TRADE TREATY SIGNED
TURKS AND GERMANS (Rec. 10.40 p.m.) LONDON, July 29. The Times correspondent from the German frontier says the Turkish-Ger-man trade agreement signed at the week-end envisages deliveries of additional goods to the value of 3,000,000 Turkish pounds 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 imports from America have been disappointing because of 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 to the value of 20,000,000 Turkish pounds, under which Turkey will export cotton and wool in exchange for industrial products.
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Southland Times, Issue 24422, 30 April 1941, Page 5
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144TRADE TREATY SIGNED Southland Times, Issue 24422, 30 April 1941, Page 5
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