EUROPE’S TRADE.
ECONOMIC RECOVERY. IMPROVED PRODUCTION IN 1927. TREND OF TARIFFS CHECKED. (By Telegraph.—Press Assn. —copyright.) (Times Cables.) LONDON, May 22. The Geneva correspondent of The Times, reviewing Europe's economic recovery, says the report of the League's Economic Committee points out that Europe’s improvement in production in 1927 was the best since the war, whereas the United States was at a standstill. Similarly Europe’s trade advanced more than America’s. The comparative stability of tariffs and exchanges is largely responsible for this, hut it is not sufficient that Europe ten years after the war should at last have recovered its pre-war standard. The committee expresses the opinion that the Conference’s influence has substantially checked the upward trend of tariffs, whicli was in full swing in May, 1927. The leading feature of the year has been increased trading between the nations of Europe compared with Europe’s trading with overseas countries, especially the United States. In view of the low volume of world trade, an effort should be made to reach a general agreement for the reduction of tariffs.
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Waikato Times, Volume 103, Issue 17410, 24 May 1928, Page 7
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176EUROPE’S TRADE. Waikato Times, Volume 103, Issue 17410, 24 May 1928, Page 7
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