Home to 'mother.' (UK trade with its former colonies)

Article Abstract:

The UK's trade relations with Commonwealth nations have steadily declined in terms of importance since the UK's entry into the European Community (EC) in 1972. A key reason for this was the EC membership requirement that the UK dismantle the imperial system of trade preferences it maintained with members of the Commonwealth. Since then, the UK's trade with its former colonies and with the handful of territories still under its rule has declined in significance so that by 1990, the UK's trade with the Commonwealth accounted for just over 10% of total trade. However, a revival in economic links with Commonwealth nations may be in the offing. With the establishment of the single European market, several key Commonwealth nations such as Hong Kong and Australia have begun expanding their UK links, as a growing number of companies based in these states select the UK as an entry point into Europe.

United Kingdom, Commonwealth of Nations

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Count down to completion

Article Abstract:

There are worries that the preparations for the integration of the European Community members into a single market may not be completed in time for the Dec 31, 1992 deadline. Although 238 of the 282 measures making up the single market program had already been passed by the Council of Ministers, the remaining measures may not be adopted as easily. This is because the most difficult issues were left last on the agenda. Many finance ministers seem unperturbed by the nearing deadline, even as national legislatures take their time in implementing the measures passed by the Council of Ministers. Officials admit that there is still much to be done before the single market program will have been completed, but there have been significant accomplishments for the project to be called a success.

Cover Story, Economic policy, European Union

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Barometers of change

Article Abstract:

The integration of most of Europe into a single market is expected to have great impact on all aspects of European enterprise. The single market program will introduce new changes and challenges to all market sectors. Heavy industry, services industry, financial services, and high technology are the four areas most likely to experience complete transformation as they try to cope with stiffer international competition.

Functions related to deposit banking, Manufacturing industries, not elsewhere classified, Services, not elsewhere classified, Analysis, Manufacturing industry, Manufacturing industries, High technology industry, Financial services industry, Financial services, Influence, Services industry, Service industries, International competition (Commerce), International competition (Economics)

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