URUGUAY: Good Neighbor

Good Neighbor Uruguay last week signed a reciprocal trade pact with the U.S.

More important than the trade pact was a $12,000,000 Export-Import Bank credit for construction of a sorely needed hydroelectric plant at Rio Negro dam, not far from industrially growing Montevideo.

More important than the credit was a second shipment of U.S. war materials that arrived in Uruguay, across the River Plata from surly Neighbor Argentina.


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