AMERICAN GOODS

Wanganui Chronicle, Volume 83, Issue 41, 18 February 1939, Page 7

AMERICAN GOODS

CURTAILMENT OF PURCHASES BY ARGENTINE. LONDON, Feb. 16. What is interpreted as evidence of Argentine resentment at the United States, failure to negotiate a reciprocal trade treaty with the Argentine and the continuation by the United States of the quarantine which prevents the entry of Argentinian beef into the United States, is seen in the Argentine Finance Ministry’s announcement that imports from the United States would be increasinglycurtailed in order to reduce the Argentine's adverse trade balance with the United States. This step, along with the recent exchange restrictions which favour Britain, is expected seriously to reduce American sales to the Argentine. Further light on the situation between the two countries is shed in a paid advertisement appearing in a Buenos Aires newspaper under the Minister of Finance’s signature pointing out that the Argentine is dedicated to a policy of bilateral trade treaties and cannot therefore accept the United States proposal for a trade treaty of a multilateral most-favoured nations type. The advertisement also states that Argentina will buy from the United States or any other country goods equivalent to their purchases in the Argentine, minus the amount necessary to meet debt payments to each country.