BARTER AGREEMENT

Otago Daily Times, Issue 24633, 14 June 1941, Page 9

BARTER AGREEMENT

RUSSIA AND JAPAN _ (Rec. 7.30 p.m.) TOKIO, June 12. The Domei Agency reports that the Russian-Japanese trade agreement provides for annua] barter trade valued at 60,000,000 yen, in addition to the present trade, and the most favoured nation treatment with regard to export and import tariffs, trade restrictions, Customs procedures, harbour dues, and pilot fees. Japan will export to Russia raw silk, machinery, instruments, camphor oil, and miscellaneous goods, in return receiving from Russia petroleum, manganese ore, platinum, fertilisers, and miscellaneous goods. The Tokio correspondent of the New York Times says: “ The commercial agreemeht which Russia and Japan signed to-day is hailed as a happy augury for the early conclusion of permanent fisheries and border demarcation agreements, which it Is hoped will assure for a long time Russian and Japanese peace. , Simultaneously it is indicated that the new agreement was conceived as merely an item in a larger scheme now being worked out by the Tripartite Axis, envisaging a peace bloc stretching from the Atlantic to the Pacific, wtih Russia adhering thereto and all designed to present the AngloAmerican camp with a solid front."