TRADE BARRIERS.
The council lists trade barriers, called into being" by the depression, which, are extremely harmful to international trade: — (a) Prohibition of importation, and direct Protectionism. „ : (b) Fixed quotas of importation. (c) Government subsidies. . (d) Foreign exchange control. Unilateral or collective abolition of these trade barriers, as the situation improves, is urged, without delay. Endorsing the principle of most-fay-oured-nation treatment- agreements, the council urges that these remain open to the signature of any country which is ready to assume tho obligations of the participating . countries. Such agreements should be carried out on a long-term basis. '
The council is convinced that gold can provide Iflie most suitable basis for a stable international monetary system, and recommends a general return to the gold standard. Countries with fluctuating exchanges should stabilise them on whatever parity may be deemed suitable. A system of central banking, preferably through the Bank for International Settlements, is recommended, also measures to permit a better distribution and utilisation of existing and future stocks of monetary gold.__
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19330406.2.48
Bibliographic details
Evening Post, Volume CXV, Issue 81, 6 April 1933, Page 11
Word Count
168TRADE BARRIERS. Evening Post, Volume CXV, Issue 81, 6 April 1933, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in