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Relations between the European Community and Japan. Lecture by Mr. Leslie Fielding, Director General for External Relations, Commission of the European Communities, to the Centre of European Governmental Studies, University of Edinburgh. Edinburgh, 30 November 1984

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  • Economics
  • Political Science

Abstract

untitled LECTURE BY MR LESLIE FIELDING DIRECTOR GENERAL FOR EXTERNAL RELATIONS COMMISSION OF THE EUROPEAN COMMUNITIES TO THE CENTRE OF EUROPEAN GOVERNMENTAL STUDIES UNIVERSITY OF EDINBURGH Friday 30 November 1984 RELATIONS BETWEEN THE EUROPEAN COMMUNITY AND JAPAN The relations between the European Community and Japan are of ever increasing importance not only to each partner but also to the rest of the world. These relations have in the past been rudimentary and flawed by trade friction. Today, while trade problems remain, the relationship has become more substantial and more broadly based~ and seems likely in future to undergo f~rther enlargement and intensification. While the auguries seem good, however, and there is reason for optimism, this is no time for complacency. Much yet remains to be done if a closer and more collaborative future is to be assured and renewed friction and difficulty avoided. There is little question these days that the fortunes of the economies of the Western world are liable to be very much swayed by the interactions of its three strongest economic powers, the United States, the European Community and Japan. These three, through their commitment to democratic principles, their political stability and their economic strength also exercise a significant political influence in the world. Both Japan and the Community have devoted effort and invested political capital into strengthening their side of this triangle. But the bilateral relationship is also a problematical one. Partly because it is still very much in evolution (as compared to the now mature, well-established relationship between the Community and the US). Partly, however, because it is marked by a number of rather fundamental snags. These show themselves most visibly in the Community's considerable structural trade deficit with Japan. But this is in reality onty the outward and visible sign of a deeper problem, not about biLateral trade deficits as such, bu

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