RECIPROCAL TRADE

Otago Daily Times, Issue 22807, 17 February 1936, Page 9

RECIPROCAL TRADE

A MEANS TO PEACE AMERICAN TREATY PROGRAMME (United Press Association) (By Electric Telegraph—Copyright) WASHINGTON, February 14. (Received Feb. 16, at 8 p.m.) The State Department to-day announced that the reciprocal trade treaty recently negotiated with Switzerland would become effective immediately. Such agreements now total 10 and they include treaties with Cuba, Belgium, Haiti, Sweden, Brazil, Canada, Netherlands, Honduras and Columbia. The later negotiated, but not yet operative treaty with Switzerland grants a duty * reduction on many American agricultural products and manufactured goods, enlarges quotas and promises no increased duty on others. American concessions to Switzerland consist principally of duty reductions on watch movements, certain dyes, cheeses and textile specialities. In a radio address to-night Mr Cordell Hull indicated that the Administration was prepared to press a reciprocal tariff treaty programme and he stressed the vital bearing of economic affairs on matters of war and peace. He said that if the -world’s economic affairs could be made to prosper by wise domestic management in each country and by a beneficial interchance of trade between them, then the fears and mistrust that beset the nations would diminish and the peoples would hearken correspondingly less enthusiastically to their leaders who called upon them to vindicate themselves in war.