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Tuesday, 27 November 1973
Page: 2109

Senator CARRICK (NEW SOUTH WALES) -I ask the Minister for Foreign Affairs the following question: Does the Government support the principle of resources diplomacy- the withholding or supplying of scarce national resources in world trade in order to achieve political ends?

Senator WILLESEE - The resources policy that we have outlined has been a fairly broad one. It was talked over with Japan on the recent visit of the Prime Minister to that country. There is no question of politics in our resources policy. What we said was that our minerals ought to be sold at somewhere near world prices, that wherever possible we ought to have a greater proportion of Australian equity in our minerals industry and, where possible, have a processing of those into secondary and tertiary levels of export. That is a very clear understanding and I do not see any politics in it at all. I think that we are entitled to use our resources for the benefit of Australians.

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