TERMS ACCEPTED

Stratford Evening Post, Volume II, Issue 453, 5 January 1934, Page 6

TERMS ACCEPTED

INDIAN-JAPANESE I AGREEMENT Prolonged Negotiations j NO DISCRIMINATING TARIFF : Press Association — Conyright London. lan. !. ! Prolonged Indo-Japiuiesa trade negoii.t- ; I tions at Now Delhi have ended j !pc reptnncc by the Japans •■ ef th; In- j ! di.m terms. It is expected an agreoi inent will be concluded to-morrow j ! -/.-hereunder India will grant Japan mosi- ! i fT.'cured-nation treatment, imposing no j I •;incriminatory tariff. i Under the cotton clauses Janan w;sl ] | spcrt annually to India «'l) 12.1,fl00.!l0')y I : j 01' cotton piece-goods .vithonl obliguti m : to buy Indian cotton, '2) :-;2s,(»()(i.'if)llyd in exchange for the purchase of on:- j million cotton bales, or i.'O a maximum ■( jot' 40!).0<)0,0G0.yd.s for 1.500.000 bales. Jap- | I anese imports will be regulated accord- j Sine to the piece-goods categories, j japan also recognises India's right to I safeguard and prat' ct her mill! ;tri .;. ! though Janan is free to make repra- | sentations if it is considered India's pu!- I icy work;: harshly against bar. The trade j balance under the agreement will depend j probably on Indo-Japanese trade in sun- i I dry goods, the volume of 'which is at j present indeterminable owing to new | tariff changes. News of the agreement is received with satisfaction hi Lancashire though in some quarters the feeling is expressed that the Japanese quota has been fix-a | too high. The way is now open for j I London discussions between the Japan- • [ ese trade delegation and leaders of the ; [ Lancashire cotton industry. i I | SATISFACTION IN JAPAN j j Press Association. I ; Tokio, Jan. 4. j | Officials consider the Delhi cotton j j agreement will prove satisfactory. The j j council of the Spinners' Association of j Osaka to-day agreed to call off the boy- j cott of Indian raw cotton, to date from j I the promulgation of the tariff change. !