SECRETARY OF STATE FOR TRADE'S SPEECH FOR JAPAN

Japan and the United Kingdom are two great island nations.

Both of us are dependent for our very survival on world trade (10,000 miles separate our countries and perhaps as many thousand years divide our cultures). We are decidely quite different; but in our very

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differences we share a common goal.

Over the past 100 years our two nations who at one time regarded one another with distant interest tinged with curiosity,

have had to come quite close together. Modern communications

and the development of interdependence in the Western World have

made that necessary. Today we compete but we compete as allies. During that century of time Great Britain has gone from being

the world's most powerful nation to being but one of several smaller countries that stand for freedom in a world of slavery.

If you asked what I mean by slavery I think of regimes where the

livelihood and welfare of the people take second place to the creation of a war machine and the aggrandisement of a power elite

of Party members. Such regimes are not rare in 1980, they are

commonplace, but Japan and the United Kingdom of course both believe in the overriding importance of freedom and democracy.

revolution

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3 From being ourselves in England the innovator and stimulator

of industrial change indeed the creaters of the industrial

we have seen your perseverance, singlemindedness

and adaptability take industrial innovation and technology into

new fields. Undoubtedly your industrial base and I speak here

generally is now more up to date and flexible than ours. Possibly, this is not just the by-product of your great companies but of the much greater number of small companies in the Japanese

economy than in ours. But whatever the reason we meet and still compete against you successfully in third markets throughout the

The United Kingdom still has 9 per cent of world trade

world.

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