Effects Of Market Entry In Brief
p. 22 · Read in the full issue
• There is likelihood that Fiji, BSIP, the GEIC and possibly Tonga and Western Samoa will seek to become Associated Overseas Territories or States under the Common Market. Generally speaking their trade would be improved. • An exception might be Fiji’s vital sugar industry, which would have to be given special preference even if Fiji were entitled to associated membership. • Papua-New Guinea would not be entitled to associated membership and her goods would cease to enjoy preferential treat ment in the UK and thus she would lean more heavily on Australia. • Papua-New Guinea’s produce, particularly copra, would have to continue at a high standard to compete. • Australian investment in the South Pacific would probably not be affected. • Australia’s close proximity to the Islands would mean she would continue to do substantial trade there. • A ll attraction for British territories to join the Common Market as associated territories would be the access it would give them to the Common Market developmental funds.