Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-17
BY CASTOR NERvAL.

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TINE Importance Of Latin Americs
! as an economic center. both fol
! the investment of capital and Al
! Il a trade outlet for manufactured
! products, IS becoming more anc
| more the outstanding realization Of
statesmen and business men of tn,
world.
TIE latest acknowledgment of such
Importance comes in the form Of 9
resolution adopted by the international
Chamber of Commerce, which convened
recently in Washington, with the dele
gates of As nations participating. Thu
resolution recommends the establish.
ment of national committees of the
| chamber in all the Latin American re.
publics, and calls for the appointment
CT a special subcommittee to devise the
best means for bringing about the ex.
tension of the activities of the Interna.
| tional Chamber of Commerce to the
countries south of the United States.
The resolution was presented by Senol
Benjamin Cohen, the Chilean delegate
1 and passed upon unanimously by the
congress. 1t assumes particular impor-
lance in view of the Forthcoming Pan.
American Commercial Conference which
Is to convene in Washington next Octo-
! Der, and which will discuss questions Of
communications, customs regulations
trade facilities, tourist travel, consular
procedure and other problems upor
| which a greater commercial interchange
among the countries of the Western
| Hemisphere depends. Probably it is du.
to the meeting, five months from now
OF this conference to aid nter-Americar
| trade that the leaders Of the Interna-
tional Chamber of Commerce thought
| it advisable to state their intentions Of
1 pYtnndine -
Latin America.
At time when British princes, Ha,,
ian aviators, French diplomats and Ger
man trade agents are competing with
Uncle Sam in gaining the sympathies OF
the Latin Americans 1t could not have
been expected that the business leaders
gathered to discuss worldwide economic
rehabilitation, would overlook the poten-
tial value of the countries lying on the
other side OF the Rio Grande.
An Ideal Market.
The Latin American market unques-
tionably will play most Important par
in the future commercial relations Of
the world. It includes 20 countries o.
vast natural resources, Of inexhaustiblc
wealth. And practically all Of them arr
just beginning to develop their own in.
duStr1es. They are countries which, or
the other hand, have hardly been ex.
| plotted until now; and, on the other
not as yet have their industries sum.
GENTLY developed to satisfy their ever.
growing needs.
The Latin American countries consti.
tute, then, an excellent field for the in.
Vestment of capital, as well as for the
consumption Of foreign manufactured
| goods. They possess everything thai
could be desired in an ideal market
They have money, raw materials anC
the means with which to guarantee al
investments and to welcome capital anS
imported products.
A common language and similar psy
Geological characteristics are other ele
ments which add to the advantages O
Latin America as trade market. With
the exception Of Brazil, all the Latin
American peoples can be reached il
the same language -Spanish-and iden
teal advertising and selling method
can be put in practice in any one O
them. Commercially speaking, there i
probably not larger homogeneous are:
on the map Of the earth.
The only barrier which may be sait
TO be stili standing In the way, that o
inemcient communications, is GRADUALLY
being solved. Better and faster steam.
ship services to the Latin American
ports have been inaugurated during tht
last few years, and new railways OF
modern highways are at present under
construction In nearly every one Of the
southern republics.
No doubt the extraordinary success,
Of air communications IN Latin America
has been worthy contribution. in this
respect, to the development of trade IL
that region Of the world. Latin Amer
lea Is today crossed in almost every
direction by air lines which tremen-
dously facilitate commercial transac-
tons and relationships in general.
An International Race.
In the last few months we have wit
messed outstanding examples of the re-
! altzation OF Latin Americas commercial
! value by the governments of the leading
exporting nations of the world.
| Great Britain sent first a mission Of
expert economists, headed by LORD
D'Abernon, to visit some southern re.
publics, study their conditions and com.
plete series Of friendly arrangements
for trade facilities and commercial In
terchange. Then she sent her CHIEF
salesman in person, His Royal Highness
the Prince Of Wales. to shake hand,
with and decorate the Presidents OF
seven South American republics and to
| oCA otIIASA BOOO Will ana BLUSH gOOQS
along the way. Finally, she opened in
Buenos Aires, the largest capital In
Latin America, huge trade exhibition
housing $4,000, 900 worth Of British
samples ranging from tacks to rolling
stock. This exhibit only closed its doors
two weeks ago, having recorded an at
tendance Of more than q million persons
In q period of six weeks, and LEAVING
J behind number Of large orders which
have compelled some of the largest
British concerns to open branch offices
In the Argentine capital.
Italy sent recently 10 Of her best
| aviatorS across the ocean in q goodwill
flight to Brazil. Cloaked in the smoke
OF their engines, the brave Italian pilots
carried Mussolini'S plans for Italian
economic expansion In South America
II Duce stated that the fight would
serve to show the South Americans the
efficiency OF Italian enterprise and in
dustrial development. The day follow
| ing the planes arrival at Rio de ia
metro they were bought outright by the
Brazilian government.
Germany and France are increasing
every day the number of their CONNER
cial agents in Latin America. More
over, they are fast developing new
commercial air lines in several South
American countries. The French line
Latecoere has now q transatlantic sery-
| Ice in operation, in combination with
/ fast steamships. Germany, on her part
announces the establishment of a regu-
| lar air service to South America with
dirigibles Of the Graf Zeppelin type,
AS for the United States a realisation