FASCIST POWERS’ TRADE PACT
ITALIAN BARTER WITH GERMANY INDEPENDENCE OF OTHER SOURCES (United Press Assn.—Telegraph Copyright) (Received December 29, 9.25 p.m.) LONDON, December 20.
The Rome correspondent of The Times says that the economic agreements signed by Italy and Germany yesterday provide for the application in 1938 of the existing barter arrangements, which will enable both countries to be independent of ordinary sources of imports. Italy as a result will purchase, as much as possible, coal, iron and mechanical goods from Germany, which will take, as far as possible, fruit, vegetables, artificial fibres and agricultural produce from Italy. It is claimed that operation of the agreements in 1937 resulted in a substantial increase in mutual trade. Italy imported 6,150,000,000 tons f>f coal from Germany, compared with 1,560,000,000 tons from Britain.
The Rome correspondent of The Daily Telegraph says the measures are intended to reduce the balance of trade in Germany’s favour, which was £6,000,000 in the first seven months of 1937 and has since increased considerably.
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Southland Times, Issue 23388, 21 December 1937, Page 5
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166FASCIST POWERS’ TRADE PACT Southland Times, Issue 23388, 21 December 1937, Page 5
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