Word: trades
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Dates: during 1920-1929
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Morocco. German trading rights in Morocco, a snag in the negotiations up to the eleventh hour, were definitely settled by France conceding full facilities for trade in all her colonies and protectorates, of which Morocco is the principal. Mindful, undoubtedly, of the attempts of Kaiser Wilhelm to create trouble in Morocco, exploits since dignified as the "incidents of Tangier and Agadir," the French refused to permit German nationals to reside in the protectorate. The assent of the Reich was obtained only after the French had agreed to suppress the 12% supertax on all German products sold to Morocco...
Significance. The mere fact that the trade treaty was hailed in Paris and Berlin as signifying an improvement of political relations and as giving a new impetus to the prosperity of each, speaks volumes for the distance the two onetime enemies have traveled since the War. Up to 1914, trade between the two countries was regulated by the Treaty of Frankfort, which ended the war of 1870-71. Since the World War, there has been no well-defined commercial accord, trade being subject to a general agreement, except in the case of specific articles, on the basis of the customs...
...superabundance and at the same time facilitating the entry of products that are badly needed, a fact that goes far to favor the Franco-German industrial cartel. Germany wins several points: 1) She secured a much needed outlet for her industrial products. 2) She obtained equal trade treatment, which she did not expect. 3) She forced the French to reaffirm their renunciation, made at the time of the London Conference (TIME, Sept. 1, 8, 1924), of their right (Versailles Treaty, Article XVIII) to seize German private property in the event of the Reich defaulting on reparation payments...
...most-favored-nation principle obliges governments not to grant to any country more favorable trade terms than those already in force in treaties with other foreign governments, or to make more favorable terms, if granted, generally applicable...
Terms. The figure of exports and imports was fixed at 25,000,000 rubles each, the idea being that each country may import from the other no more than it exports, thus equalizing the balance of trade...