AUSTRALIA, N.Z., SOUTH AFRICA
AMERICAN’S VIEW OF TRADE POLICIES “HOMOGENEITY TOWARDS OUTSIDERS ” (Rec. » p.m.) NEW YORK, Jan. 15. Australia and New Zealand, which had been drawn together by the exchange parity of a depreciated £1 sterling, showed a first buying preference for Britain, a second preference for the sterling bloc, and, only after these were they willing to buy in the United States. This opinion was expressed by Mr Fred A. Weisenbach, a special representative of an American business organisation who has just returned from a six months’ tour of Australia, New Zealand, and South Africa.
He declared that a new nationalism, together with a new emphasis on industrialisation, were characteristic of those three countries to-day. In spite of their economic rivalry, these members of the British Commonwealth showed a definite homogeneity towards “outsiders.” However, opportunities for trade in South Africa were excellent because South Africa had ample supplies of foreign hard currencies and had few barriers to international trade.
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Press, Volume LXXXIII, Issue 25084, 16 January 1947, Page 3
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160AUSTRALIA, N.Z., SOUTH AFRICA Press, Volume LXXXIII, Issue 25084, 16 January 1947, Page 3
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