SOVIET TRADE.

Press, Volume LXVII, Issue 20415, 9 December 1931, Page 11

SOVIET TRADE.

MENACE OF EXPORT POLICY. (Received December Bth, <3-5 p.m.) LONDON, December 7. The Chamber of Commence, in a report on Russian trade, emphasises thriu tho nations must consider their nttitudo towards ItuSia, whose enormous wealth is rapidly materialising. The report says that it is impossible to cut Russia out of the community or nations whatever her politics nifty be. The Five Year I'lan progresses in P r0 ~ duction so that Russia may in a, ievv years be the world's greatest prciducei of oil, coal, pig iron, steel, tia } t ?cr, chemicals, grain, sugar, furs, co » and dairy produce. She .may ' 3C , to undersell any country if allowed continue her present export P o ' l^*,. Great Britain cannot, tolerate t - existing unequal trade balance especially when Russia's payments for oxports to England are used to buy tools from England's competitors. To regulate our trade with I?UH . s ' a bv tho amount-she buys here is vn tualty the recommendation of i' ie ■ cinted Chambers of Commerce Committee. The re'oomniendation P°"\ out that Russia's trade is »earjy at the pre-war level, but there been a disproportionate increase in tish purchases. ,It dismisses tl iety concerning butter maY admits that in a few years Russia, tnny bo one of the greatest of the wqrl grain producers, and be able ~ ■ sell all others if the present policy allowed to continue.