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Thursday, 18 August 1960

Mr PETERS (SCULLIN, VICTORIA) - My question is directed to the Minister for Trade. Has the National Export Convention, which recently sat in Canberra, evolved a practical method whereby Australian exports will be considerably increased? If it has, will the increase take place in primary products or in manufactured goods? Does the Minister believe, as does the economist of the Bank of New South Wales, that our trade deficit this year - which involves a balance of payments deficit of a considerably greater amount - will be £100,000,000, which means a balance of payments deficit of about £300,000,000 or £400,000,000?

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