TARIFF TRUCE PROPOSAL

Taranaki Daily News, 1 May 1933, Page 7

TARIFF TRUCE PROPOSAL

INTENTIONS OF AMERICA WILL MOVE AT CONFERENCE IMPROVEMENT OF FEELING IMPEDIMENTS TO TRADE By Telegraph—Press Assn. —Copyright. Rec. 7.15 p.m. London, April 29. Presiding over the organising committee of the World Economic Conference, consisting of representatives of Britain, America, France, Germany, Italy, Japan, Belgium and Norway, Sir John Simon announced that the King would open the conference on June 12 at the Geological Museum, South Kensington. A communique announces that Mr. Norman Davis informed the committee' that America at the opening of the conference intended to propose a tariff truce, the details of which are to.be circulated with the invitations. It is understood the proposal is the outcome of the Washington conversations. America ’is desirous of improving the atmosphere and ensuring that the conference should not open amid tariff hostilities. America suggests an economic armistice in which no new impediments to trade, including tariffs, exchange restrictions, import quotas, prohibitions, dumpings or export subsidies will be imposed, at least during the period of tfliA conference’s duration. The armistice will be decided by the conference,' but America hopes it will continue until the conference agreements are ratified. It is believed the definition “impediments to trade” will be the subject of diplomatic discussions before the conference meets. It might include new separate trade agreements.