Friday, 1 December 2000

From documentation associated with the Economic Co-operation Act of 1948

Mindful of the advantages which the United States has enjoyed through the existence of a large domestic market with no internal trade barriers, and believing that similar advantages can accrue to the countries of Europe, it is declared to be the policy of the people of the United States to encourage these countries through a joint organisation to exert sustained common efforts as set forth in the report of the Committee of European Economic Cooperation signed at Paris on September 22, 1947, which will speedily achieve that economic co-operation in Europe which is essential for lasting peace and prosperity.

(Quoted in Zeylstra 1977, p. 28).

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