TRADE EXPANSION

Wairarapa Times-Age, 20 May 1939, Page 11

TRADE EXPANSION

PROSPECT IN THE PACIFIC ‘ AND AMERICAS.

“I believe the best prospects of expanding trade are in the_Pacific and in the Americas,” -said Professor J. B. Condliffe, professor of economics at London University, in a recent broadcast talk. “These are the growing parts of the world. Population is increasing and economic organisation is still in need of the l capital equipment and developed manufactures 'of Europe. I should like to see the policy of Great Britain turned more toward the Pacific and a big effort made to supplement the Anglo-American trade treaty by triangular and multilateral arrangements in which the raw material and food-producing countries send more exports to Great Britain and Great Britain sends more of her manufactures to the United States, while the latter sends more of her goods to the developing countries. This seems to be the best way to tackle the problems or Australia and New Zealand. No trade treaty can help New Zealand much unless it provides for greater exports of butter. The United States finds it difficult to make concessions on butter because dairying development in the cotton South is hitting the older dairying districts like lowa and Wisconsin very hard. But if Britain could take greater imports of New Zealand butter and New Zealand would give concessions on American imports, the United Stales might give greater concessions to British exports. It is not easy to work out such triangular arrangements and it is impossible to do so if an attempt is made to safeguard every vested interest concerned.”