POST-WAR TRADE

Wairarapa Times-Age, 28 October 1943, Page 4

POST-WAR TRADE

CANADIAN & AAIERICAN VIEWS INTERNATIONAL AGREEMENT DESIRED. WITH PROGRESSIVE REDUCTION OF TARIFFS. ißy Telegraph—Press Association— Copyright) NEW YORK, October 26. Four conditions needed to develop world trade were outlined by the Canadian Prime Minister, Mr. Mackenzie King, in a message to the National Foreign Trade Convention. These were, first, international relations similar to those existing between Canada and the United States and the countries of the British Commonwealth. Secondly, an international agreement for progressive annual reduction of tariffs till agreed levels are reached. Thirdly, international inery for monetary stability and.4H|H Fourthly, domestic policies maximum employment and production and the prevention of inflation. Mr. King declared that if these conditions were realised they would prove a boon to mankind. He concluded, “There cannot be too much trade between nations. We recognise that accepting exports from other lands *is the only way to secure markets for our own surplus production.”

A reduction in excessive restrictions on commerce and the forgoing of practices which would injure others and divert commerce from its natural channels was advocated by President Roosevelt in a message to the convention. He added: “In her own interest, America after the war must join others to promote the v/elfare and. security of the whole world.” The president of Pan-American Airways, Mr. Juan Trippe, addressing the convention, urged the establishment of a single strong international air line owned and controlled by all United States transportation interests to compete with foreign air transport monopolies in the post-war “air age.”