“Symbol Of Recovery”
(Rec. 11.30 p.m.) LONDON, Aug. IX London', "Financial Times” today said Japan's admission to G.A.T.T. was the “outward symbol of Japan's recovery of status as a commercial nation, trading on equal terms with all the rest.** But in practice it made no decisive difference to the treatment of Japanese exports in the markets of the world. The “Financial Times” said that the right to the most favoured nation treatment which Japan would now be given as a member of GATT- would not of itself open up suddenly a great number of fresh outlets for Japanese exports that hitherto had been closed. “Indeed, it may well be that the obligation placed on Janan not to discriminate against the trade of other GATT members, will prove to be just as important as the benefits which she will receive from their non-dis-crimination against her.”
Egyptian-Soviet Deal.—The Eyptian Government has announced a barter agreement for exchanging Egyptian rice and cotton yarn for Russian oil and Rumanian kerosene.—Cairo, August 11.
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Press, Volume XCII, Issue 27736, 13 August 1955, Page 7
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168“Symbol Of Recovery” Press, Volume XCII, Issue 27736, 13 August 1955, Page 7
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