Evening star., 1944-05-28
Inter-American Trade Plans
Seek Hemisphere Prosperity
Delegates From 21 Republics Develop
Program to Provide Flow of Trade
Between Two Continents
BY Sierid Arne.

/ money, except as needed for de-
fense.
Our synthetic rubber plants have
been giving pause to South Ameri-
can raw rubber interests. The
resolution leaves the gate open, oi
course, for any industrialist who
wants to take the chance with his
own money in developing synthetic
rubber.
3. There were several agreements
aimed at providing money at low
interest rates for the countries
which will be expanding their in
dustries.
The money will come from the
United States presumably ano
just how United States banks will
be talked into low lending rates
was left up in the air. There is q
possibility that the Governments
Export-Import Bank, which has f.
nanced much of the war produc-
ton below the Rio Grande, will
continue. Easy, long-term credit
was the backbone of German pre-
war trade expansion in Latin
America.
4. The labor charter agreed upon
was surprising considering that the
85 conferees were mostly big en-
ployers. They wrote in the right
OF free association" and "collec-
tive bargaining" two privileges
which have been uncertain in Latin
America.
5. They recommended that the
various countries set up agencies
to administer large immigration
programs, since several of the South
American nations would like more
workers Ito come probably from
Europe), and are willing to spend
money to aid them in resettling.
Continent wide iva.
8. South America was bypassed
during the industrial revolution
mainly because of her lack of Goa
to process her rich iron deposits
NOW, In the age of hydroelectrie
power, the conferees agreed to pres,
| their governments for a sort oj
cont1nent-wide iva program, with
emphasis on low rates.
Z. The late unpleasantness with
Mexico, when she appropriated oul
oil wells, was brought up, and the
United States delegation won ar
important concession which saws
private property should not be
taken without just and prompt COM
pensation." The delegates also
agreed that their governments
should insure foreign investments
The same rights as domestic.
q. All delegations were anxious
for the peoples of the Americas te
start visiting back and forth in great
numbers.
so several agreements were aimed
at making travel easy: Lower travel
rates, plans to tie together the op-
Grafton schedules of the transport
systems of the whole Western Hem
isphere, plans to complete the Pan
American highway, plans to stand
ardize airport regulations for inter.
national use at reasonable and non
discriminatory charges" A touris,
passport which would be visaed
gratis as travellers crossed the many
borders between New York ant
Santiago also was suggested.
$4,000, 900, 900 Surplus.
On the heels of the conference tn,
international Postwar Service Sta.
tlstlcal Bureau of New York issued
a survey of immediate needs ir
South America, list which indi.
Gates how this new world boom
could work for United States manu-.
facturers:
Chile has adopted a three-yea,
$50 100000 program to electrify her
railroads. She'll buy the equipment
In the United States Further. she's
planning a new 100000 steel
plant.
South American plastics manufao.
turers Will be looking for new equip
ment. Germany used to be the bic
supplier.
venezuela is planning several
cement plants.
Colombia intends to build a new
ruooer-tire factory, several textile
mills and several plants to produce
vegetable oils and lard.
Because of United States pur-
chases in South America, most OF
the nations have paid off the debts
lWhlch hung like an albatross around
Inelr necks every time they sought
United States money for develop-
ment projects. There's a surplus
now OF $3,0o0,00G,000 in the Latin
American national treasures.
distributed BY Associated Press,