NEW EXPORT TRADE POLICY

Timaru Herald, Volume CXLVI, Issue 21244, 14 January 1939, Page 15

NEW EXPORT TRADE POLICY

SUGGESTED CHANGE IN BRITAIN Two-way Patronage Demanded More Reciprocity From Empire No Special Consideration Warranted United Press Association—Bv BCectrlc Telegraph—Co-yrlgbl (Received January 13, 8.25 pun.) LONDON, January 13. Arguing that the unsatisfactory state of British export trade was not a result of a temporary depression, but of new economic conditions and new national policies, the committee of the Association of Chambers of Commerce Urges the Government to exert the bargaining power of Britain as the world's greatest import market. / “The Government should review l world markets,’’ states the report, “with a view to ascertaining the minimum export trade at which it must aim, secondly, the markets available, and thirdly, the changes necessary to achieve this result. Countries, unwilling to increase imports from the United Kingdom, would be faced with a reduction of their exports to the United Kingdom. As regards Empire trade, a settlement on quantitative lines would be more rational than a grant of free entry, regardless of the volume of imports to which it may lead. Thus the share of British markets, which Empire countries enjoy, would be settled with due regard to counterconcessions and the position of home industry. The report concludes: “A new British trade policy is essential and quantitative discussions are most likely to promote an amicable settlement.”