Meetings of the Consultative Committee, items discussed include: the economic situation in the EFTA countries: country notes, recent international economic developments, assessment of the present economic situation in particular in the EFTA area and Western Europe: Analysis and evaluation of the recent world crisis. Objectives of economic policies: full employment, balanced economic growth, financial and monetary stability and free trade. General and selective policy measures to achieve these objectives, ways and means of applying, in future economic developments, the lessons drawn from recent experience both through national measures and strengthened international cooperation. EFTA countries’ relations with developing countries, Assistance to Portugal: the Paues Plan and the EFTA Industrial Development Fund for Portugal, preferences under the general system of preferences: list of developing countries and territories beneficiaries of customs tariff preferences granted by EFTA countries (all except Portugal and Iceland).
Notes by the Finish, Swedish, Icelandic, Austrian, Portuguese and Norwegian governments on their economies 1976-77; Statement by the European Trade Union Confederation; Background documentation prepared by the Economic Committee for the item "The EFTA countries in the present European and world economic situation" (EFTA/EC 1/77).

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