In the years of scarcity after World War II, Argentina drove hard bargains in selling its meat to the hungry British. But now the tables are turned. Sterling is stronger; trade is freer and more vigorous. And Britain, which once depended on Argentina for 80% of its imported meat, now takes a mere 10% of its needs from the Republic of Beef.
Last week, Argentina's two top economic diplomats arrived in London to discuss a new trade treaty. Chancellor of the Exchequer R. A. Butler told them frankly that Britain has junked the old bilateralism for liberal trading policies. Britain,...
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