• Short Summary

    Consultations between the European Economic Community and Japan began in Brussels on Thursday (11 December) at the level of senior officials.

  • Description

    Consultations between the European Economic Community and Japan began in Brussels on Thursday (11 December) at the level of senior officials. The emphasis was on the growing Common Market deficit in its trade with the Japanese.

    From a relatively modest deficit of 300,000 U.S. dollars (150,000 sterling) in 1970, the EEC finds itself heading this year for a shortfall well above two billion dollars (one billion sterling).

    The EEC delegation was led by Mr. M. Wellesntein and the Japanese by Mr. Yoshino, Foreign Affairs Vice-Minister.

    The Commission is suggesting that the answer to the deficit lies in boosting European exports rather than in restricting Japanese imports.

    A number of specific trading questions also figured prominently in the talks, the foremost concerning steel. Japanese producer started in November to apply Ministry of International Trade and Industry advise to limit monthly shipments to around 120,000 to 130,000 tonnes.

    SYNOPSIS: At EEC building in Brussels on Thursday, consultations began between the European Economic Community and Japan. The emphasis was on the growing Common Market deficit in its trade with the Japanese.

    The EEC delegation was led by Mr. Wellenstein.

    The Japanese leader was Foreign Affairs Vice-Minister Mr. Yoshino.

    The Commission has suggested that the answer to the deficit lies in boosting European exports...not restricting Japanese imports. In 1970, the deficit was a modest three hundred thousand dollars. It is now heading over the two billion mark. A number of specific trading questions also figured prominently in the talks. The foremost was steel. Other topics discussed were textiles and the approach of the two sides to the world trade talks and the Paris energy and raw materials conference.

  • Tags

  • Data

    Film ID:
    VLVAES7FQIAFZ61LUMNRU5IKO4JXL
    Media URN:
    VLVAES7FQIAFZ61LUMNRU5IKO4JXL
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    12/12/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:05:00
    Time in/Out:
    /
    Canister:
    N/A

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