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Tuesday, 6 December 1960

Mr PETERS (SCULLIN, VICTORIA) - I direct my question to the Minister for Trade. Is it correct to say that as a result of the lifting of the embargo on the export of iron ore from Australia, Japan is arranging to purchase considerable quantities, and that a mission to complete negotiations will come here early next year? Will Japan pay for this iron ore by exporting to Australia more textiles, crockery, electrical equipment and other goods that will endanger Australia's industries and employment while increasing our balance of payments difficulties? If this is not so, how will Japan pay for iron ore?

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