Evening star., 1933-06-18
LATINS AT LONDON MOVE
FOR PAN-AMERICAN TRADE
Express Favor With Proposal for Well
Developed Commercial Exchange
With United States.

home Of over hundred million people,
whose numbers are increasing con-
stantly. They are one of the mightiest
reservoirs of wealth IN human history
Stretching from The North Temperate
to the Antarctic regions. they run the
gsmut of climates. They possess in
staggering amounts copper and silver.
tin and iron, nitrates and OIL They
produce lumber and fruits, cattle and
sheep, coffee and sugar, wheat and
corn enough to supply half the world.
As a trade market and as an invest
ment field these 20 republics offer un-
surpassed advantages to the United
states. They are countries which, on the
one hand, have hardly been exploited
up TO now. and, on the other, have
not their industries as yet sufficiently
developed to satisfy their ever-growing
needs. They possess everything that
could be desired in an ideal market.
1hey have inexhaustible raw materials
and the means with which to guarantee
all investments and to welcome foreign
capital and imported products.
common language and similar psy-
geological characteristics add to the ad-
vantages of Latin America as a trade
market. With the exception Of Brazil,
all the Latin American peoples can be
reached in the same language-Span-
ish-and identical advertising and SELL
ing methods can be put in practice in
any one of them. Commercially speak
iEg. there is probably not a larger homo
geneous area on the map Of the earth.
Transport Improved.
The barrier of ineficient communica-
tions Is gradually being removed. It is
no longer problem. Better and faster
steamship services to the Latin Ameri-
can ports have been inaugurated during
the past few years and new railways
and modern highways are at present
under construction in the majority of
the Southern republics. Latin America
Is today crossed in almost every direc-
ton by airlines which tremendously
facilitate commercial transactions and
personal contacts.
But, above all these reasons. there
stands out one. simple, conclusive,
which means more than geographic
propinquity, material facilities or even
political convenience, the purely eco
nomic reason. And 1t Is this: The Latin
american countries, in general, produce
what the United States needs and need
what the United States produces.
Not only that, but with very few ex-
ceptions they produce everything that
the United States does no have at home,
and can consume everything that the
United States offers for export.
When the leading commercial powers
OF the world are consolidating their
trade advantages and privileges in the
other four great markets, 1t Is high time
for the United States to bear these
facts in mind. No economic interna.
tional conference can render her the
benefit that q well developed, thorough
inter-American commercial Interchange
| offers to her national economy.
The greatest gain Is still In the di-
rection to which Secretary Of State
Blaine pointed, many years ago, when
the Pan-American Union was being
formed-trade agreements and recip-
rocal tariff arrangements with the 40
young, resourceful nations to the south.
That the Latin American countries
themselves realize the possibilities of
such an undertaking, and are willing
to cooperate, is clearly shown by the
enthusiasm with which they have re-
ceived suggestions along those lines by
Secretary OF State Hull and by the
unanimity with which they have in
dorsed President RooseveIt's proposal
for the gradual elimination Of trade
barriers in the New World.
If any doubt remained a to the
agreement Of Saxon and Latin Ameri.
can views on the subject, it has cer-
tainly been removed by the perfect
harmony revealed in the preliminary
conversations held at the White House
between President Roosevelt and Latin
American representatives who stopped
in Washington on their way to London.
tCopyright, 1880