Politics | 1950 | Sound | B/W
Opening sequence, two men having tea sit around table discussing the problems and concepts around the Common Market or the European Community or the EEC or EC, and the free trade area. Campbell Fraser interviews Andrew Shonfield. Campbell Fraser (Strong Scottish accent) states that tariff changes have themselves led to a tremendous growth in the common Market. Shonnfield states his view that change has been going on prior to the introduction of tariffs. New kind of organization between private capital and government now exists. Common Market. Brussels. "The Common Market is different from say the United States", Fraser. "Analogy with U.S.A. misleading", non federal view, Shonfield. For Shonfield a conscious and deliberate attempt to push countries in a certain direction. "Is there any difference in action between the free trade association and the Common Market?", Fraser. "Common Market knows where it is going, Free Trade Association does not know where it is going", Shonfield. For Fraser Britain has one advantage that the Common Market does not have, Britain has a Commonwealth. Shonfield, "Our markets in the Commonwealth are not growing at the pace of our markets in Europe. Trade in the Commonwealth continues is in fact diminishing. Our choice is not to play around with Europe but to go in head first".
Fraser, "Surely there are problems with Britain joining the Common Market". Shonnfield, "It is possible that through Britain the Commonwealth can gain access to European markets". However the Common Market is for advanced countries, the Commonwealth was built for countries coming of age. It is possible that in the first stages of our common Market membership we will import more than we export. Another risk is that our balance of trade may deteriorate in the initial stages of membership". Fraser, "Can we really afford to join the common Market?". Shonfield, "Despite the fact our balance of payments may be aggravated, I think it is a risk we've got to take". Fraser, " What does the individual British firm do?". Shonfield, "The big British companies the ICI's, the Unilevers, the Dunlops are sitting very pretty". Frazer, "You sometimes say you are an economic nationalist and that British firms should build their factories in Britain. Is this possible if there isn't an agreement between the Free Trade Association and the Common Market?". Shonfield, "The only way to do this is to have a free outlet and a free inspiration from Europe. If we don't get into this we will tend to become an industrial slum".
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