IN THE BALKANS

Greymouth Evening Star, 11 May 1934, Page 5

IN THE BALKANS

JAPAN’S NEW RIVALRY. Remarkable facts about Japan’s latm. drive in the Balkans are revealed by inquiries, says a special correspondent, in lhe “News-Chronicle.” For some time Japanese goods have been entering the Balkan countries at prices which represent a serious danger to the established export connections of other suppliers. Some time ago an cilice was opened at Agram, in Jugoslavia, by Japanese interests. It appears that Japan is prepared to take considerable quantities of grain, tobacco, salt, and oil, on condition that the supplying country grants corresponding import quotas and credit facilities are offered.

A number of Japanese ships have visited Balkan ports with large collections of industrial samples, and in some cases already with stock for sale. At Constanza, the Rumanian port, an entire shipload of Japanese merchandise Ims been offered “at exactly 50 per cent, of lhe price charged by British or German suppliers.” Rumanian importers, who showed their latest invoices and samples from Western firms, wore charged half that amount by the Japanese. 1 ir. dorsiand ilrnt negotiations have already started for exchanging Rumanian oil for Japanese merchandise.