BRITISH TRADE WITH U.S.

Press, Volume LXXIV, Issue 22310, 26 January 1938, Page 11

BRITISH TRADE WITH U.S.

NEGOTIATIONS FOR TREATY

SPEECH BY PRESIDENT OF

BOARD OF TRADE

(BRITISH OKi-'H'IAI. WIRKI.KSS.)

RUGBY, January 24

'Speaking at Liverpool to-day, the President of the Board of Trade (Mr Oliver Stanley) referred to the negotiations for a trade treaty with the United States.

"In the next few weeks," he said, "we will be entering the most important phase of the negotiations for the most important trade treaty which this Governme: ';, in its seven years of office, has undertaken. "I am told by :ritics that it is not going to be a trade agreement, but a political agreement," continued Mr Stanley. "I do not deny that any friendly intercourse with the United States, or any sign to the world of any common interest and friendliness between the United States and ourselves, is bound to have the highest political importance. These negotiations are entered into on both sides because we both believe . e can. in a commercial treaty, contribute to t:.e commercial prosperity of our two countries and th world in general. "That is what our negotiators will seek when they leave for America in a few days," he added. "I believe it is possible for them to bring back a trade treaty which will benefit both the United States and Britain, lead to a greater flow of trade between the two countries, and provide an example in lowering trade restrictions throughout the world.'