TRADE WITH CANADA

Gisborne Times, Volume LXXIII, Issue 11952, 24 May 1933, Page 5

TRADE WITH CANADA

AGREEMENT EXTENDED FOR SIX MONTHS.

INCREASED BUSINESS ALREADY

N.Z. EXPORTS INCREASE 75 PER CENT.

Press Association)

WELLINGTON, May “8

Tho Minister of Customs, tho lit. Hon. J. G. Coates, announced to-day that the trade agreement between Canada and New Zealand had been extended till November 23 next. Tho existing agreement expired to-day.

Mr. Coates said that in view of the approaching World Economic Conference it was desirable that the status quo should be. preserve!, and that nothing should be done i > prejudice tlie deliberations of the london Conference.. The Minister said that the question of further agreement between Canada and New Zealand would in duo course require to come before Parliament. He felt sure that tho present friendly relations between the two countries would be maintained. “With respect to the actual trade between the two countries there has been an increase since the agreement took effect,” said Mr. Coates. “The figures for tho ten months’ trade before and after the agreement show that-whereas the value of goods sent by New Zealand to Canada during the former period was £145,000, the exports during the latter period amounted to £261,000, an increase of about 75 per cent. Tlie imports from Canada during the corresponding periods were £817,000 and £908,000 respectively.” An Order-in-Couneil gazetted to-day gives effect to the agreement between the •Governments of New Zealand arid Canada to extend the operation of the - trade treaty for a period of six months from to-morrow.