• Short Summary

    High-level talks between the European Economic Community and Japan on ways to ease their increasingly bitter shipbuilding dispute began in Tokyo on Tuesday (21 December).

  • Description

    High-level talks between the European Economic Community and Japan on ways to ease their increasingly bitter shipbuilding dispute began in Tokyo on Tuesday (21 December).

    SYNOPSIS: Japanese shipbuilding firms say Japan cannot go along with European demands without risking serious unemployment problems. The EEC wants Japan to curb its massive trade surplus with the Common Market countries. The surplus has been estimated at 4.2 billion U.S. dollars for this year, and shipbuilding is the one sector of the Community's industry most threatened by Japanese competition. EEC officials estimate that Japan took 85 per cent of new shipbuilding orders in the first nine months of this year, and 93 per cent in the third quarter.

    The two day meeting is the first direct contact between Japan and the EEC since Japan was issued with the curb warning. The three member EEC delegation -- led by Mr. Josephus Loeff, Deputy Director of the Commissions Industrial Technological Affaires Bureau -- is expected to renew its proposal for a 50-50 share is new shipbuilding orders between Japan and the 14-member nations of the Association of West European Shipbuilders over the next two years. The proposal, first put forward at an OECD meeting in Paris earlier this month, was reject by Japan. Japan claimed it infringed on its right to free competition.

  • Tags

  • Data

    Film ID:
    VLVA72ZLDS1WORTHCL6TS55YX3GC7
    Media URN:
    VLVA72ZLDS1WORTHCL6TS55YX3GC7
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    22/12/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:21:00
    Time in/Out:
    /
    Canister:
    N/A

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