Argentine v. United States

Manawatu Times, Volume 64, Issue 40, 17 February 1939, Page 7

Argentine v. United States

RESENTMENT OVER TRADE TREATY FAILURE Received Thursday, 8.30 p.in. NEW YORK, Feb. 16. What is interpreted as evidence of Argentine resentment at the United States' failure to negotiate a reciprocal trade treaty with the Argentine and a continuation by the United States of the quarantine which prevents the entry of Argentine beef into the United States is seen in the Argentine Finance Minister’s announcement that imports from the United States would be increasingly curtailed in order to reduce the Argentine's adverse trade balance with the United States. This step, along with the recent exchange restrictions which favour Britain, is expected seriously to reduce American sales to the Argentine. Further light on the situation between the two countries is shed in a paid advertisement appearing a Buenos Aires newspaper under the Minister of Finance’s signature, pointing oat that the Argentine is dedicated to a policy of bilateral trade treaties and cannot, therefore, accept the United States' proposal for & trade treaty of the multilateral most-favour-ed nations type. The advertisement also states that the Argentine will buy from the United States or any other country goods equivalent to their purchases in the Argentine minus the amount necessary to meet debt payments to each country.