LIBERAL TRADE

Evening Post, Volume CXXVI, Issue 150, 22 December 1938, Page 9

LIBERAL TRADE

POLICY FRAMED

PAN-AMERICAN CONGRESS

REASONABLE TARIFFS

(By Telegraph—Press Association—Copyright.) (Received December 22, 10.50 a.m.) LIMA, December 21. The chief event of the first week of the Pan-American Congress was the unanimous adoption of a resolution accepting a liberal trade policy, including reasonable tariffs, in view of the fact that Brazil and Chile have been arranging barter pacts with Germany. The resolution is regarded as an important recognition of the fact that the Anglo-American trade agreement offers other methods of trade balancing. The Argentine delegation is drafting a proposed declaration aiming at the consolidation of the machinery for peace in America, consisting at present of ten treaties binding twenty-one republics. The United States circulated a draft asserting that the twentyone republics reaffirm their solidarity against any foreign threat to American safety and peace. The Argentine delegation is opposing this as being too binding. ___________