Evening star., 1935-07-13

trade of the Soviet Union. to increase
substantially its purchases Of Amer
lean products during the next IL
months. the Government of the United
States has agreed to extend to the
Soviet Union. as long as the agree
ment remains in force, the benefits of
tariff concessions granted under re-
ciprocal trade agreements with other
countries.
Purchases Pledged.
1.-The Soviet government has given
assurances that it intends to purchase
in the United States during the next
IL months American goods to the
value Of 30.000,000. This figure rep
resents an increase of more than 100
per cent over the value of American
exports to the Soviet Union in 1884
and an increase Of about $50 per cent
over the average exports during the
three-year period 1882 to 1884, in
elusive.
Our exports to the Soviet Union
were valued at l2466.OOO in 1882,
S8,743,000 in 1888 and $l4,867 900 in
1884.
On its part. the Government of
the United States has extended to
the Soviet Union the tariff conces-
SionS which have been granted under
the trade agreements with Belgium,
Haiti and Sweden, and has agreed to
extend to the Soviet Union the bene-
fits of trade concessions made under
trade agreements with other countries
which may be proclaimed during the
life Of the present agreement.
The trade agreement with Cuba
is specifically excepted from this
commitment.
States Policy.
This agreement with the Soviet
Union illustrates the adaptability of
the policy under which this Govern
ment is carrying out its trade agree
ments program. That policy is to
extend the tariff concessions made
under a trade agreement with a
given country to all other countries
which do not discriminate against
American commerce or pursue policies
| or take actions which tend to defeat
the purposes of the trade agreements
| act.
The notes exchanged and the as
surances given indicate that it is the
| policy of the Soviet government to pur-
sue policies and to take actions in
harmony with the purpose of that act.
The fact of the existence of a state
rpnnnn01u nf in "a
Soviet Union makes it necessary to
depart somewhat from the ordinary
form of trade agreements, being en-
tered into by the United States.
In order to be assured of the bene-
fits of this Governments policy of gen.
eralizing trade agreement concessions
in accordance with the most favored
nation principle, the Soviet govern
ment has agreed to increase substan-
TALLY its purchases of American
goods.
Cites Decline in Trade.
This agreement is expected to re-
suit in gratifying increase in the
two-way trade between the United
States and the Soviet Union. Our ex-
ports to the Soviet Union during the
years 1926 to 1880 averaged $75, soc, 900
and our imports from that country
averaged $15,615, 900 over the same pc
riod. Our exports fell to the low point
of S8,743,0O0 in 1888 and our imports
to the low point of $9,129,000 in 1882.
although there has been some i'm
provement in the trade since those
years, it is still far below the value at
tanned in former years.
by facilitating further expan-
sion Of this trade, the present COM
mercial agreement should contribute
in an important measure to the Sue
cess of the administrations efforts to
restore our foreign trade as a whole
through the trade agreements pro-
gram.
"The objectives of this program OF
foreign trade recovery are the stimu-
lation of agriculture and industry, the
relief Of unemployment, the raising OF
living standards, the improvement OF
the international debt situation and
the facilitation Of international price
and currency stability"