RUSSIAN TRADE

Timaru Herald, Volume CXXXVII, Issue 19474, 26 April 1933, Page 9

RUSSIAN TRADE

LITVINOFF’S PIOUS STATEMENT. United Press Association —By Electrio Telegra®*,—Copyright MOSCOW, April 23. M. Litvinoff, in a statement on the Soviet’s external trade policy, says it is based on the same firm foundation as formerly. It includes the absence of political upheavals between trading countries as a condition of stability of trade relations, and the subjection of foreigners to the jurisdiction of the countries in which they are resident. The Soviet never used its monopoly of foreign trade for political ends. The statement concludes: “Neither trade development nor stability is possible if the slightest friction or political clash between governments may at any time dislocate trade, or if Governments assume the right to liberate their citizens or commercial enterprises from engagements contracted in commercial agreements and treaties. Such measures hardly appear as a due preparation for the World Economic Conference, one of the problems of which is to regulate and memoralise foreign trade on a world scale.”