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Will the E.E.C. promise stand up under E.E.C.



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I Μ O P P O S I T I O N SPOKESMAN ON TRADE HON. TOM MCV E I GH M P :

I M E D I A R E L E A S E · 2ND JUNE I V t i b

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H I L L i HE E . t . C . P R O M I S E S i A N D U P U N D E R t . E . C . U . S . T R A D E F R I C T I O N =

I i HE I M M I N E N T E . e . C . - U . S . TRADE WAR REQUI RES URGENT A C T I O N BY THE

| A U S T R A L I A N GOVERNMENT 10 ENSURE M I N I MU M DAMAGE 1 0 A U S T R A L I A ' S EXPORT | MARKETS» O P P O S I T I O N SPOKESMAN ON T RADE, TOM MCVEI GH S A I D T ODA Y . if

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e K | A U S T R A L I A CANNO T AVOID BECOMING THE INJURED P1GG1E IN THE MIDDLE AS HE u . S . BEGINS IT S EXPORT ENHANCEMENT PROGRAM C1JU NE1985 ) DESIGNED DAMAGE I H t E . E . C . ' S M A R K E i S .

iMR MCVEIGH SAID THE MAIN DANGER ! MOVING I N 10 A U S T R A L I A ' S P A C IF IC I EXPORT C A P A C IT Y .

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10 AUSTRALIA L I E S IN THE

MARKETS, AS I T STRUGGLES E . E . C . TO M AIN TAIN

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I H x S MA K E S I T I M P E R A T i V E I HAT I HE P R I M E M I N I S T E R G A I N AN I M M E D I A T E

| A S S U R A N C E i H A T T RADE G U A R A N T E E S HE O B T A I N E D I N B R U S S E L S F ROM T H E

— . t · C . E A R L I E R I Η 1 S Ye. Ah" , KcMA I N I N FORCE I N L l t i H I Or THESE

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l I h 1 HE P RI ME M I N I S T E R F A I L S To G A I N THE NECESSARY - A S S U R A N C E S , THE

\ I M P A C i ON AUS ί R A L i A ‘ S T R A D I T I O N A L EXPORT MARKETS W I L L BE D R A M A T I C .

; i HE EFFECT OF F A L L I N G EXPORT E A R N I N G S W I l L BE TO E X A C E R B A T E THE

i A L R E A D Y C R i 1 I CAL F O R E I G N DEBT PROBL EM. ■

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S. AGRiC'iURAL SECRETARY, JOHN BLOCK, HAS BEEN OPENLY ADM IT TIN G THE B I L L I O N DOLLAR FARM EXPORT SUBSIDY PROGRAM I S DESIGNED TO ERODE 1 HE E . C . ' S POSITION IN WORLD EXPORT MARKETS.

. Hr. E.C , AMERICANS HAVE GIVEN CLEAR WARNING THAT THEY ARE OUT TO GET

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MR MCVEI GH S A I D FRANCE AS A LARGE EXPORTER OF CEREAL S AND G R A I N S , I S

A C E R T A I N T A R G E T . P R E S I D E N T M i l i E R A N D ' S R E J E C T I O N OF P ROPOSAL S TO

B E G I N a NEW ROUND OF GATT TAL KS EARL Y I N 1 9 8 6 , WHI CH WOULD I N C L U D E

AGRI CUL T URAL . MA I ! E RS , I S H A V I N G S t K 1 0US C U N S t Q U E N C E S .

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ι H IS F R i C i i O N BETWEEN THE TWO SUPER TRADING POWERS MAY LEAD TO A | MONUMENIAL COMMODITY PRICE WAR. ALL EXPORTING COUNTRIES, INCLUDING I H oSt I IN EUROPE, AS WELL AS AUSTRALIA , ARG EN TINA, B R A Z IL AND CANADA I WILL BE 1 IN J URED .

AUSTRALIA IS POTENTIALLY PACING I T S WORST TRADE C R I S I S SINCE WORLD WAR 2. OUR ONLY HOPE i b I HAT THE PRIME MIN IS TER WILL BE ABLE TO GAIN

ASSURANCES P ROM BOTH THE E . E . C . AND THE U . S . THEY MUST GUARANTEE TO M I N I M I S E TRADE DAMAGE TO FRIENDLY NATIONS SUCH AS A U S T R A L I A .

MR MCVEIGH SAID ι HERE WAS L I T T L E POINT IN HOLDING TRADE TALKS ON L l B K A L l S i N G WORLD TRADE WHILST MAJOR TRADING POWERS CONTINUED TO IMPLEM e NI LARGE SCALE INTERNAL AND EXPORT SUBSIDY PROGRAMS,

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CON I ACT £ MR TOM MCVEIGH D8V- ό 1b 886 h t R R y M C G E 0 R G t U 8 *? — 8 1 b D ] 1

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