NZ's Efforts To Preserve It's Economic Security Flashcards
Who formed the European Economic Community in what year?
France, West Germany, Italy, Belgium, The Netherlands, and Luxembourg in 1957.
What was the aim of the EEC?
To create a common market by reducing tariff barriers between member states.
When did Britain first apply to join the EEC?
In 1961
Who vetoed Britain joining the EEC in what year?
France in 1963 after long drawn out discussions about whether or not letting Britain join.
When did Britain apply again to join the EEC and when were they accepted?
They applied to join again in 1971 and were accepted in 1973.
What year did New Zealand sign NAFTA with Australia?
In 1965
What did NAFTA stand for?
New Zealand Australia Free Trade Agreement
What percentage of New Zealand’s exports were sent to Britain in the mid 1970’s?
20%
When was the CER signed?
In 1983
What did the CER stand for?
Closer Economic Relations
What did the CER allow?
It allowed most of New Zealand’s exports into the Australian market and vice versa.
What did GATT stand for?
General Agreement on Tariffs and Trade
Was Britain joining the EEC a good thing for New Zealand? If so why?
Yes, because the markets which New Zealand traded with became much more diversified meaning that our economic security was greatly increased.
What does symbiotic mean?
A mutually beneficial relationship.
What was the Deputy PM of NZ when Britain applied to join the EEC for the second time?
Deputy PM Marshall.
