NEW TRADE AGREEMENT
WELCOMED BY YUGOSLAVIA INDUSTRIAL EQUIPMENT FROM BRITAIN NZPA—Copyright Rec. 9.19 p.m. LONDON Dec. 28. The Belgrade correspondent of The Times says the new Anglo-Yugoslav trade agreement, which took 10 months to negotiate, is warmly welcomed in Yugoslavia as helping her to overcome some of the difficulties caused by the Cominform’s economic blockade.' This has denied Yugoslavia the machinery, spare parts and industrial raw. materials required not only for Marshal Tito’s ambitious 1 five-year industrialisation plan, but also to maintain the existing levels of production and keep the country’s dilapidated transport system going. Many of these things will now come from Britain. The agreement is also seen as a measure of the confidence which the British Government feels in the survival of Marshal Tito in the face of Soviet attempts to unseat him.
The Board of Trade announcement, issued in London on Monday, said the agreement was for five years, and over this period trade was estimated at £110.000.000 each way.
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Otago Daily Times, Issue 27275, 29 December 1949, Page 5
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163NEW TRADE AGREEMENT Otago Daily Times, Issue 27275, 29 December 1949, Page 5
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