• Short Summary

    THE 21-NATION ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD) TODAY (WEDNESDAY) BEGAN A TWO-DAY MEETING OF ITS MINISTERIAL COUNCIL.

  • Description

    THE 21-NATION ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD) TODAY (WEDNESDAY) BEGAN A TWO-DAY MEETING OF ITS MINISTERIAL COUNCIL. ALTHOUGH THERE'S BEEN A LENGTHY AGENDA DRAWN UP, MUCH OF THE DISCUSSION DURING TODAY'S SESSION CENTRED AROUND BRITAIN'S ECONOMIC DIFFICULTIES.

    AMONG THE NATIONS ATTENDING ARE 11 WHICH SUBSCRIBED A 3,000, MILLION DOLLAR STANDBY CREDIT LAST WEEK FOR STERLING AND THE INDUSTRIAL COUNTRIES MOST AFFECTED BY BRITAIN'S 15 PER CENT SURCHARGE ON IMPORTS.

    ALMOST AT THE OPENING OF THE SESSION, MR. CALLAGHAN ADDRESSED THE COUNCIL, EXPLAINING BRITAIN'S ECONOMIC POSITION. ALTHOUGH NO OFFICIAL STATEMENT WAS ISSUED, IT WAS UNDERSTOOD THAT SEVERE CRITICISM OF BRITAIN'S RECENT ECONOMIC MEASURES WAS GIVEN.

    TOUGHEST CRITICISM CAME FROM M. MAURICE BRASSEUR, BELGIUM'S MINISTER FOR EXTERNAL TRADE, WHO DECLARED THAT THE RECENT IMPORT SURCHARGE WOULD NOT HELP BRITISH EXPORTS. HE TOLD THE MEETING THAT RADICAL REFORMS WERE NECESSARY TO "CORRECT THE FUNDAMENTAL DISEQUILIBRIUM" OF THE BRITISH ECONOMY AND THE MEASURES TAKEN SO FAR WERE, IN GENERAL, INADEQUATE FOR THIS TASK.

    (THE MINISTERIAL MEETING OF THE OECD ACTS AS THE CO-ORDINATING BODY FOR THE ECONOMIC AND DEVELOPMENT AID POLICIES OF THE WESTERN WORLD AND JAPAN.)

  • Tags

  • Data

    Film ID:
    VLVAC4AZA9JHEYK3YQAGV87YZXWH0
    Media URN:
    VLVAC4AZA9JHEYK3YQAGV87YZXWH0
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    02/12/1964
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:11:00
    Time in/Out:
    /
    Canister:
    N/A

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