FOREIGN TRADE

Timaru Herald, Volume CLV, Issue 22790, 14 January 1944, Page 5

FOREIGN TRADE

America Gaining New

Markets

(19 p.m.) NEW YORK. Jan. 13. America’s swollen export trade, which for the last three years has been dominated by lend-lease operations, is now gradually being restored to private enterprise, with the result that American foreign trade when the war ends may be more than twice as great as before the war, states the Washington correspondent of the “New York Herald Tribune.” Through the policy of permitting private traders to take over lend-lease business on a cash basis, American exporters are entering new markets, selling merchandise never before sold and also increasing the volume of business on established trade routes. For example, machine tools are being sold to South Africa and civilian goods of all kinds to England, while the French Committee of Liberation is beginning to buy directly from private American sources. A high economic official predicted that the gains will continue after the war. and foreign trade will become a much more important Dart of American economy, as the United States expects to enjoy a larger share of world trade.