NOT ONLY JAPAN

Northern Advocate, 10 July 1935, Page 8

NOT ONLY JAPAN

CHINA IN THE PICTURE j ' TRADE WITH THE EAST. NEW ZEALAND PROSPECTS. \ LPer Press Association. — Copyright.! WELLINGTON, This Day. . While from time to time emphasis has been placed on the potentialities of trade with Japan, China should also not be overlooked, according to Mr Edward C. Carter, Secretary-General of the Institute of Pacific Relations, who is visiting Wellington. In an interview yesterday, Mr Carter expressed the opinion that it will pay producers to watch the trend of the dairy produce and wool both in China and Japan. “I should say that as long as Britain remains the largest customer of both Australia and New Zealand,, it would be hardly accurate to say that the centre of Australian and New Zealand trade has transferred to the Far East,” said Mr Carter. “Nevertheless, there is a striking trend in the direction of developing Australian trade both with China and Japan, ,and in talking with members of the Commonwealth of Australia Advisory Committee on Eastern trade, I discovered that they recognised this fact, and further that they recognise that, whereas Australia’s increasing possibilities of trade with Japan had been given wide publicity, sufficient emphasis had not been placed on the possibilities of greatly increasing Australian trade with China. China’s purchases of wool seem to be increasing steadily, and it will pay producers here to watch the trend of dairy produce and wool in both China and Japan. Increase Possible. “It will probably be unsound to expect a spectacular increase in either New Zealand or Australian trade v/ith the Far East in the next five years, but with the right kind of contacts between New Zealand and Australia on the one hand and China and Japan on the other, an increase .can safely be predicted. “In view of the degree to which the European countries, by the use of scientific methods, are becoming selfsupporting, it may be that the • time will copie when New Zealand will have to give far more attention to the Dutch East Indies, India and British India than has been necessary in the past. To this end • greater contact, both commercial and cultural, between New Zealand and Asia seems not only desirable, but also inevitable. Emphasis on the quality which New Zealand has stressed both in exports and in its social institutions and education is bound to inspire confidence among the people of Asia, who are emphasising more and more the standardising of goods and the improvement of the political and educational structure of their countries. “No single item in America’s foreign trade in the last 30 years has been “more striking than the steady growth of her trade with the Far East, and the most striking percentage of the growth has been in her trade with China. While America’s European trade has been shrinking, her Asiatic trade has been advancing. That does not necessarly mean that. New Zealand will follow the same course, but it is interesting to discover that thoughtful New Zealanders are watching this process closely to see what meaning it may have in the next 20 years of New Zealand’s relationship with the Far East.” - / /