EMBARGO i NOT TO BE PUBLISHED OR BROADCAST BEFORE  MIDNIGHT, SUNDAY 28th'MAX, 1972

STATEMENT BY THE MINISTER FOR NATIONAL DEVELOPMENT

The Minister for National Development (MrÂ» Swar-hz)

will confer with Japanese Government and industry leaders

next month on future Japanese requirements of and attitudes

to the import of Australian natural resources.

At the same time,he will stress Australia’s

policy on resource development here.

Mr. Swartz said yesterday it was essential to

keep abreast of Japan’s needs and plans. The interests

of both countries in the natural resource area were so

involved that regular discussions in Japan were imperative.

Mr. Swartz said that the economic situation in

Japan had affected many companies producing and exporting

natural resources and there was some uncertainty as to

when the Japanese market would regain its strong growth

rate.

His talks would canvass this area, minerals exports

and natural gas and uranium, in which the Japanese had shown

considerable interest.

Mr. Swartz will leave on June 6 and will be

accompanied by the Secretary of the Department of

National Development (Mr. Lloyd Bott)

EMBARGO i NOT TO BE PUBLISHED OR BROADCAST BEFORE  MIDNIGHT, SUNDAY-28th MAY, 1972

