TARIFF CONCESSIONS

Wanganui Chronicle, Volume 87, Issue 42, 20 February 1943, Page 5

TARIFF CONCESSIONS

AUSTRALIA AND AMERICA Canberra, Feb. 18. A “most favoured foreign nation” tariff now applies to goods imported into Australia from the United States. These tariff concessions have been made by the Commonwealth Government as an expression of Australia’s regard for the great material assistance received from the United States during a most critical period in her history. The Government’s decision places the Onited States next to Britain and the Dominions in most favoured nation treatment, and will result in a substantial reduction in Customs duties payable on American goods Because of the restrictions in production and transport, these concessions will be apparent only to a limited degree during the war. But aftei the war American exports to Australia will receive great benefit from the new Customs policy. The United States’ removal fron the list of countries on a genera punitive tariff Is felt to have removed a marked anomaly and has been wel corned by the American Minister, Mr Nelson T. Johnson, as “a spontaneous demonstration of Australian good will.”