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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 16, 1974, Lethbridge, Alberta Saturday, November 16, 1974 iHE LbiHBRIuGE Kr-Y.U1 GATT wrangle settlement takes unique turn VICTOR MACKIE It-raid Ottawa Bureau TAWA Canada and the aean Economic Comrnu- fter a long wrangle as to much this country should trade compensation be- of Bitain's entering the mon market have red the multi-million dispute to a GATT pan- s a unique development irld trading circles, dispute between Canada he EEC has been sim- ig for months. When they were unable to reach agree- ment Canada proposed the es- tablishment of a panel of ex- perts by the General Agree- ment on Tariffs and Trade (GATT) to examine the claims on both sides. The panel will bring down a decision as to which side is in the right. However the finding of the panel will not necessari- ly be binding, government of- ficials in external and the in- dustry, trade and commerce departments said Friday. The historic move could nave a big impact on Canada's relations with the EEC. It also sets a precedent in the world trading community which is being watched closely by all countries involved. Canada along with a number of other nations affected by Britain's joining the EEC" has been negotiating for many months to obtain fair com- pensation for the trading advantages it lost by the United Kingdom's action. There has been agreement on the dollar size of the debt owed to this country. It is es- timated to be in the neighborhood of But there has been no agreement on how that debt is-to be discharged. Under the GATT. Article 24 paragraph six, it is provided that in the eventuality of a na- tion suffering sere trading losses through such a develop- ment, the adversely affected country shall be properly compensated. Canada and Britain have been close trading partners for many years. There were British Commonwealth tariff preferences which worked to the advantages of both countries. There were agreements binding the tariffs at tv.-lain prcferentis' rales. Sonic itii'sc bi.'uti' tariffs" writ by the boan when Britain joined (he EEC Canada has watched as tariffs have climbed above fixed levels, one official explained, and consequently this country is entitled to eompensation un- der the GATT. This led to a series of negotiations between Canada and the ECC and negotiations ast supermarkets to back off om credit cards (CP) Super- ?ts in Ontario have back- "f from introduction of cards in stores, John ient, minister of con- jr and commercial ons, says. minister said some -market officials had letters, telegrams and d telephone calls to him ring his statement Fri- in the legislature in- ing the province would i tough stand against the ce. owing a meeting with 3. Mr. Clement said: ie supermarket industry s province has advised ley will not be continuing their experimental ams in terms of selling food by the use of credit cards." He said some stores began the "experimental program" to test public reaction. Last week the minister said he objected to credit cards in supermarkets because of pos- sible increased food costs to all consumers, checkout delays and discrimination against those unable to obtain credit. He threatened to recom- mend legislation banning the practice if supermarkets did not voluntarily withdraw. That action will not be needed, he said Thursday. "If the practice is not continuing there is no need to curb it." YOUR MONEY EARNS UP TO ON GUARANTEED INVESTMENT CERTIFICATES Trust Member of Canada Deposit insurance Corporation i Representative FRANKLIN MARTIN 12143rdAve, S., Phone 327-0936 or Evenings 327-8855 S Mechanical flagman Maurice Lachapello repairs a mechanical flagman used to warn motorists of construction in the Ottawa-Hull area after he chained it to a road sign. The machine, which runs off a large battery, is popular among construction people. They like it because it can be easily seen and it saves on manpower. DOWNTOWN LETHBRIDGE MERCHANTS' Present OUR 1974 GRANDE PRIZE: A TiSP F0i to beauti'u! Over IN PRIZES 6 Merchandise Arties Weekly (Valued at S25 liM LI 1 INCLUDES: Deluxe Accomrrctiaiicr PLUS Spending M 3 be given away FREE fill oui an enlry form ai ir Downtown Merchants? jnd Prize Draw will be made on TV. ENTRY FORMS AVAILABLE ONLY AT THESE PARTICIPATING MERCHANTS! Angto Starve and Ptoto waatMn waar Claealc CoHfurai Mae'a 1V4b Otvwft Awe AfnM MMH C Meranfo between the KEC and other countries affected, including the United States and Japan for example. i-'iiiully ai'ti-r drawn out oilier nations and KKf.' have reached agreement. I3ut as of last July Canada had still to accept the agreement. The EEC .said then it had had enough of negotiating. As far as it was concerned it was now ready to propose forms of settlement. But Canada said "hold Canada still was not satisfied. The Americans and the KEC have since entered into an agreer.ent. Canada said that was not good enough lor this country. This proposal v.-as not tailored to meet Canada's situation. It provid- ed compensations for the U.S. and Japan and other affected nations. The catch was that there were reductions in a number of products for those nations which did not benefit Canada because this country was not an exporter of those products. One authority, within the government, explained: "We are seeking lower tariffs where we are vitally affected by the UK's joining the EEC. That involves the field of cereals for example." The Americans were not en- tirely satisfied with the form of the agreement. In the interests of speeding up a settlement they agreed to dis- agree. They may avail themselves of a provision in the GATT under which they have six months to retaliate wi'.h higher tariffs "I their own. It that happens the KKC car retaliate in turn by irnposini high tariffs of its own. Canada was not interested in such a potential trade war of ever higher barriers. The major trading groups such as 'he Common Market and the U.S. may be able to re- taliate through the imposition of higher tariffs. But in Canada's case the advantages would be all on the side of tht big trading bloc, the EEC Canada wanted no part of sucl a settlement. Canada said "Let's turn to the GATT for arbitration." The EEC have agreed bu' the understanding is the finding of the GATT panel oi experts is not to be binding. It will look at the claims made by both sides and say which side, in the panel's opinion, was in the right. The request for the GATT panel has now been made. While the findings of the panel would not be binding world opinion would in effect add weight in favour of the fin- dings. Canada is vitally concerned i about the outcome because it involves hundreds of millions' of dollars in trade. Decision to make the move was taken before Prime Minister Trudeau went to Europe last month. Quebec contractors abdicate control MONTREAL (CP) Con- tractors operating in Quebec have "abdicated1" their control on job sites and. in general, raised their prices by at least 10 per cent to cover extra costs that might arise through labor unrest, a government inquiry was told here. Alban Noel, secretary treas- urer of Universal Pipe Line Enterprises Ltd., told the royal commission on construction union freedoms the situation has existed in Quebec for the last five years. Noel also admitted his com- pany has been forced to hire superintendents nominated by labor unions, particularly by Local 144 of the United Associ- ation of Journeymen and Ap- prentices of the Plumbing and Pipe Fitting Industry of the United States and Canada Harris 10? TRUCK: H i; SHOP TOOLS MISCELLANEOUS: Esco whppi wapo" HOUSEHOLD ARTICLES: G E. o'd MACHINERY: W riout-'p Approx. 1400 bales of OaU Straw A few bales Of Barley Straw MISCELLANOUS: Club Cifjtt Don JimMr ShOJI HIWlplw ffOfM fiiinw ttn woKery jf j J S t i'x' 1'? "w? PC f PIECES OF 1 DON WALPER AUCTIONEERING CREEK Ph. 627-3760 k SUCtlONEERS DON WALPER Lie. 010259 ROY FJORDBOTTEN LJc. 010237 -Jt, Unions thp financial and controlled by ord'nary everyday people with their own best interests et heart Simply by opening a share account, you become a member with (..-'ivileaes c-rjua! to t i i o s H of i i other So you re more ,'i You SH'Vce you rrytjh: need i'k'j current i no r t u a cj e s i v e s t m e n t cnsQuos. safety -noney (I'lif.TS SO LJ PERSONAL SERVICE ail kf-y nohcy ;vn have 3 s.iy .M t-c way things are ruii. p o ss i') i y a d v a n c e s M g i) e s o r. s for i rn provemenis and, ma- jority aijproval see adopted ilift facts froTTi any Credit Union Or anci iti'.- X' CREDIT UNION i i FEDERATION ;