but he thought that this would not matter since there
were
are limits to the amount of aid which the recipient
countries could absorb quickly. Mr Aichi thought the
the
key would be provision of funds for the Asian
Development Bank. Japan realised that her economic
activities could arouse fears of Japanese economic
imperialism. Multilateral action should help to
allay such fears, which were, of course, unjustified.
Such action would also contribute to the security of
the area.
Sir Alec Douglas Home pointed out that any
countries claiming to fear Japanese economic
imperialism were under no compulsion to take the capital
offered.
Note: The agenda itim "Japancer Role in Africa" was subsumed into as two freceding items.
EUROPEAN ECONOMIC COMMUNITY
Mr Aichi said that Britain's entry to the Communit
was something to be welcomed. He would, however, like
to hear Sir Alec's assessment of its implications for
Anglo-Japanese relations and Britain's multilateral
relations.
He wondered how the situation should be
dealt with to protect the interests of both countries.
Sir Alec Douglas Home pointed out that a number of
important issues remained to be solved before Britain
could enter the Community, eg the size of Britain's
contribution to the agricultural support fund of the.
Common Market. On this the gap was still wide. Не
thought it could be bridged unless the Community
should make demands that appear likely to limit the
which rate of growth of Britain, he thought this improbable.
L
Another difficulty arose over fishing. Whereas
continental countries had heavily used the fishery
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