EXPANSION VITAL

Gisborne Herald, Volume LXXV, Issue 22622, 27 April 1948, Page 5

EXPANSION VITAL

EUROPEAN TRADE RESTORING ECONOMIES CO-OPERATIVE PLANNING (11 a.m.) GENEVA, April 26. Professor Gunnar Myrdal. Sweden, the executive secretary, in opening the third session of the Economic Commission for Europe, said that if the Marshal) Plan in the West and the Molotov and other plans in the East were to succeed internal European trade must develop and agriculture must outstrip the pre-war level Pre-war standards could not be restored unless iron, steel, machinery and chemicals were supplied to the agricultural countries predominantly In Eastern Europe which could, in turn, supply foodstuffs to Western Europe. Professor Myrdal emphasised that Europe’s economic recovery must be planned on an all-Europe co-operative basis. Such measures were urgent. They could easily be too little and too late. Twenty-seven nations arc attending the conference—all the European countries, except Spain and Portugal.