Abstract
The European Community is an important trade partner for Australia and New Zealand taking 15 per cent of Australian exports and 18.5 per cent of New Zealand exports, while supplying 23.5 per cent and 18 per cent respectively of their imports. However, there has been a dramatic transformation during the 1950s, 60s and 70s away from the UK as the dominant partner (tables 1 and 2) especially in the case of New Zealand where the UK's share of exports went from 66 per cent in 1950 to 13 per cent in 1980.

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