BARTER TRADE
ITALY AND GERMANY GIVING EFFECT TO NEW AGREEMENTS (By Telegraph—Press Association—Copyright) Received Dec. 20, 8.25 p.m. LONDON, Dec. 20. The Rome correspondent of The Times says that the Italian and German economic agreements provide for the application in 1938 of the existing barter arrangements enabling both countries to be independent of ordinary sources of imports. Italy, as a result, will purchase as much as possible of coal, iron and mechanical goods from Germany, which will take, as far as possible, fruit, vegetables, artificial fibres and agricultural produce from Italy. It is claimed that the operation of the agreements in 1937 resulted in a substantial increase in mutual trade. Italy imported 6,150,000,000 tons of coal from Germany compared with 1,560,000,000 tons from Britain. The Rome correspondent of the Daily Telegraph says that the measures are intended to reduce the balance of trade in Germany’s favour, which was £6,000,000 for the first seven months of 1937, and since has been considerably increased.
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Bibliographic details
Wanganui Chronicle, Volume 80, Issue 302, 21 December 1937, Page 7
Word Count
162BARTER TRADE Wanganui Chronicle, Volume 80, Issue 302, 21 December 1937, Page 7
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