Closer Look at BSIP-
p. 138 · Read in the full issue
Australia Trade
The BSIP Chamber of Commerce is hopeful that more trade will develop between Australia and the BSIP following the visit to Honiara in June of Australia’s Trade Com missioner to the Pacific Islands, Mr.
H. Sullivan.
The Chamber told Mr. Sullivan that BSIP imports from Australia had dropped in recent years because of better prices and lower freight rates from Europe, the UK, Japan, Hong Kong, and other places.
On the other hand, the BSIP was exporting almost nothing to Australia because of the high freight rates, which resulted from lack of back loading.
The Chamber said that if Australia would reduce the import duty on BSIP timber, letting it in on the same terms as Papua-New Guinea timber, there would be ample back loading from the Solomons to Aus tralia. y This, the Chamber added, should mean a reduced freight rate on cargo from Australia and should thus make Australian exports more attractive to BSIP importers.