Great Britain's desire to join the Common Market has given a fresh impetus to the plans of a Pacific-Asiatic free trade area. Members of PAFTA are to be Japan, the United States, Canada, Australia, and New Zealand. By means of an economic integration of these nations, particularly Japan is...

The establishment of the EEC was a major event of the 1960s. It has had a significant impact on international trade and investment and has wrought a profound change in the world balance of economic power. The emergence of the enlarged EEC and the implementation of a Pacific Free Trade Area...