Trade: Community for Prosperity

In a well-reasoned speech urging formation of a Latin American common market, U.S. Senator Jacob K. Javits last week argued that only by eliminating internal trade barriers and ultimately integrating their economies will Latin America's 19 nations solve their social and economic problems. Addressing U.S. and Latin American businessmen in Mexico City, the New York Republican pointed out that development of an economic community with unified trade policies and a common external tariff would 1) "greatly increase Latin America's leverage with the industrial countries of Western Europe, North America and Japan in the field of trade," and 2) exert...

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