• Short Summary

    MINISTERS OF THE 20-NATION ORGANISATION FOR ECONOMIC COOPERATION AND DEVELOPMENT (O.E.C.D.) MET IN PARIS TODAY?

  • Description

    1.
    GV CONFERENCE VENUE.
    0.03

    2.
    SV PAN... MR FLEMING (CANADA) ENTERS.
    0.10

    3.
    LV INT... DELEGATES SEATED.
    0.12

    4.
    SV FLEMING AND O.E.C.D. DIRECTION-GENERAL MR CHRISTENSEN SEATED.
    0.15

    5.
    SV MR BALL (US) SITS WITH DELEGATION.
    0.18

    6.
    SV GERMAN DELEGATION.
    0.22

    7.
    SV BRITISH DELEGATION.
    0.25

    8.
    CU MR MAUDLING (UK).
    0.27

    9.
    SV FRENCH DELEGATION.
    0.29

    10.
    SV ITALIAN DELEGATION.
    0.31

    11.
    TV DELEGATES SEATED.
    0.35

    12.
    GV EXT... CONFERENCE VENUE.
    0.38



    Initials PGR/S/MR/LW



    Script is copyright Reuters Limited. All rights reserved

    Background: MINISTERS OF THE 20-NATION ORGANISATION FOR ECONOMIC COOPERATION AND DEVELOPMENT (O.E.C.D.) MET IN PARIS TODAY (TUESDAY) TO REPORT ON THE WEST'S ECONOMIC EXPANSION.

    THE MINISTERS, WHOSE ANNUAL MEETING IS THE KEY FORUM FOR COORDINATING THE ECONOMIES OF THE UNITED STATES, CANADA AND 18 EUROPEAN NATIONS, FIXED A GROWTH TARGET A YEAR AGO OF 50 PER CENT BY 1970.

    AT THIS MEETING, THEY WILL REVIEW HOW EFFORTS TO ACHIEVE THIS GOAL ARE AFFECTING THE COUNTRIES CONCERNED. THEY WILL ALSO DISCUSS GENERAL ECONOMIC TRENDS ON BOTH SIDES OF THE ATLANTIC WITH THE AIM OF HARMONIZING POLICIES AND PROMOTING ECONOMIC EQUILIBRIUM.

    MR. DONALD FLEMING, A FORMER CANADIAN FINANCE MINISTER, WILL PRESIDE OVER THE TWO-DAY MEETING, AT WHICH COORDINATION OF AID TO DEVELOPING COUNTRIES AND AGRICULTURAL MARKET PROBLEMS WILL ALSO BE DISCUSSED.

    TODAY'S MEETING WAS TEMPERED WITH UNCERTAINTY OVER UNITED STATES PROSPERITY AND RISING PRICES IN EUROPE. A REPORT PUBLISHED TONIGHT SAID THE O.E.C.D. TARGET OF 50 PERCENT EXPANSION BY 1970 WAS "WELL WITHIN THE PHYSICAL CAPABILITIES OF MEMBER COUNTRIES."
    BUT IT URGED "NO COMPLACENCY", AND SAID THE TARGET WOULD NOT BE ACHIEVED UNLESS U.S. EXPANSION WAS SPEEDED UP. MR. GEORGE BALL, U.S. UNDER SECRETARY OF STATE, PROPOSED A MOTION - ON WHICH THERE WAS NO VOTE TODAY - SAYING THAT AID TO DEVELOPING COUNTRIES COULD NOT CONTINUE IN THE FORM OF SIMPLE GRANTS BUT MUST PROGRESSIVELY BE LINKED WITH TRADE.

  • Tags

  • Data

    Film ID:
    VLVAAU97F3U1CFYDAS029FOBYCCS6
    Media URN:
    VLVAAU97F3U1CFYDAS029FOBYCCS6
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    27/11/1962
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:39:00
    Time in/Out:
    /
    Canister:
    N/A

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