Common Market Tariff Cuts
6th January 1961, Page 38
6th January 1961
Page 38
Page 38, 6th January 1961
— Common Market Tariff Cuts
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CHANGES in tariff duties imposed on goods imported into the Common Market came into effect on Sunday. There were two changes. The first was a reduction of 10 per cent. on duties between the six member-countries; it was the first time such reductions have been brought into effect.
The second change involved adjusting the tariffs against non-member countries such as the United Kingdom. The overall effect was to increase appreciably the difference between duties charged by member-countries on goods betweeen themselves and the duties charged on goods from outside the Common Market.
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European Economic Community