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New Zealand’s Economic Relations With Japan in the 1950s
Author(s) -
Singleton John
Publication year - 1997
Publication title -
australian economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.493
H-Index - 16
eISSN - 1467-8446
pISSN - 0004-8992
DOI - 10.1111/aehr.371001
Subject(s) - compromise , treaty , dumping , international trade , economy , business , political science , economics , law
New Zealand’s special economic relationship with Britain was brought into question during the 1950s. The subsidization of British farmers, and the dumping of foreign food surpluses in the UK, made New Zealand’s traditional market seem increasingly insecure. Wellington responded by seeking supplementary outlets, and in 1958 a commercial treaty was signed between New Zealand and Japan, despite the alarm of British manufacturers. New Zealand’s trade with Japan grew after 1958, although it failed to grow as quickly as trade between Australia and Japan. The Japanese were reluctant to import many animal products. This article explains the process by which Japan and New Zealand arrived at a compromise, which enabled trade to develop without seriously damaging the interests of protected groups in either country.