TRADE RELATIONS

Otago Daily Times, Issue 23353, 19 November 1937, Page 10

TRADE RELATIONS

BRITAIN AND AMERICA NEGOTIATIONS EXPECTED (United Press Association) (Bv Electric Telegraph-Copyright) NEW YORK, Nov. 18. (Received Nov. 19, at 0.15 a.m.) Mr Bertram Hulen, a member of the Washington staff of the New York Times, in an exclusive article, says an announcement" that Britain and America are contemplating the negotiation of a reciprocal trade agreement is expected at any moment following a conference at the State Department this afternoon between Sir Ronald Lindsay, British Ambassador, and the Assistant Secre tary of State, Mr Francis B. Sayre. It will be the climax to Mr Cordell Hull’s programme of liberalising in ternational trade relations, because he has always recognised that Britain’s adherence is an essential factor for success. It is felt that with a trade agreement supplying the impetus, opportunities for collabora tion in other detailed economic fields will open up to Britain and America, while political relations will be even more closely cemented. There is no indication at present of what the possible effect will be on the dominions. It is reported that a broad agreement for the whole Empire may be contemplated; or, alternatively, it might be followed by short separate agreements covering Australia, New Zealand, South Africa, and Canada. However, it is believed that developments in respect to the dominions require more consideration, although Mr Hull’s programme has always contemplated agreements with all Governments.