ABSTRACT
In 1964, the US trade surplus with the European Economic Community (EEC) started declining as a result of major increases in EEC exports. Exports continued to increase, but imports increased even faster. However in mid-1966 the economic EEC regional system still lacked this political unity, while it increased trade discrimination with the implementation of the Common Agricultural Policy (CAP). Couve de Murville emphasized that the Common External Tariff (CET) was lower than the tariff levels of the other countries and that the EEC offers were as generous as those of the Americans and the British. The final weeks of negotiations in Geneva were characterized by informal bargaining between the Commissions officials under of the direction of Rey and the representatives of the General Agreement on Tariffs and Trade (GATT) partners. In Brussels Rey submitted his fresh proposals to the Council of Ministers in order to get the final instructions to bring to an end the long Kennedy Round.
