Word: zealand
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Only two major issues remain unresolved: a guarantee for sales of New Zealand's dairy products to the Common Market, and the amount of Britain's initial contribution to the $4 billion EEC budget. No one expects either issue to block British progress. In 1963 and again in 1967, British hopes of joining Europe foundered on Charles de Gaulle's imperious no. This time the French mood is different, as was obvious during last month's summit meeting between President Georges Pompidou and Prime Minister Edward Heath. "They are bantering and joking with us," reports...
...place else to turn. As Britain has already learned, the Commonwealth is too far-flung and economically disparate to be a workable trading community. The dreams of a North Atlantic Free Trade Area, which would have initially embraced Britain, Canada and the U.S., and eventually Australia and New Zealand, have died for lack of interest among the potential partners. EFTA, the nine-nation trading bloc that Britain organized as a counterpart to the Common Market, has for all its economic success, failed to develop sufficient cohesion to compete with the more prosperous EEC. Despite misgivings, a majority of Britons...
...luncheons and one dinner). They ranged over the entire spectrum of Common Market issues. Meeting mostly in the gold-and-tapestried Salon Doré, occasionally strolling in the Elysée's tree shaded back garden, they dealt with two unresolved questions: preferential treatment for New Zealand, to which Britain has highly emotional ties; and the role of sterling. On both issues, Heath was heartened by Pompidou's reasonableness. The two men concurred that some accommodation was manageable on granting access to New Zealand butter and cheese; they instructed their negotiators in Brussels to work out details. Regarding...
...that the Common Market would inherit the responsibility for sterling which, as a reserve currency, is subject to the stresses of the sort that have recently beset the dollar. As a result, the French want London to discourage foreign countries from holding sterling balances. The other issue is New Zealand, whose entire economy depends on exports of lamb, butter and other agricultural products to Britain. Last month New Zealand's Premier Sir Keith Holyoake presented his country's case to Pompidou, who acknowledged New Zealand's ties of "emotion, sympathy, culture and blood" to Europe. But Pompidou...
...pullout east of Suez that was pledged by Labor's Harold Wilson in 1968. But the harsh imperatives of economics have forced Heath to adopt Wilson's policy-with one important change. A loosely knit, five-power "consultative defense arrangement" with Malaysia, Singapore, Australia and New Zealand is scheduled to come into effect...