Soviet Dumping
Poincaré, in a strong article in Excelsior went out of his way
to warn the public of the danger of Soviet dumping. In
Switzerland various schemes for combating the menace have
been put before the Federal Council, and a reply will be
given when the National Council meets in March.
The Hungarian Government has empowered the Minister
of Finance to regulate certain imports by means of licences.
These import restrictions apply only to countries (such as
Soviet Russia) with which no commercial treaty has been
concluded. The Spanish Minister of Economy is also
reported to be considering a series of measures designed to
protect Spanish commerce and industry against Soviet
dumping, whilst reports from Canada, Finland, Roumania
and Serbia state that conferences are being held to discuss
defensive measures. Even Germany is gravely alarmed
at Soviet dumping.
In Great Britain serious resolutions on the subject have
been passed by a number of important groups, including
the Association of British Chambers of Commerce, the
National Union of Farmers, the National Union of Manufacturers,
 the Central Council of the National Union of
Conservative and Unionist Associations and the Council of
Agriculture for England. In every case emphasis was laid
on the fact that the unrestricted import of Soviet goods is a
menace to British producers and manufacturers, as well as
to the majority of British workers. British industrialists
and exporters have also realised the menace of Soviet
dumping on foreign and colonial markets. It is quite
evident that the * attacks” on the markets of the East
and the Near East, and the special efforts made in South
and Central America by Soviet trading organisations, are
directed chiefly against British Trade.
Defensive measures against present and future Soviet
dumping are urgently needed both nationally and internationally.
 Governments, business men and financiers must
anite in an organised effort to combat this new form of
economic war against the established order. Immediate
action must be taken or civilisation, as we know it, is
doomed.

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