DECLINE OF TRADE.
CONCERN IN AUSTRALIA. DEALINGS WiTH NEW ZEALAND. CANBERRA, April 22. The serious decline in trade between Australia and Mew Zealand in the past five years is causing concern to the Commonwealth Government, and an investigation is to be rr.ade at nn early date to discover a means of improving the position. Whereas in 11325-26 Australia exported goods worth £5 157,000 to New Zealand, the total value of exports in 1930-31 had fallen to £2,970,000. A corresponding decline is evidenced in imports from New Zealand.
One factor in the loss of trade by Australia is said to be New Zealand's increased grain imports from Canada. The appointment, of an Australian trade commissioner to Sew Zealand is being strongly urged 1 ere. It is officially stated that Australia is. losing trade in the Southern Pacific Islands owing to New Zealand trade development.
It is regarded as possible that a trade treaty with New Zealand will be discussed after the Ottawa Conference.
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Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21165, 23 April 1932, Page 11
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162DECLINE OF TRADE. New Zealand Herald, Volume LXIX, Issue 21165, 23 April 1932, Page 11
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