TNAG-0299-FCO40-335-Entitlement-of-Hong-Kong-to-generalized-tariffs-preferences--1971 — Page 32

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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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