Evening star., 1920-08-08
NEW TRADE ERA IN ARGENTINA

ed out for the manufacture of pulp
paper in Argentina and capital from
the United States is going to control
that new industry, DR.. Klein says. This
is big advantage for the United
States, because If foreign capital get
into the upbuilding of such industries
it will mean that foreign machinery
will be bought instead of American,
whereas, with capital from the United
states in control, the entire industry
can be AmericaniZed, and as 1t grows
American business generally will be
benefited.
Sugar is another line in which there
has been a notable development. Up
to a very few years
Sugar ago Argentina inn
-, ported practically
VHeEs Cnance. all of its sugar
from Brazil. The last crop showed a
surplus of 100000 tons for export.
With the large demand for sugar
throughout the world, it is thought
by DR.. Klein that this industry will
have permanency in Argentina and
that American capital will profit by
it's development.
Those who are projecting the future
Of industrial life in Argentina--and
this includes some very progressive
business men from the United States
are now planning for spreading
the industries over the entire repub-
lie instead of their being centralized
as now about Tucuma. The great sec
ton to the north, notably around
Oran, is expected to be used for pro-
duction.
The experience of American engi-
neers in Cuba in installation of ma
ehinery,- in construction work and in
transportation is just what Argen-
tina needs for a wonderful industrial
development. DR.. Klein points out.
The capital is now mostly native and
some little French, but American cap
ital is welcomed, as the Argentinians
have a very friendly feeling toward
the United States and are eager to
encourage mutually profitable busi-
reSS relations.
Experimental stations have been
established to rid their great agri-
cultural industry of it's biggest prob
now alternating the growing of cot
ton with alfalfa and other fodder
crops to rest up the soil. They are
diversifying their agriculture from
wheat and linseed, on which they pre-
viously monoDolized, and have learned
the war iOt tO dll tHelr
eggs n one basket.
X
AS regards the general question of
the United States going into the ex-
port trade with
American Prospects Argentina is
Are Improving. remarkab1e M
success, DR.. Klein says. The export
trade of the United States rose from
rs per cent before the war to 38 or
40 per cent Of all the imports to Ar
gentina. He believes that the United
States will hold practically all of
this because it was not taken from
Germany, nor from Great Britain,
whose shipping to Argentina was not
disturbed to the extent that deliveries
from the United States were during
the war. The United States gain was
principally in new trade which Amer
ican business zeal has created. One
principal item was automobiles, which
the United States, as was explained in
these columns last Sunday.
The depreciation of foreign ex-
change has been helping other coun-
tries to outsell the United States in
South America, but this untoward con-
dition is already being corrected. I'm
provement Of shipping facilities is
now imperatively needed in order that
the American manufacturer and ex-
porter may not be further handicap
ped, and that the Argentine business
men, may be- encouraged to visit this
country and come to know the Amer
lean business men better. and to be
impressed by the scope, efficiency and
permanency, of industrial life in the
United States. WILL P. KENNEDY.