TRADING CONDITIONS ABROAD

Otago Daily Times, Issue 22063, 20 September 1933, Page 8

TRADING CONDITIONS ABROAD

NEW ZEALAND’S POSITION NEW MARKETS ESSENTIAL. (Pee United Press Association.) WELINGTON, September 19. « There is frozen isolation taking place, not only in the United States, but also in European countries. There is growing up a policy, of economic nationalisation and independence which makes it very difficult to bring about trade treaties.” said Mr R. Masters, speaking as Minister of Industries and Commerce at the Citizen’s welcome to-night to the World Conference delegation. “In every country in Europe,” said Mr Masters, “there are quotas, quantitative restrictions, high tariffs and in many cases total prohibitions of certain goods. However, when we come to finalise what wo did I think it will be found that wo have paved the way for better overseas trading conditions. The time has come when we must get out of the rut and seek out new markets for our products. We have been producing and producing; now we must extend our markets. Almost every foreign country has a credit balance with New Zealand and the time has come to do away with this one-way traffic and establish a two-way traffic.” Mr Masters said he was of the opinion that a very serious responsibility devolved upon the various export hoards in New Zealand to explore every avenue that might lead to an extension of the markets for the Dominion’s products.