Organization for Economic Cooperation and Development: Hearings Before the United States Senate Committee on Foreign Relations, Eighty-Seventh Congress, First Session, on Feb. 14, 15, Mar. 1, 6, 1961U.S. Government Printing Office, 1961 - 316 pages Considers ratification of the Convention on the Organization for Economic Cooperation and Development to provide for increased economic cooperation among European nations and the U.S. |
Common terms and phrases
agree American approval authority balance of payments BALL binding capital movements ceramic CHAIRMAN CHAYES committee commodities Congress congressional constitutional procedures constitutional processes Cooperation and Development decision Department Development Assistance Committee discussion domestic Economic Cooperation effect European Economic Community executive agreement February 15 Federal Reserve free world GATT Glass going Government hearings HIGHT imports industry interest interpretation J. W. FULBRIGHT Japan language liberalization Marshall plan matter McCULLOCH means member countries membership ment million monetary NATO negotiations OECD OEEC Organization for Economic paragraph percent President problems question quotas ratification recommendation record representative restrictions RUST Secretary DILLON Senator AIKEN Senator GORE Senator HICKENLOOPER Senator LAUSCHE Senator LONG Senator MORSE Senator SPARKMAN Senator WILLIAMS statement STRACKBEIN Tariffs and Trade thing tile tion Trade Agreements Act trade policies treaty U.S. representative U.S. Senate United Kingdom United Nations vote Washington
Popular passages
Page 192 - ... pursue their efforts to reduce or abolish obstacles to the exchange of goods and services and current payments and maintain and extend the liberalisation of capital movements...
Page 202 - ... contribute to the economic development of both Member and non-member countries in the process of economic development by appropriate means and, in particular, by the flow of capital to those countries, having regard to the importance to their economies of receiving technical assistance and of securing expanding export markets.
Page 118 - Each Member shall have one vote. If a Member abstains from voting on a decision or recommendation, such abstention shall not invalidate the decision or recommendation, which shall be applicable to the other Members but not to the abstaining Member. 3. No decision shall be binding on any Member until it has complied with the requirements of its own constitutional procedures.
Page 200 - In order to achieve its aims, the Organisation may : a) take decisions which, except as otherwise provided, shall be binding on all the Members ; b) make recommendations to Members ; and c) enter into agreements with Members, non-member States and international organisations.
Page 102 - Fourth, they will endeavor, with due respect for their existing obligations, to further the enjoyment by all States, great or small, victor or vanquished, of access, on equal terms, to the trade and to the raw materials of the world which are needed for their economic prosperity...
Page 171 - ... pursue policies designed to achieve economic growth and internal and external financial stability and to avoid developments which might endanger their economies or those of other countries...
Page 255 - America and the trovernment of the French Republic apprehend that the stipulations concerning the left bank of the Rhine cannot assure immediately to France, on the one hand, and to the United States, on the other, as signatory powers to the Treaty of Versailles, appropriate security and protection...
Page 102 - They will endeavor, with due respect for their existing obligations, to further the enjoyment by all States, great and small, victor or vanquished, of access, on equal terms, to the trade and to the raw materials of the world which are needed for their economic prosperity ; "Fifth.
Page 11 - The OECD, in which the industrialized countries of Western Europe, the United States, and Canada will be joined, is of vital importance for assisting, on a cooperative basis, the developing countries of the free world. It will also provide a solid framework within which we can carry out intensive and frequent international consultations on the financial and monetary policies which must be pursued in order to achieve and maintain better balance in the international payments position.
Page 228 - And provided further, that the Senate advises and consents to the ratification of the said convention on condition that the attitude of the United States in this particular, as set forth in the above proviso, be made the subject of an exchange of notes between the- governments of the two high contracting parties, so as to make it plain that this condition is understood and accepted by the two governments...