Australian and Japanese businessmen sit down next week in the Japanese city of Kyoto -- former capital -- for a series of talks on which much of Australia's future economic growth could depend.
SIGN '72 AUSTRALIAN BETTER LIVING FAIR': VISITORS LOOK AT TINNED CAT FOOD: TOY KOALA BEARS ON SHELVES: POSTERS URGING 'VISIT AUSTRALIA': FUR COATS, HAIRDRYERS, GARDEN FURNITURE: GTV THE EXHIBITION: SHELVES IN SUPERMARKET WITH AUSTRALIAN CHEESE, MILK PRODUCTS, WINES & SPIRITS, BISCUITS, ETC. ETC.
ATTN ASSIGNMENTS: FOR INCUT WITH SYDNEY FILM
SCRIPTS NOTE: This broad outline script and partially incomplete. Reuters Tokyo plans comprehensive scene-set story in next day or so....pls use that in preference to this where possible
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Background: Australian and Japanese businessmen sit down next week in the Japanese city of Kyoto -- former capital -- for a series of talks on which much of Australia's future economic growth could depend.
At the meeting of the Australia-Japan Business Cooperation Committee, being held over three days from April 5th in a Kyoto hotel, leading industrialists from both countries will do much on a private level to determine the extent of future trade between the two pacific nations.
The Australian contingent will be headed by Sir Edward Warren, Chairman of the New South Wales Coal Mines Proprietors Association. Sir Edward is also chairman of the Cooperation Committee.
Heading the Japanese industrialists will be Shigeo Nagano, the Board Chairman of Nippon Steel and President of the Japan Chamber of Commerce.
Australia's export sales to Japan have steadily increased over the past of years to the point that Japan is well and truly Australia's best customer -- taking 30 per cent of the Australian national output.
In the last full financial year (1970/71), trade with Japan was worth 1,187.6-million dollars (Australian) to Australia.
A large percentage of this was in sales of iron ore. In this field, the Japanese steel industry recently requested cut-backs in deliveries and said they wanted to re-negotiate long-term contracts because of Japan's current economic recession.
Observers in Tokyo believe that iron ore contracts could become the main issue at stake at the Kyoto meeting.
However, minerals are only one -- though very important -- facet of Australia's growing trade with Japan.
This small exhibition by Australian manufacturers in Tokyo this week (last week!) emphasised a growing market here for Australian consumer products. Among the fastest selling items, according to trade officials, are hair dryers, heaters and barbecues.
Fifty per cent of Australian sales are still in primary products like wheat, meat and cheese. the shelves of tokyo supermarkets are well-stocked with Australian products, including wine.
However, sales increases for Australia in these fields are limited by Japanese import quctas.
On the other foot, Australia is Japan's third best market for her exports (after the United States and Europe). Japan last year 1970/71) sold products worth 573-million dollars (Aust.) to "down under" consumers.