TRADE PACT.

Auckland Star, Volume LXVIII, Issue 3, 5 January 1937, Page 9

TRADE PACT.

| JAPAN-AUSTRALIA. "EMERGENCY NATURE ONLY." big demand for wool (By Telegraph.—Own Correspondent.) DUNEDIN, this day. "Trade between Japan and Australia was four to one in Australia's favour, and the reason I was sent out to the Commonwealth in 1934 was to try to equalise trade." So said Mr. K. Nihro, former secretary of the Bureau of Commerce in Tokyo, who arrived from Australia by the Tokyo Maru this afternoon. Through various circumstances and the recent trade embargo, Mr. Nihro has been in Australia for two years, and is now returning home after having negotiated for Japan the recent trade a S' cement between the two countries. "Japan is anxious to purchase more from good customer countries, and it wants to obtain a trade treaty -with Australia," he said. "Until the recent agreement none existed." Mr. Nihro emphasised that the present agreement was only of an emergency nature to restore trade relations promptly, and that a full agreement must wait- future negotiations. Japanese wool buyers, he said, were in Australia and would attend the wool sales, the first of which was to open yesterday. Japan had agreed to let 800,000 bales of Australian wool into the country, but at the end of 18 months -which the agreement covered there would be a demand for more wool, which would probably reach 1,000,000 bales. Although New Zealand might suffer temporarily, Japan was wanting more and more wool, and no doubt there would be just as strong a demand at the future Dominion sales.