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Joint communique



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FOR PRESS NO.1112

JOINT COMMUNIQUE» ^

The Deputy Prime M i n i s t e r and M i n i s t e r f o r Trade and

I n d u s t r y , Mr. J . McEwen, toda y r e l e a s e d t h e t e x t of a j o i n t

communique r e p o r t i n g on t h e d i s c u s s i o n s between o f f i c i a l s of t h e

P h i l i p p i n e s and A u s t r a l i a n Governments on t h e proposed t r a d e

agreement between t h e two c o u n t r i e s . " '

A P h i l i p p i n e s t r a d e d e l e g a t i o n le d by t h e Honourable

C o rn elio Balmaceda,' S e c r e t a r y of Commerce and I n d u s t r y , met w i t h ’

A u s t r a l i a n Government o f f i c i a l s from November 13-19? 1964, and

d i s c u s s e d t h e p o s s i b i l i t y of concluding a t r a d e agreement between .

A u s t r a l i a and t h e P h i l i p p i n e s .

Both d e l e g a t i o n s s t r e s s e d t h e i r d e s i r e for· an i n c r e a s e

i n two-way t r a d e between t h e i r c o u n t r i e s . G e o g r a p h i c a l l y A u s t r a l i a and

t h e P h i l i p p i n e s a r e c l o s e neig h b o u rs w h ile i n a d d i t i o n t h e r e a r e many

f a c t o r s , such as t h e i r common la nguage and d em o cratic i n s t i t u t i o n s ,

which should b r i n g t h e i r c o u n t r i e s i n t o an even c l o s e r r e l a t i o n s h i p .

These c o n s i d e r a t i o n s have provided a b a s i s f o r a c l o s e f r i e n d s h i p ,

a f r i e n d s h i p t h e d e l e g a t i o n s f e l t would be more f i r m l y bonded by s t r o n g

t r a d e t i e s . ■

Mr. S e c r e t a r y Balmaceda drew a t t e n t i o n to changes i n

i n t e r n a t i o n a l t r a d e between each of t h e c o u n t r i e s and t h e i r t r a d i t i o n a l

p a r t n e r s . Y et, he p o in te d o u t, d e s p i t e t h i s g r a d u a l breakdown i n

t r a d i t i o n a l t i e s , th e development of new m a rke ts and th e a p p a r e n t ,

m utual ad v a n tag e s i n i n c r e a s e d t r a d e between A u s t r a l i a and t h e

P h i l i p p i n e s , th e c o u n t r i e s were ac c o u n tin g f o r only a sm a ll p r o p o r t i o n

of each o t h e r ' s i m p o r ts .

Mr. S e c r e t a r y Balmaceda observed t h a t , i n a d d i t i o n , t h e

im balance of 1 0 . t o 1 i n A u s t r a l i a ' s f a v o u r was of p a r t i c u l a r concern

t o h i s Government. By encouraging more v i s i t s t o A u s t r a l i a by

P h i l i p p i n e s businessm en and t r a d e r s i t was hoped to expand t h e s a l e s

t o A u s t r a l i a of a wide range of t r a d i t i o n a l P h i l i p p i n e s e x p o r t p r o d u c ts

as w e l l aS new p r o d u c ts which would become a v a i l a b l e ' a s t h e P h i l i p p i n e s

economy d eve loped. .

The l e a d e r of t h e A u s t r a l i a n d e l e g a t i o n s t a t e d t h a t t h e

A u s t r a l i a n Government was a l s o c o n s c io u s of t h e problems a r i s i n g

from t h e imbalance of t r a d e between A u s t r a l i a and t h e P h i l i p p i n e s .

A u s t r a l i a , of c o u r se , a l s o had l a r g e t r a d i n g im balances w i t h some

c o u n t r i e s . Although A u s t r a l i a ' s p o l i c y was b a s e d .o n an adherence

t o t h e p r i n c i p l e s of M u l t i l a t e r a l t r a d i n g , d i f f i c u l t i e s w i l l a r i s e , f o r

example, in t h e p r o v i s i o n of n e c e s s a r y s h ip p in g s e r v i c e s u n l e s s t h e r e

i s an adequate volume of t r a d e i n both d i r e c t i o n s . ·

We welcomed t h e i n t e r e s t of t h e P h i l i p p i n e s ' i n c l o s e r t r a d i n g

t i e s w i t h A u s t r a l i a and drew a t t e n t i o n to th e f a c t t h a t A u s t r a l i a

was a l a r g e im p o r t e r and a p a r t from t a r i f f s t h e r e were v i r t u a l l y no

c o n t r o l s a p p l i e d t o im p o rts i n t o A u s t r a l i a . A t r a d e agreement,

he emphasised, would p ro v id e a f a v o u r a b l e c l i m a t e w i t h i n which

i n c r e a s e d t r a d e could t a k e p la c e but th e i n i t i a t i v e w i l l l i e l a r g e l y

i n th e hands of t h e p r i v a t e s e c t o r .

The two d e l e g a t i o n s welcomed the s u c c e s s f u l outcome of

t h e d i s c u s s i o n s which were marked by a high degree of f r a n k n e s s on b o th

s i d e s l e a d i n g t o a b e t t e r u n d e r s t a n d i n g of each c o u n t r y ' s p ro b lem s.

As a r e s u l t of t h e d i s c u s s i o n s , o f f i c i a l s have agreed on t h e te rm s ■

o f a d r a f t t r a d e agreement which w i l l be subm itte d t o t h e A u s t r a l i a n

and P h i l i p p i n e s Governments f o r c o n s i d e r a t i o n and form al a p p r o v a l .

I t i s hoped t h a t t h i s w i l l be- c ompleted i n t h e v e r y - n e a r f u t u r e .

- 2 -

C a n b e r r a A . C . T . 9 5 / 6 4 T .

1 9 t h N o v e m b e r , 1 9 6 4 . . · ■ "