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A European Structural Crisis Cartel as Solution to a Sectoral Depression?

A European Structural Crisis Cartel as Solution to a Sectoral Depression? AbstractDue to the decline of the Western European textile industry in the 1960s and international economic turbulences in the 1970s, the chemical fibre industry in Western Europe ran into trouble. The ten largest manufacturers of polyester fibres therefore applied for a structural crisis cartel in 1972. Even though the European Commission rejected the request, the question of a cartel agreement remained a topic of discussion at the European level for more than ten years. In June 1978, eleven European manufacturers of chemical fibres signed a cartel agreement in Brussels, but it was not compatible with the Treaty of the European Economic Community. It was not until 1980 that the companies submitted a new contract to the European Commission which was in accordance with antitrust law and renewed in 1982. The article analyses the course of negotiations as well as the driving forces and different aims of political and industrial players on the national and the European level. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook de Gruyter

A European Structural Crisis Cartel as Solution to a Sectoral Depression?

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Publisher
de Gruyter
Copyright
© 2017 Walter de Gruyter GmbH, Berlin/Boston
ISSN
2196-6842
eISSN
2196-6842
DOI
10.1515/jbwg-2017-0008
Publisher site
See Article on Publisher Site

Abstract

AbstractDue to the decline of the Western European textile industry in the 1960s and international economic turbulences in the 1970s, the chemical fibre industry in Western Europe ran into trouble. The ten largest manufacturers of polyester fibres therefore applied for a structural crisis cartel in 1972. Even though the European Commission rejected the request, the question of a cartel agreement remained a topic of discussion at the European level for more than ten years. In June 1978, eleven European manufacturers of chemical fibres signed a cartel agreement in Brussels, but it was not compatible with the Treaty of the European Economic Community. It was not until 1980 that the companies submitted a new contract to the European Commission which was in accordance with antitrust law and renewed in 1982. The article analyses the course of negotiations as well as the driving forces and different aims of political and industrial players on the national and the European level.

Journal

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook – de Gruyter

Published: May 24, 2017

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