Argentina, Brazil and Egypt (Trade)

Part of Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 30th October 1952.

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Photo of Mr Ernest Davies Mr Ernest Davies , Enfield East 12:00 am, 30th October 1952

Is it not a fact that we are stabilising, or at least the tendency is to stabilise, our import account on a low level? At a time when there is a contraction of international trade which is very bad for all concerned, are not some of these countries making bilateral trading arrangements with other countries at our expense? Are we not getting better figures for our exports? Unless we get this two-way traffic, will it not be very bad for all of us?