He said that international trade agreements already concluded between the United States and foreign countries affected nearly two-fifths of the country's total foreign trade and called attention to the fact that similar agreements were being negotiated with other countries, including the United Kingdom.
During the first eleven months of 1937, the Secretary said, the United States' exports (o countries with which reciprocal trade agreements had been signed increased 42 per cent, while exports to other countries increased 32 per cent, He declared that the trade statistics refuted the contention that the most-favoured-nation clause in the trade agreements resulted in excessive increases of imports into the United States without a sufficient advantage in respect country's exports.—United
Text read from the printed page and cleaned; old type leaves the occasional error.