons: meets at 11 a.m. to continue the throne speech debate. The Senate meets at 3 p.m. a community of quiet elegance located in oshawa's northern residential aree. Simcoe end Taunton If you are looking for a lot to buy .. . visit ceder ridge -- use a builder of your choice for information. phone 723-1194 EATON'S Summer Living Centre is alive with Action-Packed Camping, Boating, Gardening and Ea WHAT A CENTENNIAL GIFT FOR YOUR FAMILY! 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