ABSTRACT
I THE ORIGINAL PROPOSAL FOR A PACIFIC FREE TRADE AREA The establishment of the European Economic Community was a major event of the 1960s. It has not only had a significant impact on international trade and investment but also wrought a profound change in world balance of economic power. The emergence of an enlarged European Community will have an even more profound influence in shaping the world of the 1970s. No country can ignore its existence and its policies.
