Abstract

The European Free Trade Association (EFTA) announced that the tariffs of five member states on imports of goods qualifying for EFTA treatment would be reduced IO percent on March 1, 1962. This reduction resulted in a total reduction in basic duties of 40 percent since July 1, 1960, for Denmark, Portugal, Sweden, Switzerland, and the United Kingdom. For imports into Austria and Norway a corresponding reduction was to be made not later than September 1, 1962. The reduction was not yet to apply to certain limited classes of goods imported into Denmark. The tariff reductions were to be applied to imports from Finland in the same way as to imports from other member states.

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