NEW TRADE AGREEMENT

Taranaki Daily News, 19 December 1930, Page 11

NEW TRADE AGREEMENT

BENEFITS FOR CANADIANS AUSTRALIAN FRUIT EXTORTS. DUTIES ON BUTTER ARRANGED. By Telegraph—Press Assn. —Copyright. Rec. 7.30 p.m., ’ Ottawa, Dec. 17. Tho tentative Canadian trade agreement with Australia will be made public t morrow. It contains much more favourable automobile and timber schedules for Canada than the existing pact, the timber items being especially helpful to Canada in competition with the United States in Australian markets. . Canada’s preference on newsprint is extended to wood pulp, kraft paper and fruit wrapping paper. There are no changes in the agricultural* implements schedules. ' • Butter carries eight cents duty with a proviso, if, however, the _ combined. Australian price and Canadian duty is below 32 cents the, duty increases to stabilise; the minimum, import price,.at 32 cents. This is an extensive concession, to the Canadian dairymen who are-.fight-in<Y tooth and nail against Commonwealth butter and who threatened to upset the treaty on this item alone. Australia’s greatest gains are naturally in fruits, dried and fresh, and wines. The agreement has yet to be ratified by the Canadian and Australian Governments. , i Details of the agreement are closely guarded. Cabinet did not meet to-day but it is likely the agreement will be considered at a meeting on Thursday, when a statement may follow.