RECIPROCAL TRADE AGREEMENT

Taranaki Central Press, Volume IV, Issue 344, 27 January 1937, Page 5

RECIPROCAL TRADE AGREEMENT

BRITAIN AND U.S.A.

RUNCIMAN'S VISIT

Week-end Conversations With President.

Press Association—Copyright. Washington, Jan. 2S.

The participants said that an agreement in principle in regard to, the desirability of negotiating a reciprocal trade agreement between the United States and the United Kingdom has been reached as a result of the weekend conversations between President Roosevelt and Mr. Runciman, President of British Board of Trade, today. Progress was so encouraging that Mr. Runciman delayed his departure for England by one day in order to engage in a further talk. This may result in an announcement of the Government’s agreement that the basis exists for the negotiation of a treaty. Mr. Runciman said the general objectives of both Governments were the same. Both countries wanted a greater degree of An-glo-American commerce. Mr. Cordell Hull, Secretary of State, was exceedingly optimistic and said that a complicated situation had been clarified more speedily than was expected. Mr. Runciman now intends to leave by the Aquitania from New York on January 28.