Newspapers / The Perquimans Weekly (Hertford, … / April 25, 1947, edition 1 / Page 3
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i W Pi,-- THE KRt.UIHAK3 WEfcKLY, Utjtmm N. 0.. FklDAV, APRIL 25. 1947. i. to Develop World Trade : The Conference an Trad: wMi ' . - go underway in Geneva, Switierland, on. April lutn, wm represent an effort . bjr the nations of the world to expand " foreign trade in the belief that the lioerauzauon of world commerce can . a , bif oatered to the mutual advantage of nationa and to the-improvement of raanom oetween tjhem, , ' - ,Whetnef Ae Conference will be a .success depends In large degree upon the attitude that the , United States will follow. This is somewhat prob . lematkal at the present time because tnere is some doubt among other na tions as to the 'permanence of our - Reciprocal Trade Treaty program. Some foreign nations believe 'that if there is a change of -administration in this country, there will be a re turn to what they consider economic nationalism. Between the two world wars, there was a steady growth of barriers to international trade, with the United States creating its share of obstruc tions. Our successively higher tariffs prevented the swap of goods which is essential to international trade but, through enormous loans to foreign countries in the Twenties, we man aged to keep up bur export business. I When lending ceased, our exnnrfn dropped from $6,200,000,000 in 1929 to $1,600,000,000 in 1932. About that time, Congress passed the Trade Agreement Act, represent ing the ideas of Mr. Cordell Hull, who was Secretary of State. This Constituted somVthing of a reversal of our foreign trade policy and tend ed tp substitute economic cooperation for economic warfare. The back ground of the change was the belief in this country that possibly it would neip 1 create international econo imic relations which would foster something like permanent peace. Since that time; the United Statea has made reciprocal trade agreements with twenty-eight , countries, seven teen in the Western Hemisphere and the others in Europe and the Middle East Figures seem to show that the program resulted in substantial gains in bur export trade. 9 . Comparison of the first two years under the program with the last two years previous to World War II show that exports to sixteen agreement countries averaged sixty-three per cent larger, while exports to other countries averaged only thirty-one per cent larger. Imports from agree ment countries were twenty per cent greater, while from non-agreement countries, they were only eleven per cent greater. Under the Reciprocal Trade Agree ments, negotiations were conducted with various countries. Concessions were granted on imported products generally of a class not competitive with our production. Reductions, were granted on similar goods when study indicated that such concessions would not seriously., injure American pro ducers. Some American industrv was protected by the requirement that the President procure the advice of the Departments of State, Agricul ture, Commerce, War, Navy, the Treasury, the Tariff Commission and other appropriate Federal agencies. Hearings were had and those interest ed were given an opportunity to pre sent information and views. The principal feature of the recip rocal agreements is that the most-favored-nation clause is given full ef fect. This guarantees to either nation treatment at least as lavorable as that given to any other nation. Con sequently, concessions granted to par ticular countries are automatically 133 Watmttedl M (Dunce! News and Circulation Representative In Hertford and Perquimans County FOR THE INDEPENDENT "THE ALBEMARLE'S ONLY SUN DA Y NEWSPAPER' See, Call or Write George. W. Haskett PHONE 284, ELIZABETH CITY cessions are limited to fift ner .nlt tf .previously existing , duties and such a Provision annliee tn thru in effect on' 5 January 1. 1945. While items on the free Hat coin ha mada In. tiable, items that are dutiable cannot De xransierreu to the free list It should be understood that the urogram- does not maU th iTm'ti States the Chahicion of free trarfo throughout the World, but th mirnnne of -the Act is to promote freer trade. ine principles were recognized in the Atlantic Charter when the United States, and Encland fltrrMwi that thav I'would with due respect for their ex isting ODUgaitlOns" trv t oTfenJ n all states "access on eaual terms tn trade and to the raw materials of the world." While there can h nn Mrfoinfv fhat the Trade Conference in Geneva or the Reciprocal Trade Program will create perfect miracles in increasing world trade, the Prospect is that nm such program will have to be follow ed or the nations of the world will face unrestricted competition that will degenerate into economic warfare, liberalization of world commerce can be had only by agreement and, ap parently, the most-favorpd.natinn principle is a safeguard against un ecmal treatment of various nations, in working toward the end of pro moting world trade, it is generally expected that the United States will act cautiouslyseeking to remove bar riers as ruDidlv as nnsaihlo with. inflicting severe losses upon Ameri can industry. If the process will helD to .nH dis crimination in world trade. machinery for settling trade disputes and diminish restrictions and ex change controls thronirhniit the u-M there is the prospect that the om merce of the nations, which means the swapping of goods and services, PAGE THREE will enable all .peoples to share in the productivity of mankind and to grad ually raise their standard of living. Byrd Suggests Early Showdown With Russia Something of a showdown with Russia is proposed by Senator Harry F. Byrd, of Vtinia, who suggests ormnuea on rage Seven) Own the one car that gives you G-CAR QUALITY AT LOWEST CO! in all these features. .. in all these ways Announcement I hereby announce my candidacy for the office of Commissioner for the Town of Hertfc rd, subject to the Primary Election April 28. Your vote and support will be greatly appreciated. Henry C. 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The Perquimans Weekly (Hertford, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 25, 1947, edition 1
3
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