Import controls
Sir,—All comments on import controls have overlooked the fact that with a true exchange rate the cost of imports would rise. There would not, therefore, be a situation where our domestic market would be flooded with cheap imports. The main reason for having a true exchange rate is to enable our exports to earn their true value on world markets and at the same time cause the cost of imports to rise, thereby protecting our domestic industries from undue overseas competition. The end result of this policy would mean a far sounder and healthier economic situation.— Yours, etc., D. McKINNON, Chairman, Canterbury,Westland, N.Z. Party. April 26, 1984.
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Press, 27 April 1984, Page 12
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109Import controls Press, 27 April 1984, Page 12
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