EMPIRE TRADE PLANS
CONFERENCE URGED (Rec. 10 p.m.) LONDON, Aug. 27. “The time is ripe for a Dominions’ economic conference to plan the development of mutual trade, and the British Government should call it without delay,” says the Communist “Daily Worker.” “The abandonment of convertibility has brought about a new situation. The attempt to impose American conceptions of international trading on a reluctant world has for the moment broken down, and now is the time for Britain and the Dominions to discuss long-term arrangements. “While the Imperial preference system, as the Tories elaborated it before the war, is preferable to free trade, it had many weaknesses. It consisted of a, series of short-term and in some cases short-sighted bargains about individual commodities. There was insufficient study of the Dominions'needs to ensure that British exports came up to requirements, and an insufficient guarantee to Dominion agriculturists to undertake long-term expansion of production to meet Britain’s needs.
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Press, Volume LXXXIII, Issue 25274, 28 August 1947, Page 7
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155EMPIRE TRADE PLANS Press, Volume LXXXIII, Issue 25274, 28 August 1947, Page 7
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