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Common Market #22769

ABC Evening News for Monday, Jan 01, 1973
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(Studio) Br., Ireland and Denmark join Common Mkt. Prime Min. Heath of Br. says move great moment for country. Opposition leader Harold Wilson says event bad.
REPORTER: Harry Reasoner

(London, England) US-English trade may be affected by Br.'s joining Common Mkt. Br. sells Scotch whiskey to United States and buys United States grain with which to make it. Now Europe wants Br. to buy grain from Europe. Br. says European grain not as good and United States grain cheaper. Europe says England must pay Penalty Price to Europe to keep grain competitively Priced. This could cause increase in price of Scotch in US. [Chris. FRERE-SMITH - says Br. had to give up special trade relationship with United States to join market Predicts US retaliation.]
REPORTER: Don Farmer

Farmer, Don;
Reasoner, Harry

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