GREAT EXPANSION

Wairarapa Times-Age, 14 January 1944, Page 3

GREAT EXPANSION

q OF UNITED STATES TRADE. GAINS EXPECTED TO CONTINUE ' AFTER WAR. (By Telegraph—Press Association—Copyright) NEW YORK, January 13.. America’s swollen export trade, which in the last three years has been dominated by the 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, says the New York “Herald-Tribune's” Washington correspondent. Through the policy of permitting the private trader to take over lend-lease business on a cash basis American exporters are entering new markets, selling merchandise which never before had been 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 are sold in England, while the French Committee of National Liberation is beginning to buy directly from private American sources.

A high economic official, says the correspondent, predicted that gains would continue after the war and the foreign trade would become a much more important part of American economy, as the United States expected to enjoy a larger share of world trade