Business Abroad: Energy for New Zealand

Three months ago, when Britain decided to apply for membership in the European Common Market, none of the Commonwealth nations was quite so dismayed as tiny New Zealand. The prospect that joining the Common Market might force the British to raise their tariffs on Commonwealth agricultural products spelled major trouble for New Zealanders, who import virtually all their manufactured goods from Britain, pay for them with exports of wool, meat and butter. (About 35% of the butter Britons eat comes from New Zealand.) Last week New Zealanders heard more cheering economic news:...

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