JAPANESE TRADE WITH CHINA

Press, Volume XCIII, Issue 27989, 8 June 1956, Page 11

JAPANESE TRADE WITH CHINA

Efforts For Increase (Rec. 9.15 p.m.) TOKYO, June 6. Japan’s Minister of International Trade and Industry (Mr Tanzan Ishibashi) today said that Japan, like Britain, must make greater efforts to increase trade with Communist China. Mr Ishibashi was commenting on yesterday’s London announcement that the Governments of Malaya and Singapore now have discretion to export to Communist China goods of potential military value—especially rubber.

Mr Ishibashi said the Japanese Government had decided to make more constructive use of the “exception procedure system” involving the shipment of products banned for export to Communist countries. The Minister said he was in favour of talks between the two countries to arrange a satisfactory system of payments for goods. He said this could be done through connexions between the Bank of Tokyo and a Soviet Union bank.

Mr Ishibashi said the Government had given permission to private traders to exhibit many of the restricted export items at Japanese trade fairs due to be held at Peking and Shanghai later this year

The Minister said that in view of the British decision. Japan hoped that she would be allowed to increase her exports to Communist China—at least to the level already authorised for the Soviet Union.