By World Bank, Economic Development Institute (Washington, D.C.)
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Direct investment is, on the one hand, seen as an effective counter to the accusation that Japanese imports are "destroying" jobs in Europe. On the other hand, competition from Japanese subsidiaries is seen as a threat to established industry. ) The French, for example, threatened to ban imports of British-made Nissan Bluebird cars in 1988 because less than 80 percent of the value of the car was actually made in Europe. 6 The attention focused on Japanese trade is scarcely proportionate to its relative significance for the Community.
Their analysis of these issues in the context of the situations in their own countries, the conclusions that they reached, and their recommendations are separate and valuable products of the seminar. They are summarized in the Introduction to this collection. AMNON GOLAN DIRECTOR ECONOMIC DEVELOPMENT INSTITUTE Page vii Introduction In 1987, the 12 members of the European Community (EC) approved the Single European Act, thereby committing themselves to the creation of a customs union and single markets for goods and services by January 1993.
The Community retorts, not without justification, that agricultural subsidies are applied on more than one side of the Atlantic. This underlines the problems that arise when all countries try to subsidize the same product. A trade dispute of crisis proportions arose following the 1986 enlargement, when the United States claimed that their agricultural exports to the Community would suffer as a result of the extension of the CAP regime. S. beef containing hormones. The value of trade involved was only US$100 million, an insignificant sum in the context of total Community imports from the United States of US$66,000 million.
Africa and the European community after 1992 by World Bank, Economic Development Institute (Washington, D.C.)