U.K.-N.Z. TRADE

Press, Volume CV, Issue 30978, 7 February 1966, Page 14

U.K.-N.Z. TRADE

Jay Gives Hopes Britain had undertaken until 1967 to admit without restriction of quantity or payment of duty New Zealand butter, cheese, other dairy products and meat, said the President of the Board of Trade (Mr Douglas Jay) to the New Zealand Society dinner at the Savoy Hotel, London, last week.

Mr Jay continued: “This must be one of the most notable examples of extensive free trade between two major countries at any time in modern history. Naturally, New Zealand’s Government wants these remarkable access rights to be extended beyond 1967. 1 hope we shall be able in the future to continue the benefits of very liberal access on both sides. For, while we seek to gain the greatest possible prizes by multilateral cuts in trade barriers where this can be done, we would also be wise to foster and develop existing specially valuable trade relationships such as those prevailing between Britain and New Zealand. "The extremely close ties of understanding between the two countries should make this easier than between any other two anywhere in the world. “I am confident that if pursued in this spirit the effort to expand our mutual trade and prosperity will succeed in the future as in the past.”— (British information Services)