that are not shared with the fully independent members of the Commonwealth Preference Area. They will now have to share their existing preferential rights with all beneficiaries of the UK Generalised Preference Scheme, and therefore understandably look to compensatory preferential access to the markets of other donor markets for Commonwealth developing countries and territories.
7.
.
As the Japanese Government will have seen from the economic data already supplied by IIMG about the territories and countries concerned, their exports are unlikely to prove a burden to Japan ir included in the Generalised Preference Scheme. They do however depend upon increasing“
and diversifying their exports to improve their economic
position. To the extent that their admission to the GPS would assist them to achieve this, the benefits would ... accrue directly to the individual territories and not to the United Kingdom. This is because the dependent
territories are not subject to UK taxation, nor does UK
trade and customs legislation extend to them; in particular
they are not governed by the annual UK Finance Acts, nor by
the Customs and Excise Act, 1952, nor by the Exchange Control Act, 1947. The se territories operate their own tariffs (copies have been provided to the Japanese Embassy in London) their own Customs and their own budgets and financial reserves. To avoid burdening the Japanese Govern- ment with the relevant legislation of all UK dependent
territories, documents are attached for a typical dependent
territory in the form of the British Solomon Islands Order (Constitution) of 1970, Customs Ordinance (Chapter 78) and the Estimates for 1971. It is hoped that this material will meet the Japanese Government's requirements.
4
8. In conclusion it would be a matter of the greatest
*
concern to HMG if the se territories were to be excluded from
the Japanese scheme or from those of any other industrialised
/country,
No comments yet.
Private notes are available after approval.