DECLINING TRADE
CONCERN IN AUSTRALIA INVESTIGATION TO BE MADE (United Press Association.) (By Electric Telegraph—Copyright.) CANBERRA, April 22. The serious decline in trade between Australia and New Zealand in the past five years is causing concern to the Commonwealth Government, and an investigation will be made at an early date to discover means of improving the position. * Whereas in 1925-20 Australia exported goods worth £5,157,000 to New Zealand, the total value of the exports in 1930-31 had fallen to £2,970,000. A corresponding decline was shown in the 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 New Zealand is being strongly urged here. It is officially stated that Australia is losing trade in the southern Pacific islands as a result of 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
Otago Daily Times, Issue 21627, 23 April 1932, Page 11
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167DECLINING TRADE Otago Daily Times, Issue 21627, 23 April 1932, Page 11
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