COMMERCIAL AGREEMENTS

Otago Daily Times, Issue 22203, 5 March 1934, Page 9

COMMERCIAL AGREEMENTS

l i THE PRESIDENT'S PLANS

: JADtANTAGES -OF REciPROCITY;

WASHINGTON, March 2

* President: Roosevelt. to-day " asked Congress for authority to modify the tariff rates in negotiating commercial agreements with other nations. " I am requesting Congress \) to authorise the executive to enter into commercial agreements with foreign nations, and/in pursuance thereof, within carefully guarded limits, to modify the existing duties and import •■ restrictions,; ih; i such way. .as will' benefit agriculture:and industry in the United' States," declared."the President. He stated that.other Governments, to an increasing extent, were "winning their share of international trade: by negotiating trade agree!"ments." -'■.■; *" . ..■ ' The tariff bargaining; experiment is proposed to Congress with the : assurance of the Democratic; Leader's supwith.a bitter partisan debate promised on' the ancient political issue. WASHINGTON, March 2.

(Received March 3, at 5 p.m.) The" Administration Bill, which , has been introduced in the House of Representatives, the • ■ President to negotiate reciprocal agi"eements and provides- that agreements, may be terminated within three years, but it is stated that they could also be extended indefinitely.