ANGLO-ARGENTINE TREATY

Taranaki Daily News, 22 July 1933, Page 7

ANGLO-ARGENTINE TREATY

CHAMBER RATIFIES TRADE PACT.' OPPOSITION EXPECTED IN SENATE. By Telegraph—Press Assn.—Copyright. < Buenos Aires, July 19. The Chamber of Deputies has ratified the Anglo-Argentine trade treaty by 61 votes to 41. Renewed opposition is expected in the Senate. The President, General Justo, recently made a long speech in support of the agreement. He said it was a first step in a new policy of internationalism. Great ” Britain had helped toward the progress of Argentina by the large amount of capital sunk in the country and he recognised that great sacrifices had been made by Britain in consequence of its contractual engagement. It was true that Argentine exports to Britain exceeded imports from Britain, but it was necessary to take into account the £600,000,000 that was sunk in the country by British capitalists. The President said that' though England found it necessary to' increase commerce with the Dominions it did not mean that the future of Argentina was a matter of indifference to England, especially considering that 50 per cent, of British imports already entered Argentina free of Customs duties. ■■ He pointed out that British ships carried most of the imports and exports. He said that within the limits of the Ottawa agreements it was possible to envisage agreements that would save Argentina from the dangers of the future. It was necessary to make concessions in respect of exchanges and other matters and that a minimum export of 350,000 tons of chilled meat was assured.