IMPORTANT TALKS

Manawatu Standard, Volume LVIII, Issue 48, 25 January 1938, Page 7

IMPORTANT TALKS

BRITAIN AND AMERICA. TRADE PACT NEGOTIATIONS. EILLIP TO PROSPERITY. (United Press Association—By Electric Telegraph.—Copyright.) (British Official Wireless.) Received January 25, 10.35 a.m. RUGBY, Jan. 24. Speaking at Liverpool to-day, Mr Oliver Stanley (President of the Board of Trade) referred to the negotiations for a trade treaty with the United States. “In the next few weeks,” Mr Stanley said, “we are entering the most important phase of the negotiations for the most important trade treaty which this Government, in its seven years of office, lias undertaken.” - Mr Stanley added: I am told by critics that it is not going to be a trade agreement but a political agreement. 1 do not deny that any friendly intercourse with the United States, or any sign to the world of any common interest and friendliness between the United States and ourselves, is bound to have the highest political importance. But these negotiations are entered into on both sides because we both believe we can, in a commercial treaty, contribute to the commercial prosperity of our two countries and the world in general. That is what our negotiators will seek when they leave for America in a few days. 1 believe it is possible for them to bring back a trade treaty which will benefit both the United States and Britain, and lead to a greater flow of trade between the two countries and provide an example in lowering trade restrictions throughout the world.