Soames, Christopher.

English

Archive of European Integration

-- - .- -(Lohctori }Jiny ·1974). ~  .. -'  ....  foe-"""!  ~"  t- ~:-;,_  .--._ ..  I  ,o;  ~~  \  -•- .. _-,  _.-~ ...  _-_--,..  __  "'-'~~-.- -f  ,;:  f- ..  -~~·---~-.:-,.~  .•  -~  0>  ----~-:_  ~  .-._,-- .. ·-i!o-4!  ...  -·-~:;__;~-:  •. ..  - ;0"  J  .:-_~  -~-.  1!_-.t_:jo It in  i\.  IY',:.•'ticuL·l'  pl(:(·',SU1'0 for  Ole-,  nr.  Chairm{',n,  ·[;o  follor·J  l'•r.  Shore 011  your  plr-.tfm·m  ·i:his  mor·d.nr.  lie r-nd  I  don •·t  hold  ·tho  s::tmc.  v:i.m:s  on ovarythil'16 in lifo.  nut thin J'IOl'}.lilt.·&  vox·.v  oJ.1):;.:rly  ·ro  ;'To united at lor'.st  on  ono  1)r:-.sic  theme • . Bl'Hn.in must  export  su1)stanbi<:.1J.y  wcn•c)  L'i  thQ J\rturo  tha.11  in tho  pr:ot·o  Ho  ho.<'  a lOYl,'~  st~.ndil1G nndorlyin{;  h:'1.1P.ll\H~  of JEymonts  problom  in o.ny  C~·,8c.  ]Jut  poi! t  . bcc::msn J)f th{.  rcecn1t  :.::;u.dclon  upsuro) in food  n,nd l'Gi'!  mo:~ori;:,l  pric,;s,  HO  nJ.so to piw  for ouJ~ in!pOl'-ts  f::t.r  mol'o  tk~n in tho p:>.nt.  And  fo1•  Ui'l  to  1.:,xport  more  t"'w thh1[~S  ho. vc  to  h;'.ppcn:  {;ovornmcnt  must f:JD.fccu{~l'd  rmd  improve  our  export  oppor-tUl'1itios 7  1.'\.nd  d; tho  sroJno  t. tlna  business must soizo thos0 · opportuni  tioFJ OHith  ['. i-iill. ~1ho title you 'vo  n.skod  1:1~.~  to  spcnJ:.:  on this nwrni,nGt  fil:r.  Chrirmnn,  is 11Bri  tn.in in tho  Common· .t:lo.rkot" ..  Now  of'  oom:'FJO  I  lcnoH  there n.rc  people  Hho  . _uould  rntlloi~  lJGC  Bri  t~in out of  th0 GonJmonHc.•,:ckot.  I  mysolf  1:'.111  convinced  ·thP,t . our  opportuni·~ios ··  our  e:conomic  opp;')rtuni  t.ios  0nd  our po1i  tioo,l  oppo:rtm1itios lie c.hovo  r.ll  in Europe.  CJlh.::.t  is ·1vhy  T  8-m  glnd tlw,t  Hhn:t  tho  Government htis · S<:lt  out to do>no1:r  is not to noe;otic.:to  the  torms  of oxit•  ..  f£l,r  from. it;,_ bU.t  . -~o· socuro  ~  i¥1  't1K:  J.i'oroie;n  Secretary's ,,ords in Luxembourg  (  you Hill soc  them H1  paro.grn.ph  ·1  ·of thG  l-'lhito  Papor)  1 ;~-"<  firm  bnsis  for continuing British  membcrs~1ip in "''  strc:n{.fl;hnn•::cl.  Gor.Jmuni ty'.'.  G:·he;t  :i. s  an ::·.iw  ':iO  ca.n  all shv.rc,  tovmrds  vlhich vJG  all co.n  pl  c.dr:;-e  oursol  ves  to  '.·IOI'k.  It  :Lr>  in a  strengthened  Community  I  am convincccl.  th,-.;l;  our destiny .1 iC:t>  ~ Ccr-tr::,in1~/  .. tho  pr·oson~  Community is twt  perfect.  I  soo  plenty in it to oehn.:ngo,  (l.:hd  the:  nmvf,;J  of the  L·~s.-li  36  hours undorlinos  just  hm1  much s·till remains . to bo clono7  to  rrl~rone.;l;hql. ::md  to  ir:tprovo H.  But  as  c  •. Comrau:n:ity  of tho :lhnc  7  it is still only. six\cGn r:1al1ths. old.  It hn.s to  adapt  to. tho  f'r,,st. ch::mging 1:rorld o.round  H  1  to  the_  rrtpicl clmn£:os "rJithini  t.tnd  to  tho consoqu0nccs  of enl(l.rgement  .. itself. So a  l(mes:  process  of noe;oti2.tion ·- I  might  v1oll  say  r:.  porpctw..~.l  process · Of nogoti.ntion  ;:~,nd  :dmo{c;ot~ation of its poJ:ioiCf3 -·is not  onlj' fricvit:ible, but  . cssontial for  5:ts\::urvivr~l, j_ts Gro,-Jth  e.r.u:l  its success. For this is no  st2.tic ·thin,;  t~:;-t  He· h::we  joined.  It·· is, -·.it v1as  a.hvo.ys me0.nt  to  be  :..  0  livinf:~ e  .. nd  constn.n:bly  ovolvint·;  org:mism iir which nll its mem15ers plgy tlioir po.r~ 'to  help it continu;:J.ly to  s,dr,pt  n.nd  dovclop  •.  ·But  tho opolicics wo  propose,  tJ-:.o ·poliqios  i·10  pu.Pcuo 9  must  bo fr<unod  loyally fromvrithin,  to meet tho intorcsts  1  not of 2.ny  ono  soctiol.-:t  of ·.tho  topulc:tion,  nor of  c~ny one  cqrnpohel).t pn.'pt  6f this  Gomnnmity 1  but  iihointcr'csts of tho  '>~holu  CommunHy  of Nhich·tho  · United l~ing'dori{ not:  :forms  n.  pc.rt. Ancl  tho,nk  hoavoi1  HO  do  no·,·:  n.t last  forriL a  part of that  Community. ·1·io  joinc:d it  1  our present  oight  partnors  i:.1  it 'bought  ov81  ...  30%  of our GXI)ox'ts•  Of our  ~Jix big{';ost  custorac}'G  the '.wrld  over1 five ,8-ro  noi'rcmi'.p<~rtnors in tho Cor:nnuni ty.  Hi  th the  sintC):lo. cxc()ption of the United  St£>.tos1  there is no count1~y in tho  uorld  outside  the:  Com;·:mni ty ·t;hp.t  buys  n.s  much  from  us us does even Belgium.  As  t.ho  t:.,riffs  no:J  coni.::;  donn  in stages  ~ from  tho  first cutthir-. teen months  n.Do  1i'1.til  fin:.l  froo  t:::•;:e,do  in 1977  - tho  Community Hill  incvitfo.bly bulk ov()r  L-.rgo:r  :i.:·1  ou:c  total f:i.''Tkuts.  Homorahor 9  too·,  th':'..t  the  Commu: .  .:.i ty has.· nogot.iD..tcd  inc.hctr;;.n.l  froc  -trn.do  <.lrrangeucnts  ;.·Ji th c.ll  the remaining ElTTA countries•  In 1972  tho;y- too)~.  ::-.~·other  91L  of our exports"  So  in 2.  fm·T  years  time 1·'10  shnll  1)0  in J1iClustri:·\l  free  tr:·~.d(:  lli  th countri;:;s  l<Tho  \".lroo  .. dy tr,ko OVCI'40% of Ol.tr  goods •·  ~-;.td  ths,t  Y  incidcn:t.:lllJ  1  is r.w2:·c  th~n double the  16~.f'/o of our gogds . bouGht by  the  Oommorn'Je::.<~ltho  • • .. j...  . - - ----- - -~  --Ar1tl''  :th~ 'riroi; Y01'.r'! 0  oxp~ol'l\H  lQQ j.n-i;lH  .... Conbim{ty: h:u3  1J(}{Ji1· .vory  u~.ti.Bi';\ctor,;' .  (,\u~  ·~:<pnl'tH.  Althrm;-;h. tho .i'irst i;:J.riff 6ut. d:i dn 't  c-::•r-.1<,;  \UrLil A}ll':u,·  r\nrL·~h;;,n it  u:.-.r~  olHy  h~r r·  fifth  o:fthtJ  k·r:ifi' 1ir.ll,  our c)(por·ta to tlm  •)thvl~ -oi(§h;c  Jn<)Lhur ooulltl':lua  rof;.;,  1J,Y  :ni:·. ·•  :w:~  ·'1c,ninrJt  ~~  rifJ(,..  o:C  only  2,;%  to the r.;,st  ni' tho tmdd. I1i othur \Jol'llB; · tho r:ur0pu"n · li!".l·!;d ie ;1,1J\J>:.dy  our  rrkplo  v):ptJr·f.  r;.·.rkot i  f'.ilcl.  uc :1~;y  oonfidon't.ly  i~Xpc.c'li  it to  t-;1'0\!  ir•  impo:'lt>.noo  oV<Sll  i\lrthcl' i11. i'h\J  fu·~uro· ,.  -hugo  m·:l:'!~tlt  l'})cnin:.:; up \th~ch  I  ~11J  sur(:  thvX'v tsno noucl  for uo  t/)  cmar.wri<l  .t(J your  VGl'.)'  spc.oir·1  t~ttortion rnr.:;r  'thd  c.:>ni;;{·  ,y·onrEJ • .  I  knoH  9Ul"  primc.ry concorn tld.s. morilinr; ia ox.port:s,  ;mt  :l t  is only f:'.ir fOl'  nf().,  tJltun  r  tc.lk  of thcl  ~:i.ncrcr>.fk ln our  CJ(pcn't;s  to :thu  Conmtm:i.. t~r,  ·l:o  poin·t. §l.cio  to tho  inore~'.sn in ou:t'  il;lport::.o;  fJ"OIH  it. 1f.'ho  oxprcnsion of British industry ''1Q73/pullod in ;,  t'Sood  nnny inch1fJtrin.l  supplios :;ncl  invostr:l0;ni;  i._oodG  frow  ·l;ho Cor.u:~unityr .11ithout Hhich .'Ghr.t cxp1.nsion  could not  h!W\)  kk"n pkoo.  As  in tlw c:.\SO  of otu·  nthor tr0.do1  'bhci  clopl~ocir>tion of' sterling n1ennt  ~·,n  r·.u"~or:JP,tic inoror:.su (in.storling ·l;ur):!s)  of our  import  pricos1  but  it t::-..kos  tine :f()r  uxportors to OXpn.hd·-thoir  volumo·of  SC':los.  ~l'hu  Voltuno  of OUl:' oxports to the;  Colcll'lUnity in f:w·t  roso · ju&t  n.bout  ro.s  fe.st  r,s  the  vohu;Jc:  of our iuports.  It  18  u:).rly ckys  yot 1  l\11d  ono  yo'.r 1 s  figures don  1 t  prtwo  tho  ~;>.rgumont.  l.1u:t  thoy corto..inly clispl'ove: t-th['.t  sor!lO  poopl::.: hrwo tried to  :'.rGU\;  ..  ~ th::ci;  cmtr;y ii1to tho BI::C  hc~s 1Joon  l'oopon·c-siblo for  tho  ~Jorsvninc; i11  ourl)r,bnco of.trr:clc.  Ort.tho  contr<\ry:thofiGuros tflvon  lly  tho  C ,D. I. shoN  th;c.t  'mr fr6..do  dc:hcit. ttith tho  Co!~m1uni  t,y  :ii~cro~·.scd steeply· th.".n  th::o.t  b!ith tho  rost  of Uw  HtH'lcl.  . Du.t  of course:  Hh~.t li'ttlttors in tho  lone run is not  rmy  p".r-tj:cui::o.r -yo::-~r 's . tmdo br>.lnncci  ~Jut  tho dynimic  effects Nhich dl that  he.s  on  our  nn.tion?-1  pA,  .. · dud.  /md thore:;·,  r'.ftOI'. n11 the yGe.rs  in ~!hich Brit  :i.sh  ocmwrw  r.:;rolv  mucll  t.10i"o slov!ly -·  nt  (10l;lC:thing like hn.lf the rnto of tlio  Cor:1munity:  :\ftor 1971 1  Hhen our ro<el  g'l'Cl1ith  ll.'\S  only 1.  75~ r,nd  1972 1  Hhon it li;".S  only 2. 57:7  ~.t  l::>.st,  in tho yco.r  in; lw.d  crrl;orody  thoro HEtS·o.  spurt 1ip  to·.)';~ 1 i;.· a  prottyi,oll unprocodontcd figciro in the  L.ost  qun.r-bor  con'l;m:y.  I  C<'..mlOt  believe t}}:H  thin trouond.ous spurt/inocoriordc grouth in tho.;)t()11r  m:  entered· tho  Comr,mi1ity  u:-~s  unrob.tod to tho  prospc.:ct  of tho H:i.dor  n::·>ricot  thnt  hr~s no:.i  bot;un to  open up  for I  don't believe th2.t  you  in this hr.n,· prc:,cticc,l .busil'lossi:Jun  thi"·.t  ;';'OU  2,r01  \•iouhl;  our of yo'.lr .ovm oxporionco  'I  drml  C.l1Y eli fforont conCl  USL))1. NoH  of course l!O knoH th"t this lot:.p in productiqhc;,,rmo·i;  he  ropo8;tocr yo:::r.  Ho  h~wo  raovod  into['.·  colder .-:o.nd  hC>.rshor  trorld 1  irtuhich tlw torrns of hr.wo  shifted strongl3r  [~,gr>iinst. us  nnd  man;y- of ow old  .::.ssitmpt:i,ons. '·Till  noccl ox~.min0tion  •. It' tlSGd  to bo  sd.d7  for<ox:'.mplo1  th:-,t  if ¥lo  joined tho  CoJnmUI1ity1  then our food  pric0s  would  rise;.  \'Joll 1  HO  did join tho  Cominunity  .- And~  lo and l10hold 1  our food  prices did riso, cmd.to  <".  punishing extent.  Q.l~~D. i  \lhc..t  could bo  simpler  th~~n th:ot't'  Indood  r  I  soo th:i.t  there c,ro  sor'iO  pooplo  1.:ho  ::cro  still · . r•.re,uing thn.t  ur.y  toCl.r.:.y.  · Lot. mo  Elpond  ~- ninute or t:w  on thnt line of argur.i::mt. It's not. ,jiwt a· dpmonstrn.tion of hm; quickly< thi11GS  cn.n  chi".ngo l:lhilo  pcoplu t:.r-o  not ke()ping tlwil•  o;yos  on  "tho  h\ll ·- it's ;\lso  ?.  vito.l quost ion for  ou:c'  hc.lt·.nco  of po.ymcmt::J, our import bill  ~m<.l  our level  of costs horo  e.t homo  ~- and  thcrc:for6 onr ·· c:::.prwity to export. Tho lll:olo  r\.rt;Ui:JOnt  e,bout. th-:;  price of :i'ood  being  r~1.ised  by  our coing into Community  rt~stod on tho l:tssur,1ption  of ro).p,toi\rely  loH  prices in the  \·JOrld hv\rkot. }Jut  uhP.t  hi:s  1\du:::.lly h2.pponocl? Lot's st:crt Hith  [;'l't'.in.  Gr2.in  is  Brit~.in's  ~)ig,:;cst  food.  ilT'port.  \:ithin  ~·. yoc..r  of  joinL>.g1  the:  HOrld  price of Hhe::<.t  h0.d  rocl~ctcd to hd.co  th<.";  ComnmJ.ity · prico n.n<;lthrco  tiL10S  tho  Comuunity's  intervention price.  'l'ho  ~;orlc',  price  h:ts co:.tc  b.':'.c~:  i10''I  h;r :"..  third,  but  is still subsk.ntL:dly higher th,.,,n  tho  Corimnmi ty prico and t'l)cut  75~~; ldghor th<""..n  th\;  CouEm;-:ity's  intervention pdcc for tho  · British tlm'kot  o - - --- - _- - - --'l'hr:\;  l~lO'"'.nO  th\.1  old  \lol'{rtlr.Kmt  h~·r~  1Jo6l'l OConpJc,·toJ.y  Up~l1Cltft };y ovorrtr.r..  11 1noY:v ·.  no  food  ti'_Y..  >;Jl1  otn'  ~,:r::-.in  iu•portt;  ·•  on  l;ho  contrnry th\::rt;  is h  l<;Vy  on oxpf.n•ta  ·to kLu)J  our  Cl':.it1 prico  in:ddo  tlH:  Corm:1uni t,v  <:tJr:ip;l!·o.ttv  .  .:ly  lo~t.  So \'10  t:;ot  otu.'  [(l'''cin  todt\f  ft\i'  chu;•.por  l>y  boin!: hwidc .th~;  Cor.r:m:1it;:  thn.11  if ~JO  ..  ·~. oute:i.tlt.·  :it.  ·  ·  · IJ.'ho  Ci>im.lubity  prcfe:rcmcv  in  11o'b  iri :t.-.;voul.·  oi'J~uropc  '13  hn.:;:,rs 1  i·mt  :tn fnv<mr of our  omlSl.tlilOrs  HHhin tho  Community.  And  tn thoJJritiah bnbJ1CC  of pt',ymonts1  ·tothv J3l'itish cost  of livhlg. to the :Gritish hous.;;d.f•::  end  to thu lovor,)f c_oi:1h;  rjf  Bd.·bish  irid.ustry th;yt' iH  t~  clot\r nncl  m~.·.nifost  hc.:ne:fi t. Or  te.l'~o  sugn.r,  IJ.'hcworld.  J;1:n•kc  .. t  pricv  is no1·r  more  t!r··n  tuiov tho  price: ~vhioh Ho  c:;,n  buy  f:com.tho  continont.  Bcc<:mso  it is throo  tj.nc:J3  ·th.c price. ori0imUy fi::c<;d  in tho Cornmon·,,o'-'.1 th  sugrn·  n,s:;roomont)  wo  l}itVG  hroJ.l  to  pn.y  tho .·  Connaom·:on.1 th producers  o:xtrr.  to  <.mcourngo  them  to honou:r tho  ~:.g.r-ocJ:Jod till tho ond of tho-yor.l'o  'l'ht'.t  mcrms ·tho  off•.:ot:i.vo  prieo of Oornmonuod th  su[~hr is  ~.bov,:' ·blw.t  of suanr  from  the  Community,  :}r;{l.  then •  .  .rc  ·ccm. 't [.r,ot  enough•  Dr:it~sh firms 0ro ·not'/  buyiD(;  sug:."..r  under  tho  eor.;r,,on  c.r;ricultun:d  policy r.t  f~150i stcrlin.:s n ton.  If' vJCi  v1oro  outsido tho  Com1~JU11ity  1  they Hould  bo  p:1.ying  fr:.23C  stol'ling. on  thc1 ..  vwrld  li1f:.rk0't.  · Tnk(J  dr.iry produce,  Thoro  the  i·TOrld  prices .').rO  101.{0r.  nut  tho .terms  on 11hich  Ho: 6ntorc:d. the  Coo1munLty  and noE the  c.onSU]tior ·  subsid:i.o~J  fir.hn:cocl  from . Community  funds  h:c.vo  kopt  pricos :i.:'l  Brit::;in sto:::o,d;y.  He.d  ;:o  bC:Cm  outside:  tho Community  thoy IIOUld  probo.bly lvwc  rison• l·lho.t  is more~ tho  Community  goes  o1.1t  of its Nny  to koop thu British C011SUi'iJE:r  cushioned  D.€,t;.inst  tho  offc:ds of  tho d0lvi1WG.rd  flo~·.t  8f th,;  pound. fucon,  hnn1 1  prn;k,  butter, choose,  r::ugnr  c,nd  other products benefit  from  th<;so subsidies compe:nsating for raonot<'.ry  cloprocic.tion:  <lnd  they  ~r.::  paid  for  one, hundred per cent  fro1;1  tho  CornmunHy  hudgo:t  to iJhich Bri  tdn contri  imtc;s  this yer:-.r  only lljb.  .  · As  tho  S::crckry of Stnto  for prices rmd  consl1L10r  protection in present. GOvernment  sc,id  ih  .tln-,  House  of Conm1ons  ·rour wooks  ~~g6:  170vor ·the  . most  recent  period of 1~:  filonths  i'or ~~hich fic-.,uros  r~re n.vnilo.blo1 Doqo;;11Jor 1972. to Docmr.bor  197 3 1  prices of i.rnportocl  ;food  o.rd  foeding stuffs roso on ;•.vere',go by 42%11•  Dut  Hrs.  Hill  i~as o..ddod:  wrhc  ov.:m:-..11  effect of EmC  r:cr·1borship on  •·· United Kingd.om  food  prices is currently cst:i.m<".tod  o..t  bet·docn or!o  hnlf and  17~~~.· No'd  cert('..inly i·rorld  prices r.!c.y  go  do;m ac,nin.  Tho  fic:uros  T h.'l.vt: ulroetdy \i(Jll  ~1olm.r tho unprococlcntcd  levels  C.:\rlior this yc."':c.  No one forocC~.st  ther;~o <'.ccU.rr..toly  too  f.-:r  in ;;.d vn.ncc;.  But  •)f one ·tJling  I  :--.,m qui;to . oortain:  the dr,ys  of c1HJnp  food  fr()n  our  tr[l.clit  ion::-~1  suppl iors 0.cross  tho SO.".S  !'.ro  oyo;'.  \!o  m·o li  vinr; in tiJ:tos vrhcr0  tho  terms  of trr'.do :dil  i.11  tho · long run  continuo to  favour  those  Hho  h2.vo  r<~.H  ra:'..tori<'ls  c.ncl  food· to  sol1  to~ <:m  incrof'',S inc;ly  cro~rclcd  ~·.nd  incror-.s inr,1y indust  ri::..l is  eel  1rror ld. And  if th::.t  is nm1  tho  sucul0r trend  1  then our nml·-found  0-Ct'oss  to rGnsoni'.bly  st.:.~blo  supplies of food  :<.t  ro::•.son:~bly  st~blo prices ;,;UJ.  surely prove of cnorr1ous v;:-;luo  in ou.r  fir.:ht  :::>.gainst  the rising cost of livinc;  ;_~nd our  ondorwours  to  improve  our li  vi.ng  st.:.nd-:-1:r'd.s  in the  future.  '.rho  sh·wp urr ho0-vals  on tho  [;r::  .. in :'..nd  sugo.l'  w;:.:dcots  rmd  of oourso  tho oil r,J;·,:'kct  2.ro  in fr:cton~y OJdrQmO  o~r:'.Llplc:s  of this  fundr>J.JC:ni;::\1  shift in c;lob:.:-.1  lJO..l",'~O..ining pm10r.  Tho  dror1gor  is  tlr~t  industri"l countries l·rill be  tomptud. oach to  off-< loc  .. d  onto  th<>  rost  those"  IX'.ynor.ts  de:fici  ts 11hich nll of us uill ho  incurring Hi  th the priran.i·y  producers.  TJ)nt  is  h~-..ppcnil1c this vory twok in  It:~ly  high·~ . ·lights this vory d.:.lnt?,or:  if \JC:  :-.rc not vory  cr~roful  v tho 1-:orlcl  r,i·'.y  slido into protoctionisn n.nd  into  i".n  isol:- .. tionist \vi tlidr::..vw.l  of interest nt'.ch  to his  o~'Tn littlo bn.cky:c.rcl.Yot  it  if~  juBt  ~~.t  such tinos  of<lr:.ngor to tho  \:10rlcl.  economy - .  ~  - -_- ~  -- -- -.  ·.  .  .·  .... , .. uo  ,!'').~~t l/ork  .. ·ioeotho  ,.  t 0. cu'  n;l  ,,  w.r.,;+.  Bho>+:  (l  00  <Jf  connoi\ Hi,  •• · t.nd  otu'l'<.incios)  ~  .  ..;;,·.·.inrr~  1momph1ynvnt  :'.nd  A'r;lls  ih 1  tvincot:.J~dr·.:rdt; 1  t>.c;-:·.inrrt j,riflr•.timl nnd  :::'oc:c.r.wion 'eonbincd.  lionu of us  o··.n  dv~  1  ;/ith thuL  p1'oi1L;LJO  :i.n i.sr.Jl·;'l,;i0!1.  At  mwh  tj,l•:or:  H  vill :,,;  vH·'.l for uo. to  lJC  p:xt,  P•it  juol:  r)f  :·. fl~oo  tlY'.ding  \}'t'\~r!(;\::hlUn't,  but  of  tllt,;_.t;  !'.~hols;  COlilplox Hvb  :J:f  l<n~i;uJ.  l~nq~rlccl.cv  :•.!1d tnwliunl. ~:cljy.s·~ll9!tt,  of Hol'ldnc together· :.1.nd  -thinkinr;:; tog<..tlivr  ···.!mnt  tho  futuro 1  <Jf  invo~!-1l'}ft.\¢1$'o:thc>r  n.ml  frn•nul<:.·l;ing tocdlwr our stnnco  to tlK rc:siJ  of thu . \ft)l,'ld, ·on l:l01lOY 't:>.h<l·:or  t;~,•0-dh  on rd<1  r.nd  ovol'se:ns  invostmont 1  1\J:d  oP thrJS0  1n·o".dcr · problQns of ;bh;:i  jr:ode;i-1A,tr<:il~ld  t.Jy·.t·ni11  pro:tou11dly  condition tht·  fuhu'(,  ,,,  not Oi1l;y·  Of  nur  o6ouolill,0!3t ))Ut  o.lso  o,T  0\~i'  filO?;ltrt.y  'lhich  ou.:c  ooonorJii~s  oXiFJt  to -,,_.  0  .,c ·,. ~- - - -_  ._  - - --tho  l'!IBCii3~~Jt~.~~}nJpf,(,~ {;oran1on  mnvi(ot •.  It ·is  :.;,  ·co!:u:mnity dodicr,_tod  to undorst;tnding t11cl  trl~tur-.lsuppory 1 ?.nd  it is r..·.n  ontity th"t  0:'-n  ·-·  :thon sj)o~;:l~s ::u:i.'th  Co!;lfnon;vo)oc)  ~ ~, 'lirt'.'-l:Kl  up in.  tho iio:d.cl. fo:f our .h:.tor( si81  ()u!; .:u;d  ou:r  iclr):,',ls.  'l'hr::t'is  \Jhy  H  rn;:;ttors  so much  'l;h:1,t  1'0  s:1,)Uld  be  pr:.rt  of cdl,y.  Th11.'t  ;Je  shouldi  in  <t  positiv•;;  spii'it,  d0 :tll  lfO  c  ..... n  to furthu' it. .!.nd  th:~.t  lTD  should  bv  c-.blo 1  in tho  uncork,:i.n t :\.E;cs norJficle:n'C ly to count .on its support  lJhon oc  nocd it. So  lot.·  mo  L:,st ly  1  r;!r.  ·  Chc:.irmccn,  rn.n[\'l  for  .:~  nomcmt  beyond tho  n<:.rroH 'mf-l.ttm's  of tr,..,clo  r~ncl  irwusi;rnc11t.- :C  l~nmi th::;y  h.ro  ilnpbrto.nt;  but hi the  i;lOdorn .··· 1·rorld  l10YlC  of US  1'1.1'0  :'\11  isl1".11d  nnto  oursol  VOS 1  nor n.ro  yoUP  if;;i':;cch:~to  prob1or:lS of exports ancl  invostmont  divorcod  from  thu rol::'.tions  hot~rucn1. st:;tos as  thG;y n.ffcct not  orily tho 110rld  trndc  r>;nd.  money  systems  btl.t the-r-;m:wrr\1  sc::1sc  of  or(io1~ ·  ..  n.nd  socurity irr tho .i:cirld. Jicvor in h'UJ'l<",n  history h:--.v::  dJ.  our  countries bocn  so  intorcloponclcnt  for . ~ljcir pr-osperity  7  so int.o1'depondont  for their socuri  ty1  so  hito;rdop8ridort{ fox'. thoil'·Very·surviw\l t.s.  societies r:.s  NO  C.';rc  tocl;:c;}'•  This,  as I  soC ft1  is .the "t;)(i~rt'cl"U.Cid  problou  fox'  our  ccnor<'.t:i.on:  if \TO  f.::.i1  to tlo.stci' it tho vrorld could  ql,liClc:J.Y x:ur:.  dovn1il1to  1.\  n"'.sty  oco110Ei~ic  ::>.nd  politic0-l shi,r!Jbl(;s.  'l 1o .  hnrn()SS  this, j,ntdrdoponde:iwo ui  th loy  ... ,lty <'  .. l'ld  cor'lmonsense  to our mutud  bonofit .  i~ Oilfho  .. t  th(J Cormmmity  E:Jots  out  to do.  Th:.~t is v:hy 1  ovor  rend  ~1l1ovo  t11o  purely ;~· '",  : .  _ ;hr::•.dc  n,ncl  i1wastmm1t. critori;:,  1  it  •  HLS  on fu.!Jdnmcnk,l  poltic;c;l  [(PomKls . thc;t ":•  •· .. •  co,pplicCl fOT'liltmlho:r·ship·  iiJ.1961  .·'.lld  "-[·;n.in  in 1967.  '11ho;t  is l!hy  \f\.'  joined Jt :]'v>  ::  ·:).n:::]t  yoo.r,  i1.nd  thd is Hh;y  I  loo!(  forHnrd  nou to . our  holp:ir1~ to  foi•g9  its · f\l_"curo ·in tho ycc.rs  to  como. 

Britain in the common market. Speech by Sir Christopher Soames, Vice-President of the Commission, at the Cunard International. London, 2 May 1974

-- - .- -
(Lohctori }Jiny ·1974). 
~ .. -' .... foe-"""! ~" t- ~:-;,_ .--._ .. I ,o; ~~ \ -•- .. _-, _.-~ ... _-_--,.. __ "'-'~~-.- -f ,;: f- .. -~~·---~-.:-,.~ .• -~ 0> ----~-:_ ~ .-._,--.. ·-i!o-4! ... -·-~:;__;~-: •. .. - ;0" J .:-_~ -~-. 1!_-.t_:jo 
It in i\. IY',:.•'ticuL·l' pl(:(·',SU1'0 for Ole-, nr. Chairm{',n, ·[;o follor·J l'•r. Shore 
011 your plr-.tfm·m ·i:his mor·d.nr. lie r-nd I don •·t hold ·tho s::tmc. v:i.m:s on ovarythil'16 
in lifo. nut thin J'IOl'}.lilt.·& vox·.v oJ.1):;.:rly ·ro ;'To united at lor'.st on ono 1)r:-.sic theme • 
. Bl'Hn.in must export su1)stanbi<:.1J.y wcn•c) L'i thQ J\rturo tha.11 in tho pr:ot·o Ho ho.<' a 
lOYl,'~ st~.ndil1G nndorlyin{; h:'1.1P.ll\H~ of JEymonts problom in o.ny C~·,8c. ]Jut poi! t . 
bcc::msn J)f th{. rcecn1t :.::;u.dclon upsuro) in food n,nd l'Gi'! mo:~ori;:,l pric,;s, HO nJ.so 
to piw for ouJ~ in!pOl'-ts f::t.r mol'o tk~n in tho p:>.nt. And fo1• Ui'l to 1.:,xport more t"'w 
thh1[~S ho. vc to h;'.ppcn: {;ovornmcnt must f:JD.fccu{~l'd rmd improve our export oppor-
tUl'1itios 7 1.'\.nd d; tho sroJno t. tlna business must soizo thos0 · opportuni tioFJ OHith ['. 
i-iill. 
~1ho title you 'vo n.skod 1:1~.~ to spcnJ:.: on this nwrni,nGt fil:r. Chrirmnn, is 
11Bri tn.in in tho Common· .t:lo.rkot" .. Now of' oom:'FJO I lcnoH there n.rc people Hho . 
_uould rntlloi~ lJGC Bri t~in out of th0 GonJmonHc.•,:ckot. I mysolf 1:'.111 convinced ·thP,t . 
our opportuni·~ios ·· our e:conomic opp;')rtuni t.ios 0nd our po1i tioo,l oppo:rtm1itios 
lie c.hovo r.ll in Europe. CJlh.::.t is ·1vhy T 8-m glnd tlw,t Hhn:t tho Government htis 
· S<:lt out to do>no1:r is not to noe;otic.:to the torms of oxit• .. f£l,r from. it;,_ bU.t . 
-~o· socuro ~ i¥1 't1K: J.i'oroie;n Secretary's ,,ords in Luxembourg ( you Hill soc them 
H1 paro.grn.ph ·1 ·of thG l-'lhito Papor) 1 ;~-"< firm bnsis for continuing British membcrs~1ip 
in "'' strc:n{.fl;hnn•::cl. Gor.Jmuni ty'.'. G:·he;t :i. s an ::·.iw ':iO ca.n all shv.rc, tovmrds vlhich 
vJG all co.n pl c.dr:;-e oursol ves to '.·IOI'k. It :Lr> in a strengthened Community I am 
convincccl. th,-.;l; our destiny .1 iC:t> ~ 
Ccr-tr::,in1~/ .. tho pr·oson~ Community is twt perfect. I soo plenty in it to 
oehn.:ngo, (l.:hd the: nmvf,;J of the L·~s.-li 36 hours undorlinos just hm1 much s·till remains 
. to bo clono 7 to rrl~rone.;l;hql. ::md to ir:tprovo H. But as c •. Comrau:n:ity of tho :lhnc 7 it 
is still only. six\cGn r:1al1ths. old. It hn.s to adapt to. tho f'r,,st. ch::mging 1:rorld 
o.round H 1 to the_ rrtpicl clmn£:os "rJithini t.tnd to tho consoqu0nccs of enl(l.rgement .. 
itself. So a l(mes: process of noe;oti2.tion ·- I might v1oll say r:. porpctw..~.l process · 
Of nogoti.ntion ;:~,nd :dmo{c;ot~ation of its poJ:ioiCf3 -·is not onlj' fricvit:ible, but . 
cssontial for 5:ts\::urvivr~l, j_ts Gro,-Jth e.r.u:l its success. 
For this is no st2.tic ·thin,; t~:;-t He· h::we joined. It·· is, -·.it v1as a.hvo.ys 
me0.nt to be :.. 0 livinf:~ e .. nd constn.n:bly ovolvint·; org:mism iir which nll its mem15ers 
plgy tlioir po.r~ 'to help it continu;:J.ly to s,dr,pt n.nd dovclop •. ·But tho opolicics 
wo propose, tJ-:.o ·poliqios i·10 pu.Pcuo 9 must bo fr<unod loyally fromvrithin, to meet 
tho intorcsts 1 not of 2.ny ono soctiol.-:t of ·.tho topulc:tion, nor of c~ny one cqrnpohel).t 
pn.'pt 6f this Gomnnmity 1 but iihointcr'csts of tho '>~holu CommunHy of Nhich·tho · 
United l~ing'dori{ not: :forms n. pc.rt. 
Ancl tho,nk hoavoi1 HO do no·,·: n.t last forriL a part of that Community. 
·1·io joinc:d it 1 our present oight partnors i:.1 it 'bought ov81 ... 30% of our 
GXI)ox'ts• Of our ~Jix big{';ost custorac}'G the '.wrld over1 five ,8-ro noi'rcmi'.p<~rtnors 
in tho Cor:nnuni ty. Hi th the sintC):lo. cxc()ption of the United St£>.tos1 there is no 
count1~y in tho uorld outside the: Com;·:mni ty ·t;hp.t buys n.s much from us us does 
even Belgium. As t.ho t:.,riffs no:J coni.::; donn in stages ~ from tho first cutthir-. 
teen months n.Do 1i'1.til fin:.l froo t:::•;:e,do in 1977 - tho Community Hill incvitfo.bly 
bulk ov()r L-.rgo:r :i.:·1 ou:c total f:i.''Tkuts. Homorahor 9 too·, th':'..t the Commu: . :.i ty has.· 
nogot.iD..tcd inc.hctr;;.n.l froc -trn.do <.lrrangeucnts ;.·Ji th c.ll the remaining ElTTA 
countries• In 1972 tho;y- too)~. ::-.~·other 91L of our exports" So in 2. fm·T years time 
1·'10 shnll 1)0 in J1iClustri:·\l free tr:·~.d(: lli th countri;:;s l<Tho \".lroo .. dy tr,ko OVCI'40% 
of Ol.tr goods •· ~-;.td ths,t Y incidcn:t.:lllJ 1 is r.w2:·c th~n double the 16~.f'/o of our gogds 
. bouGht by the Oommorn'Je::.<~ltho • • .. j... . 
- - - ---- - -~ --
Ar1tl'' :th~ 'riroi; Y01'.r'! 0 oxp~ol'l\H lQQ j.n- i;lH .... Conbim{ty: h:u3 1J(}{Ji1· .vory u~.ti.Bi';\ctor,;' 
. (,\u~ ·~:<pnl'tH. Althrm;-;h. tho .i'irst i;:J.riff 6ut. d:i dn 't c-::•r-.1<,; \UrLil A}ll':u,· r\nrL·~h;;,n 
it u:.-.r~ olHy h~r r· fifth o:fthtJ k·r:ifi' 1ir.ll, our c)(por·ta to tlm •)thvl~ -oi(§h;c Jn<)Lhur 
ooulltl':lua rof;.;, 1J,Y :ni:·. ·• :w:~ ·'1c,ninrJt ~~ rifJ(,.. o:C only 2,;% to the r.;,st ni' tho tmdd. 
I1i othur \Jol'llB; · tho r:ur0pu"n · li!".l·!;d ie ;1,1J\J>:.dy our rrkplo v):ptJr·f. r;.·.rkot i f'.ilcl. uc 
:1~;y oonfidon't.ly i~Xpc.c'li it to t-;1'0\! ir• impo:'lt>.noo oV<Sll i\lrthcl' i11. i'h\J fu·~uro· ,. -
hugo m·:l:'!~tlt l'})cnin:.:; up \th~ch I ~11J sur(: thvX'v tsno noucl for uo t/) cmar.wri<l .t(J 
your VGl'.)' spc.oir·1 t~ttortion rnr.:;r 'thd c.:>ni;;{· ,y·onrEJ • 
. I knoH 9Ul" primc.ry concorn tld.s. morilinr; ia ox.port:s, ;mt :l t is only f:'.ir 
fOl' nf()., tJltun r tc.lk of thcl ~:i.ncrcr>.fk ln our CJ(pcn't;s to :thu Conmtm:i.. t~r, ·l:o poin·t. 
§l.cio to tho inore~'.sn in ou:t' il;lport::.o; fJ"OIH it. 1f.'ho oxprcnsion of British industry 
''1Q73/pullod in ;, t'Sood nnny inch1fJtrin.l supplios :;ncl invostr:l0;ni; i._oodG frow ·l;ho Cor.u:~unityr .11ithout Hhich .'Ghr.t cxp1.nsion could not h!W\) kk"n pkoo. As in tlw 
c:.\SO of otu· nthor tr0.do1 'bhci clopl~ocir>tion of' sterling n1ennt ~·,n r·.u"~or:JP,tic inoror:.su 
(in.storling ·l;ur):!s) of our import pricos 1 but it t::-..kos tine :f()r uxportors to 
OXpn.hd·-thoir volumo·of SC':los. ~l'hu Voltuno of OUl:' oxports to the; Colcll'lUnity in 
f:w·t roso · ju&t n.bout ro.s fe.st r,s the vohu;Jc: of our iuports. It 18 u:).rly ckys yot 
1 l\11d ono yo'.r 1 s figures don 1 t prtwo tho ~;>.rgumont. l.1u:t thoy corto..inly clispl'ove: 
t-th['.t sor!lO poopl::.: hrwo tried to :'.rGU\; .. ~ th::ci; cmtr;y ii1to tho BI::C hc~s 1Joon l'oopon·c-
siblo for tho ~Jorsvninc; i11 ourl)r,bnco of.trr:clc. Ort.tho contr<\ry:thofiGuros 
tflvon lly tho C ,D. I. shoN th;c.t 'mr fr6..do dc:hcit. ttith tho Co!~m1uni t,y :ii~cro~·.scd 
steeply· th.".n th::o.t b!ith tho rost of Uw HtH'lcl. . 
Du.t of course: Hh~.t li'ttlttors in tho lone run is not rmy p".r-tj:cui::o.r -yo::-~r 's . 
tmdo br>.lnncci ~Jut tho dynimic effects Nhich dl that he.s on our nn.tion?-1 pA, .. · 
dud. /md thore:;·, r'.ftOI'. n11 the yGe.rs in ~!hich Brit :i.sh ocmwrw r.:;rolv mucll t.10i"o 
slov!ly -· nt (10l;lC:thing like hn.lf the rnto of tlio Cor:1munity: :\ftor 1971 
1 
Hhen 
our ro<el g'l'Cl1ith ll.'\S only 1. 75~ r,nd 1972 1 Hhon it li;".S only 2. 57: 7 ~.t l::>.st, in tho yco.r in; lw.d crrl;orody thoro HEtS·o. spurt 1ip to·.)';~1i;.· a prottyi,oll unprocodontcd 
figciro in the L.ost qun.r-bor con'l;m:y. I C<'..mlOt believe t}}:H thin trouond.ous 
spurt/inocoriordc grouth in tho.;)t()11r m: entered· tho Comr,mi1ity u:-~s unrob.tod 
to tho prospc.:ct of tho H:i.dor n::·>ricot thnt hr~s no:.i bot;un to open up for 
I don't believe th2.t you in this hr.n,· prc:,cticc,l .busil'lossi:Jun thi"·.t ;';'OU 2,r0
1 \•iouhl; our of yo'.lr .ovm oxporionco 'I drml C.l1Y eli fforont conCl USL))1. 
NoH of course l!O knoH th"t this lot:.p in productiqhc;,,rmo·i; he ropo8;tocr 
yo:::r. Ho h~wo raovod into['.· colder .-:o.nd hC>.rshor trorld 
1 
irtuhich tlw torrns of 
hr.wo shifted strongl3r [~,gr>iinst. us nnd man;y- of ow old .::.ssitmpt:i,ons. '·Till noccl 
ox~.min0tion •. It' tlSGd to bo sd.d 7 for<ox:'.mplo 1 th:-,t if ¥lo joined tho CoJnmUI1ity 1 then our food pric0s would rise;. \'Joll 1 HO did join tho Cominunity .- And~ lo and 
l10hold 1 our food prices did riso, cmd.to <". punishing extent. Q.l~~D. i \lhc..t could 
bo simpler th~~n th:ot't' Indood r I soo th:i.t there c,ro sor'iO pooplo 1.:ho ::cro still · 
. r•.re,uing thn.t ur.y toCl.r.:.y. · 
Lot. mo Elpond ~- ninute or t:w on thnt line of argur.i::mt. It's not. ,jiwt a· 
dpmonstrn.tion of hm; quickly< thi11GS cn.n chi".ngo l:lhilo pcoplu t:.r-o not ke()ping 
tlwil• o;yos on "tho h\ll ·- it's ;\lso ?. vito.l quost ion for ou:c' hc.lt·.nco of po.ymcmt::J, 
our import bill ~m<.l our level of costs horo e.t homo ~- and thcrc:for6 onr ·· 
c:::.prwity to export. 
Tho lll:olo r\.rt;Ui:JOnt e,bout. th-:; price of :i'ood being r~1.ised by our coing into 
Community rt~stod on tho l:tssur,1ption of ro).p,toi\rely loH prices in the \·JOrld 
hv\rkot. }Jut uhP.t hi:s 1\du:::.lly h2.pponocl? 
Lot's st:crt Hith [;'l't'.in. Gr2.in is Brit~.in's ~)ig,:;cst food. ilT'port. \:ithin ~·. 
yoc..r of joinL>.g1 the: HOrld price of Hhe::<.t h0.d rocl~ctcd to hd.co th<."; ComnmJ.ity · 
prico n.n<;lthrco tiL10S tho Comuunity's intervention price. 'l'ho ~;orlc', price h:ts 
co:.tc b.':'.c~: i10''I h;r :".. third, but is still subsk.ntL:dly higher th,.,,n tho Corimnmi ty 
prico and t'l)cut 75~~; ldghor th<""..n th\; CouEm;-:ity's intervention pdcc for tho · 
British tlm'kot o 
- - --
- - _- - - --
'l'hr:\; l~lO'"'.nO th\.1 old \lol'{rtlr.Kmt h~·r~ 1Jo6l'l OConpJc,·toJ.y Up~l1Cltft };y ovorrtr.r.. 1 1noY:v 
·. no food ti'_Y.. >;Jl1 otn' ~,:r::-.in iu•portt; ·• on l;ho contrnry th\::rt; is h l<;Vy on 
oxpf.n•ta ·to kLu)J our Cl':.it1 prico in:ddo tlH: Corm:1uni t,v <:tJr:ip;l!·o.ttv . .:ly lo~t. So 
\'10 t:;ot otu.' [(l'''cin todt\f ft\i' chu;•.por l>y boin!: hwidc .th~; Cor.r:m:1it;: thn.11 if ~JO .. ·~. 
oute:i.tlt.· :it. · · · 
IJ.'ho Ci>im.lubity prcfe:rcmcv in 11o'b iri :t.-.;voul.· oi'J~uropc '13 hn.:;:,rs 1 i·mt :tn 
fnv<mr of our omlSl.tlilOrs HHhin tho Community. And tn thoJJritiah bnbJ1CC of 
pt',ymonts1 ·tothv J3l'itish cost of livhlg. to the :Gritish hous.;;d.f•:: end to thu 
lovor,)f c_oi:1h; rjf Bd.·bish irid.ustry th;yt' iH t~ clot\r nncl m~.·.nifost hc.:ne:fi t. 
Or te.l'~o sugn.r, IJ.'hcworld. J;1:n•kc .. t pricv is no1·r more t!r··n tuiov tho price: 
~vhioh Ho c:;,n buy f:com.tho continont. Bcc<:mso it is throo tj.nc:J3 ·th.c price. 
ori0imUy fi::c<;d in tho Cornmon·,,o'-'.1 th sugrn· n,s:;roomont) wo l}itVG hroJ.l to pn.y tho 
.· Connaom·:on.1 th producers o:xtrr. to <.mcourngo them to honou:r tho ~:.g.r-ocJ:Jod till tho 
ond of tho-yor.l'o 'l'ht'.t mcrms ·tho off•.:ot:i.vo prieo of Oornmonuod th su[~hr is ~.bov,:' 
·blw.t of suanr from the Community, :}r;{l. then • ..rc ·ccm. 't [.r,ot enough• Dr:it~sh firms 
0ro ·not'/ buyiD(; sug:."..r under tho eor.;r,,on c.r;ricultun:d policy r.t f~150i stcrlin.:s n 
ton. If' vJCi v1oro outsido tho Com1~JU11ity 1 they Hould bo p:1.ying fr:.23C stol'ling. on thc1 
.. vwrld li1f:.rk0't. · 
Tnk(J dr.iry produce, Thoro the i·TOrld prices .').rO 101.{0r. nut tho .terms on 
11hich Ho: 6ntorc:d. the Coo1munLty and noE the c.onSU]tior · subsid:i.o~J fir.hn:cocl from 
. Community funds h:c.vo kopt pricos :i.:'l Brit::;in sto:::o,d;y. He.d ;:o bC:Cm outside: tho 
Community thoy IIOUld probo.bly lvwc rison• 
l·lho.t is more~ tho Community goes o1.1t of its Nny to koop thu British 
C011SUi'iJE:r cushioned D.€,t;.inst tho offc:ds of tho d0lvi1WG.rd flo~·.t 8f th,; pound. 
fucon, hnn1 1 prn;k, butter, choose, r::ugnr c,nd other products benefit from th<;so 
subsidies compe:nsating for raonot<'.ry cloprocic.tion: <lnd they ~r.:: paid for one, 
hundred per cent fro1;1 tho CornmunHy hudgo:t to iJhich Bri tdn contri imtc;s this 
yer:-.r only lljb. . · 
As tho S::crckry of Stnto for prices rmd consl1L10r protection in 
present. GOvernment sc,id ih .tln-, House of Conm1ons ·rour wooks ~~g6: 170vor ·the . 
most recent period of 1~: filonths i'or ~~hich fic-.,uros r~re n.vnilo.blo1 Doqo;;11Jor 1972. 
to Docmr.bor 197 3 1 prices of i.rnportocl ;food o.rd foeding stuffs roso on ;•.vere',go 
by 42%11 • Dut Hrs. Hill i~as o..ddod: wrhc ov.:m:-..11 effect of EmC r:cr·1borship on •·· 
United Kingd.om food prices is currently cst:i.m<".tod o..t bet·docn or!o hnlf and 17~~~.· 
No'd cert('..inly i·rorld prices r.!c.y go do;m ac,nin. Tho fic:uros T h.'l.vt: 
ulroetdy \i(Jll ~1olm.r tho unprococlcntcd levels C.:\rlior this yc."':c. No one 
forocC~.st ther;~o <'.ccU.rr..toly too f.-:r in ;;.d vn.ncc;. But •)f one ·tJling I :--.,m qui;to . 
oortain: the dr,ys of c1HJnp food fr()n our tr[l.clit ion::-~1 suppl iors 0.cross tho 
SO.".S !'.ro oyo;'. \!o m·o li vinr; in tiJ:tos vrhcr0 tho terms of trr'.do :dil i.11 tho · 
long run continuo to favour those Hho h2.vo r<~.H ra:'..tori<'ls c.ncl food· to sol1 to~ 
<:m incrof'',S inc;ly cro~rclcd ~·.nd incror-.s inr,1y indust ri::..l is eel 1rror ld. 
And if th::.t is nm1 tho sucul0r trend 1 then our nml·-found 0-Ct'oss to 
rGnsoni'.bly st.:.~blo supplies of food :<.t ro::•.son:~bly st~blo prices ;,;UJ. surely 
prove of cnorr1ous v;:-;luo in ou.r fir.:ht :::>.gainst the rising cost of livinc; ;_~nd 
our ondorwours to improve our li vi.ng st.:.nd-:-1:r'd.s in the future. '.rho sh·wp urr 
ho0-vals on tho [;r:: .. in :'..nd sugo.l' w;:.:dcots rmd of oourso tho oil r,J;·,:'kct 2.ro in 
fr:cton~y OJdrQmO o~r:'.Llplc:s of this fundr>J.JC:ni;::\1 shift in c;lob:.:-.1 lJO..l",'~O..ining 
pm10r. Tho dror1gor is tlr~t industri"l countries l·rill be tomptud. oach to off-< 
loc ..d onto th<> rost those" IX'.ynor.ts de:fici ts 11hich nll of us uill ho incurring 
Hi th the priran.i·y producers. TJ)nt is h~-..ppcnil1c this vory twok in It:~ly high·~ . 
·lights this vory d.:.lnt?,or: if \JC: :-.rc not vory cr~roful v tho 1-:orlcl r,i·'.y slido into 
protoctionisn n.nd into i".n isol:-.. tionist \vi tlidr::..vw.l of interest nt'.ch to his o~'Tn 
littlo bn.cky:c.rcl.Yot it if~ juBt ~~.t such tinos of<lr:.ngor to tho \:10rlcl. economy 
- . ~ - -_- ~ -- -- -
. ·. . .· .... , .. uo ,!'').~~t l/ork .. ·ioeotho ,. t 0. cu' n;l ,, w.r.,;+. Bho>+: (l 00 <Jf connoi\ Hi, •• 
· t.nd otu'l'<.incios) ~ . ..;;,·.·.inrr~ 1momph1ynvnt :'.nd A'r;lls ih 1 tvincot:.J~dr·.:rdt; 1 t>.c;-:·.inrrt j,riflr•.timl nnd :::'oc:c.r.wion 'eonbincd. lionu of us o··.n dv~ 1 ;/ith thuL p1'oi1L;LJO :i.n 
i.sr.Jl·;'l,;i0!1. At mwh tj,l•:or: H vill :,,; vH·'.l for uo. to lJC p:xt, P•it juol: r)f :·. 
fl~oo tlY'.ding \}'t'\~r!(;\::hlUn't, but of tllt,;_.t; !'.~hols; COlilplox Hvb :J:f l<n~i;uJ. l~nq~rlccl.cv :•.!1d 
tnwliunl. ~:cljy.s·~ll9!tt, of Hol'ldnc together· :.1.nd -thinkinr;:; tog<..tlivr ···.!mnt tho futuro 
1 
<Jf invo~!-1l'}ft.\¢1$'o:thc>r n.ml frn•nul<:.·l;ing tocdlwr our stnnco to tlK rc:siJ of thu . 
\ft)l,'ld, ·on l:l01lOY 't:>.h<l·:or t;~,•0-dh on rd<1 r.nd ovol'se:ns invostmont 
1 
1\J:d oP thrJS0 1n·o".dcr · 
problQns of ;bh;:i jr:ode;i-1A,tr<:il~ld t.Jy·.t·ni11 pro:tou11dly condition tht· fuhu'(, ,,, not 
Oi1l;y· Of nur o6ouolill,0!3t ))Ut o.lso o,T 0\~i' filO?;ltrt.y 'lhich ou.:c ooonorJii~s oXiFJt to 
-,,_. 0 .,c 
·,. 
~- - - -_ ._ - - --
tho l'!IBCii3~~Jt~.~~}nJpf,(,~ {;oran1on mnvi(ot •. It ·is :.;, ·co!:u:mnity dodicr,_tod to 
undorst;tnding t11cl trl~tur-.lsuppory 1 ?.nd it is r..·.n ontity th"t 0:'-n ·-· :thon sj)o~;:l~s ::u:i.'th Co!;lfnon;vo)oc) ~ ~, 'lirt'.'-l:Kl up in. tho iio:d.cl. fo:f our .h:.tor( si8
1 
()u!; 
.:u;d ou:r iclr):,',ls. 'l'hr::t'is \Jhy H rn;:;ttors so much 'l;h:1,t 1'0 s:1,)Uld be pr:.rt of 
cdl,y. Th11.'t ;Je shouldi in <t positiv•;; spii'it, d0 :tll lfO c ..... n to 
furthu' it. .!.nd th:~.t lTD should bv c-.blo 1 in tho uncork,:i.n t :\.E;cs 
norJficle:n'C ly to count .on its support lJhon oc nocd it. 
So lot.· mo L:,st ly 1 r;!r. · Chc:.irmccn, rn.n[\'l for .:~ nomcmt beyond tho n<:.rroH 
'mf-l.ttm's of tr,..,clo r~ncl irwusi;rnc11t.- :C l~nmi th::;y h.ro ilnpbrto.nt; but hi the i;lOdorn .··· 
1·rorld l10YlC of US 1'1.1'0 :'\11 isl1".11d nnto oursol VOS 1 nor n.ro yoUP if;;i':;cch:~to prob1or:lS 
of exports ancl invostmont divorcod from thu rol::'.tions hot~rucn1. st:;tos as thG;y 
n.ffcct not orily tho 110rld trndc r>;nd. money systems btl.t the-r-;m:wrr\1 sc::1sc of or(io1~ 
· .. n.nd socurity irr tho .i:cirld. 
Jicvor in h'UJ'l<",n history h:--.v:: dJ. our countries bocn so intorcloponclcnt for 
. ~ljcir pr-osperity 7 so int.o1'depondont for their socuri ty 1 so hito;rdop8ridort{ fox'. 
thoil'·Very·surviw\l t.s. societies r:.s NO C.';rc tocl;:c;}'• This, as I soC ft
1 
is .the 
"t;)(i~rt'cl"U.Cid problou fox' our ccnor<'.t:i.on: if \TO f.::.i1 to tlo.stci' it tho vrorld 
could ql,liClc:J.Y x:ur:. dovn1il1to 1.\ n"'.sty oco110Ei~ic ::>.nd politic0-l shi,r!Jbl(;s. 'l1o 
. hnrn()SS this, j,ntdrdoponde:iwo ui th loy ... ,lty <' .. l'ld cor'lmonsense to our mutud bonofit 
. i~ Oilfho .. t th(J Cormmmity E:Jots out to do. Th:.~t is v:hy 1 ovor rend ~1l1ovo t11o purely ;~· '", : . _ ;hr::•.dc n,ncl i1wastmm1t. critori;:, 1 it • HLS on fu.!Jdnmcnk,l poltic;c;l [(PomKls . thc;t 
":• •· .. • co,pplicCl fOT'liltmlho:r·ship· iiJ.1961 .·'.lld "-[·;n.in in 1967. '11ho;t is l!hy \f\.' joined Jt 
:]'v> :: ·:).n:::]t yoo.r, i1.nd thd is Hh;y I loo!( forHnrd nou to . our holp:ir1~ to foi•g9 its 
· f\l_"curo ·in tho ycc.rs to como. 


Britain in the common market. Speech by Sir Christopher Soames, Vice-President of the Commission, at the Cunard International. London, 2 May 1974

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