It is hoped that an effective contribution to an improvement in world trade will result from the Anglo-American trade negotiations.
It is believed that Mr. Hull will shortly announce a comprehensive list of products to be discussed. The list is expected to cover fully the existing trade between the British Empire and the United States.
It is understood that. although the American Government is in no way opposed to the principles of the Ottawa Agreement, it will ask for a reduction of Imperial preference on certain goods. mainly agricultural products.
The negotiations, however, will also deal with manufactured goods. such as motor-cars, typewriters and steel goods.
In return. it is believed! that the United States is preparing to. make concessions to Britain over a wide range of textiles, wallon goods. machinery and luxury goods.
It is pointed out that there is no intention to divert trade between the two countries but only to increase the volume.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.