Oslo Agreements, 1930

Last updated

The Oslo Agreements or Convention of Economic Rapprochement of 22 December 1930 were an economic agreement between the countries which had already agreed upon the Dutch-Scandinavian Economic Pact (Netherlands, Denmark, Norway, and Sweden) earlier that year and the countries of the BLEU, Belgium and Luxembourg. Finland would join the agreement in 1933.

The countries promised not to raise tariffs between them without first notifying and consulting the other signatory powers. As with the Dutch-Scandinavian Economic Pact, the Oslo Agreements were one of the regional responses to the Great Depression.

See also

Sources


Related Research Articles

Customs union Type of trade bloc with a free trade area and common external tariff

A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff.

Molotov–Ribbentrop Pact 1939 neutrality pact between Nazi Germany and the Soviet Union

The Molotov–Ribbentrop Pact was a non-aggression pact between Nazi Germany and the Soviet Union that enabled those two powers to partition Poland between them. The pact was signed in Moscow on 23 August 1939 by German Foreign Minister Joachim von Ribbentrop and Soviet Foreign Minister Vyacheslav Molotov and was officially known as the Treaty of Non-Aggression between Germany and the Union of Soviet Socialist Republics. Unofficially it has also been referred to as the Hitler–Stalin Pact, Nazi–Soviet Pact or Nazi–Soviet Alliance.

Smoot–Hawley Tariff Act 1930 U.S. trade law placing and raising tariffs on tens of thousands of imports

The Tariff Act of 1930, commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was a law that implemented protectionist trade policies in the United States. Sponsored by Senator Reed Smoot and Representative Willis C. Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported goods.

Protectionism Economic policy of restraining trade between states through government regulations

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors; however, they also reduce trade and adversely affect consumers in general, and harm the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries protected against.

Trade agreement

A trade agreement is a wide-ranging taxes, tariff and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other. The most common trade agreements are of the preferential and free trade types, which are concluded in order to reduce tariffs, quotas and other trade restrictions on items traded between the signatories.

Anti-Comintern Pact Anti-Communist pact concluded between Nazi Germany and the Empire of Japan in 1936

The Anti-Comintern Pact, officially the Agreement against the Communist International, was an anti-Communist pact concluded between Nazi Germany and the Empire of Japan on 25 November 1936, and was directed against the Communist International (Comintern). It was signed by German ambassador-at-large Joachim von Ribbentrop and Japanese ambassador to Germany Kintomo Mushanokōji. Italy joined in 1937, but it was legally recognised as an original signatory by the terms of her entry. Spain and Hungary joined in 1939. Other countries joined during World War II.

A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade are reduced or eliminated among the participating states.

Andean Community South American free-trade agreement

The Andean Community is a free trade area with the objective of creating a customs union comprising the South American countries of Bolivia, Colombia, Ecuador, and Peru. The trade bloc was called the Andean Pact until 1996 and came into existence when the Cartagena Agreement was signed in 1969. Its headquarters are in Lima, Peru.

Convention of 1800 Treaty between the U.S. and France

The Convention of 1800, also known as the Treaty of Mortefontaine, was signed on September 30, 1800, by the United States of America and France. The difference in name was due to Congressional sensitivity at entering into treaties, due to disputes over the 1778 treaties of Alliance and Commerce between France and the US.

Trade and Investment Framework Agreement

A Trade and Investment Framework Agreement (TIFA) is a trade pact that establishes a framework for expanding trade and resolving outstanding disputes between countries.

The Franco-Soviet Treaty of Mutual Assistance was a bilateral treaty between France and the Soviet Union with the aim of enveloping Nazi Germany in 1935 to reduce the threat from Central Europe. It was pursued by Maxim Litvinov, the Soviet foreign minister, and Louis Barthou, the French foreign minister, who was assassinated in October 1934, before negotiations had been finished. His successor, Pierre Laval, was sceptical of the desirability and of the value of an alliance with the Soviet Union. However, after the declaration of German rearmament in March 1935, the French government forced the reluctant foreign minister to complete the arrangements with Moscow that Barthou had begun.

The Ouchy Convention was negotiated at Ouchy (Switzerland) in June 1932, but signed at Geneva on 18 July 1932 between the two BLEU countries and the Netherlands. At the convention the three countries agreed to a gradual reduction of economic barriers and the creation of a customs union. The convention was based on the Oslo Agreements of 1930 and aimed in addition at the reduction of trade tariffs.

The Dutch–Scandinavian Economic Pact of 30 September 1930 was an economic agreement between the governments of the Netherlands, Denmark, Norway and Sweden. The agreement was designed to coordinate tariff policies and promote trade. The pact was a reaction on the growing economic crisis of the early thirties of the twentieth century.

Danish state bankruptcy of 1813 Economic crisis after the Napoleonic wars

The Danish state bankruptcy of 1813 was a domestic economic crisis that began in January 1813 and had consequential effects until 1818. As Denmark struggled with the financial burden that the Napoleonic wars had on the economy, the devaluation of the currency had negative effects on merchants, citizens and businesses alike.

Great Depression Worldwide economic depression (1929–1941)

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century. The Great Depression is commonly used as an example of how intensely the global economy can decline.

Molotov–Ribbentrop Pact negotiations Outline of negotiations of Nazi-Soviet non-aggression pact

The Molotov–Ribbentrop Pact was an August 23, 1939, agreement between the Soviet Union and Nazi Germany colloquially named after Soviet foreign minister Vyacheslav Molotov and German foreign minister Joachim von Ribbentrop. The treaty renounced warfare between the two countries. In addition to stipulations of non-aggression, the treaty included a secret protocol dividing several eastern European countries between the parties.

The 1930 Imperial Conference was the sixth Imperial Conference bringing together the prime ministers of the dominions of the British Empire. It was held in London. The conference was notable for producing the Statute of Westminster, which established legislative equality for the self-governing Dominions of the British Empire with Great Britain, thereby marking the effective legislative independence of these countries. Economic relations within the British Empire was also a key topic with proposals for a system of Imperial preference - empire-wide trade barriers against foreign goods. These proposals were further discussed at the British Empire Economic Conference in 1932.

Scandinavian Immigration to the Americas involves the immigration of people from Scandinavia to the American continent and its associated territories. Typically, Scandinavia refers to the countries of Sweden, Norway, Denmark, and sometimes other Nordic countries like Finland and Iceland. Individuals who immigrated to the Americas from Scandinavia brought with them cultural, economic, educational, and other valuable contributions.