INTERNATIONAL TRADING

Taranaki Daily News, 10 July 1929, Page 9

INTERNATIONAL TRADING

CONFERENCE OF CHAMBERS RESTRICTION ON COMMERCE THEIR ABOLITION URGED By Telegraph—Press Assn.—Copyright. Australian Press Association. Received July 9, 7.2'5 p.m. Amsterdam, July 9. An international congress of Chamber's of Commerce has opened. It is attended by 1200 delegates from 38 countries. The president of the congress, Dr. Opirelli, appealed to the Governments to ratify the 1928 convention for the abolition of restrictions on imports and exports. Referring to the tariff policy of the United States, Dr. Opirelli said America had more to gain from the development of Europe, which took half the United States’ exports, than she had to fear from increased European competition in the world’s markets. The Transport and Communications section of the congress passed a resolution recommending universal adoption of, the Hague rules governing bills of lading. M. Frcchin advocated the abolition of flag discrimination and Customs formalities. These obstacles often drove off trade altogether, he said.

Sir Alan Anderson said Portugal and Peru had been mentioned as having been especially vexatious for port dues. Personally, he wondered why those advocating such stringent protection did not folfow the policy to its natural conclusion and allow the ports to silt up entirely, which would prevent foreign competition altogether.