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Impact of the European Economic Community (EEC)

In: Agricultural Economics and Food Policy in New Zealand

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  • David Hall

Abstract

Possible UK European Economic Community (EEC) membership was potentially catastrophic for New Zealand. But New Zealand worked to protect its vital interests rather than opposing UK membership. That approach was successful despite New Zealand’s import restrictions on British goods. Federated Farmers’ discussions with the EEC encouraged hopes of more outward EEC agricultural policies. New Zealand had to choose between shipping produce to the EEC and new markets, it fell 15% short of filling its EEC quota. The weakening trade relationship with the UK encouraged New Zealand to build trade partnerships in the Pacific and Asia recognising it would have to give up narrow, inward-looking, protectionist policies. Federated Farmers told the Pacific Basin Economic Council that trade expansion needed removal of market distortions.

Suggested Citation

  • David Hall, 2021. "Impact of the European Economic Community (EEC)," Palgrave Studies in Agricultural Economics and Food Policy, in: Agricultural Economics and Food Policy in New Zealand, chapter 0, pages 157-167, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-030-86300-5_11
    DOI: 10.1007/978-3-030-86300-5_11
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    Cited by:

    1. Wu, Ying & Wu, Yanpeng & Cimen, Halil & Vasquez, Juan C. & Guerrero, Josep M., 2022. "Towards collective energy Community: Potential roles of microgrid and blockchain to go beyond P2P energy trading," Applied Energy, Elsevier, vol. 314(C).

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