EARLY BUDS

Dominion, Volume 12, Issue 225, 17 June 1919, Page 5

EARLY BUDS

SWEDES OUT TO CATCH BALTIC TRADE. Having reaped largo profits from its war trade, Sweden is making preparations for assuming tho role, of nil international commercial broker throughout the period of reconstruction in Russia, Germany, Finland, and the new countries along tho south-eastern Baltic coast. This is to bo accomplished by means of making three of Sweden's scacoast cities freo ports and converting them into transit points of trade between the United States, South and Central America on the one hand, and Germany, Russia, Poland, and other Baltic countries, on the other. Warehouses are being constructed in the free ports' where merchandise and raw materials of every description may bo landed duty free and stored' for reshipment to the commercial centres around the Baltic. According to officials of tho Swedish-American 'Chamber of Commerce in the Produce Exchange, direct steamship routes have been established between Sweden and 'the United States to handlo this traffic. Moreover, several commercial syndicates have been organised to buy foreign goods and raw materials and resell in the Eastern Euro-, pean market. Malnio, in Southern Sweden, is a free port at present. The necessary legislation has been enacted to make Stockholm, the capital, and Gothonborg free ports. These three cities are to serve as the principal transit points in the trade between the American raarkot and the Russian, German, Polish, and Finnish markets. Swedish commercial agents are ready to establish themselves in the principal commercial centres of these countries as soon as political and economic conditions permit.