In Tokyo, trade ministers from the United States, Canada, Japan and the European Economic Community (EEC) met on February 11 to discus ways of preventing protectionism in world trade.
GV Delegates seated at table during summit
SV Japanese delegate, Industry Minister Sadanori Yamanaka at table
CU United States negotiator William Brock
SV EEC Trade Minister Wilhelm Haferkamp, in centre, with glasses, at table
SV Gerald Regan, Canadian Trade Minister
GV Delegates at table
GV Photographers and reporters at press conference
GV Minister Yamanaka makes opening speech as delegates listen (3 shots)
CU William Brock speaks (SOT)
GV Yamanaka shakes hands with Brock. They take seats and sign joint commnique (4 shots)
SV Yamanaka and Brock stand up, shake hands and exchange papers
SV Etienne Davignon, Vice-President of the EEC, speaks at news conference (SOT) (2 shots)
TRANSCRIPT (SEQ 9):
BROCK: "...... will be aired, whether protectionism is containable or not by any one of us. It\s one of the reasons why we had this meeting, how we can collectively acct in our common belief that is the wrong way to go. I can only state very clearly the policy of President Reagan and his administration and that is very simply that we do ont intent to allow protectionism to become a dominant force in American politics."
DAVIGNON (SEQ 12): "The first element is that the Japanese recognise, that for an industry to be competitive, in this area, there is a critical mass of production that has to be attained. Because the investment is important, and if you don't have the numbers, however competitive you might be, you just can't do your amortisation. So the Japanese said, we understand that for a European industry to be competitive, with us, it must be assured of being able to produce and sell in the community, one-point-two million VTRs (Video Tape Recorders)".
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Background: In Tokyo, trade ministers from the United States, Canada, Japan and the European Economic Community (EEC) met on February 11 to discus ways of preventing protectionism in world trade. The conference was called by Japan's International Trade Minister, Sadanori Yamanaka, who said that increasing protectionist pressure threatened the world's free trade, which was vital to economic recovery. Also present were the United States trade negotiator, Mr. William Brock, European Community Vice-President for External Affairs, Mr. Wilhelm Haferkamp, and Canadian Trade Minister, Mr. Gerald Regan. Mr. Brock said that although protectionist pressures remained strong, President Ronald Reagan was committed to resisting them. He added that there were signs of an economic recovery in the United States, which could spread to the rest of the world. On February 12, the European Community Vice-President for Industrial Affairs, M. Etienne Davignon, announced that Japan had agreed to voluntarily limit the export of video-tape recorders to the community to four-million-five-hundred-thousand. this figure, about the same as that for last year (1982) would permit European firms a market share of about one-million-two-hundred-thousand video sets. Japan also agreed to limit exports of television sets, machine tools and motor vehicles to moderate amounts, he added.