Economic Division of Western Europe
United States and European Trade Rivalries
Concern over threats of damaging discrimination against American exports, at a time when the country is confronted by a large deficit in its international balance of payments, has projected the United States into the midst of European trade rivalries. At mid-January meetings in Paris of the United States and Canada with the 18 members of the Organization for European Economic Cooperation, Under Secretary of State Douglas Dillon said this country, subject to the approval of Congress, was “prepared to assume full and active membership” in a reorganized O.E.E.C. The purpose of the enlarged organization, Dillon explained on Jan. 16, would be to “facilitate cooperation between the industrialized nations of the free world in meeting the ...