ANOTHER TRADE TREATY

Evening Post, Volume CXVIII, Issue 9, 11 July 1934, Page 11

ANOTHER TRADE TREATY

BRITAIN AND LITHUANIA

MINIMUM QUOTA FOR COAL

(British Official Wireless.)

RUGBY, July 9,

The commercial agreement between the United Kingdom and Lithuania, which was signed on !in London, will coino into force ten days after the exchange of ratifications for the period ending December 31, 1036, after which it will be- subject to denunciation at six months' notico on either side. Lithuania obtains tho benefit of most-favoured-nation treatment for her exports to tho United .Kingdom,.' which is her most important market, and, owing to the operation of other trade agreements, this benefit is of considerable value to her. No new United Kingdom tariff concessions are granted. The United Kingdom undertakings in the treaty with; regard' to agricultural products are in accordance with the Government's general agricultural -policy. Reductions in' Lithuanian Customs' duties, notably on coal, coke, herrings, textiles; motor-cars' and motor-cycles, and iron and steel are granted, and undertakings are given with regard to the effect on United Kingdom trade of the imposition and operation of import restrictions and the operation of export restrictions in Lithuania. Lithuania undertakes that not less than 70 per cent, of her total imports of coal and 50-per cent, of those of coke shall be obtained from the United Kingdom. Lithuania also undertakes to encourage the use of British shipping in.the United Kingdom-Lithuania, trade, and to refrain from any action which would prejudicially affect existing British shipping in that trade so long as existing freight rates and services, are maintained. In the event of a substantial change being made, consultation before action is promised.