Market viewpoint
30th May 1975, Page 25
30th May 1975
Page 25
Page 25, 30th May 1975
— Market viewpoint
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IF BRITAIN comes out of the EEC it will face a tariff on trucks of 22 per cent instead of tariff free entry, EEC Commissioner George Thomson has told the Labour Campaign for Europe. He makes this point in a letter quoting the Ryder Report, which says the aim is for British truck sales to go up from one per cent to five per cent of the Community market.
The EEC Treaty provides a watchdog to protect against mutually destructive subsidising of exports, says Mr Thomson, and be cannot imagine anything worse for British Leyland than the outbreak in Europe of a subsidy war in which the vastly greater resources of West Germany and France and the comparable resources of Italy are used to boost exports of VW, Renault or Fiat at Britain's expense.
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George Thomson