A Shaft of Baltic Pine: Negotiating the Anglo-American-Canadian Trade Agreements of 1938

Ian Drummond and Norman Hillmer

Chapter 8 in Money and Power, 1988, pp 199-225 from Palgrave Macmillan

Abstract: Abstract In 1937 and 1938, and for many months before, Great Britain and the United States sought to negotiate a major trade agreement. There were numerous complications, not least a third country which became central to any agreement. If there was to be a bargain, Canada would have to agree to forego important advantages in the British market. This the government of Mackenzie King was willing to do, but not without ‘satisfactory compensating advantages’. Thus, when the Anglo—American Trade Agreement was finally concluded on 17 November 1938, a Canadian—American one was signed simultaneously. In 1940 W. K. Hancock saw that these trilateral negotiations had substantial political and economic significance in the relations of the North Atlantic triangle, and outside it.1 The subject has had few champions since.2

Keywords: Trade Agreement; Free Entry; Trade Talk; Preferential Margin; British Market (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07173-9_8

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DOI: 10.1007/978-1-349-07173-9_8

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