FOREIGN TRADE

Hawke's Bay Tribune, Volume XXIII, Issue 105, 15 April 1933, Page 7

FOREIGN TRADE

BRITISH NEGOTIATIONS SATISFACTORY PROGRESS MADE. BENEFITS ANTICIPATED. (British Official Wireless.) (Received 14, 10.30 a.m.) RUGBY, April 13. A wide range of new trade agreements was indicated by the President of the Board ol Trade in the House of Commons late hist night. Following is a summary of the results so far reached. i iic Argentine m gotiatmns are proceeding satisfactorily and there is hope of a satisfactory outcome in the near future. Sweden: A basis of agreement will be submitted to Parliament shortly after Easter. Norway and Denmark: The heads of agreement have been reached with a prospect of a considerable expansion of trade. Germany: -This agreement will go a long way towards doubling the amount of British coal exports to Germany. British duties on certain German goods are to be reduced. The agreements are expected to be ratified as soon as possible after Easter. The Rt. Hon. W. Runciman said that the agreements would benefit the exporting areas and a wide range of British industries. Concessions had, of course, been made, but the Government had taken into consideration the interests of the country as a whole. Mr G. I.ansbnry welcomed Mr Runciman’s statement.