WORLD TRADE

Greymouth Evening Star, 18 October 1946, Page 7

WORLD TRADE

AUSTRALIA’S PRINCIPLES ENUNCIATED FULFILMENT OF OBLIGATION (Rec. Noon.) LONDON, Oct. 17. The leader of the Australian delegation, Dr. H. C. Coombs, made a five-point statement of the principles of Australia’s international trade policy at the second plenary session of the preparatory committee for international trade and employment. The points in his statement were as follows: — 1. Member Governments should undertake measures to ensure within their own borders full employment to give their people the means of buying the products of their own and other countries. '2. Member Governments should undertake to enable their people to buy the products of other countries up to the limit of their national resources. 3. Member Governments should undertake to develop fully their resources, enabling them to become a valuable part of the world economy. 4. Member Governments should jointly and severally take action to protect primary producers against violent fluctuations of prices, and incomes. 5. The rules and structure of the international organisation for the government of international trade should be so framed as to assist member Governments to fulfil their obligations. . Only on these conditions, he said, could the organisation be established on just and secure foundations. Mr. Clair Wilco, stating the United States policy, declared that unless the task of economic reconstruction could be brought to ’Completion, there could be no advance in nutrition, health, culture, or the establishment of political order.