TRADE RELATIONS
TURKEY AND GERMANY AGREEMENT SIGNED BARTER BY PRIVATE FIRMS (Rec. 11.30 p.m.) LONDON, Apl. 29. The Times correspondent from the German frontier says a TurkishGerman trade agreement which was signed during the week-end envisages deliveries of additional goods to the value of 3.000,000 Turkish pounds (not 300.000 as previously cabled) each way. The agreement is on a barter basis between private firms, supplementing the official clearing agreement, which' is inadequate to meet Turkish' import needs Attempts to increase the imports from America have been disappointing owing tc the inadequate Iraq railways The Germans will supply pharmaceutical ; materials, chemicals, paper and machinery, and the Turks will supply tobacco and agricultural products. The deal is comparatively small, ‘but the products have key importance and the political aspects are not negligible. Turkey and Hungary have initialled an agreement covering 20,000,000 Turkish pounds, whereby Turkey exports cotton woo) in exchange for industrial products,
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Bibliographic details
Otago Daily Times, Issue 24594, 30 April 1941, Page 7
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151TRADE RELATIONS Otago Daily Times, Issue 24594, 30 April 1941, Page 7
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