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allowed to imperil the splendid example of economic recovery al-
ready achieved and which will certainly rise to higher levels if
given the proper chance to mature.
The stability of prices, the balance in the budget and
the important expansion in production lead the Turkish Government
to believe that the present difficulties are not deep rooted and
should not be treated as of a permanent nature.
The time lag which has occured last year in Turkey's in-
ability to sell abroad her cotton and wheat crops on time due to
the unstable prices of the international market is one of the
chief causes of the present trend. Another factor is the spur of
buying on the part of importers who, having beeh aware of rumors
as to the negative attitude which was shown to Turkish demands, were
led to believe that trade with the EPU areas would soon be drasti-
cally curtailed or de-liberalized. The delay in the timing of
American Aid in general and of Special Resources in particular is
also having its share in the creation of this adverse psychological
momentum. According to the judgement of the T rkish Government,
none of these causes would justify the adoption of quantitative im-
port restrictions which, if adopted, may harm the financial stability
of the country more than they may serve the purpose for which they
were designed.
These issues are so clear to the Turkish Government that
it finds it difficult to understand the reasons why its American
friends are denying a helping hand to Turkey at a moment when such
aid is especially desirable to relieve her from the present emergency.
The Turkish Government is confident that the development of
events will prove the soundness of its evaluation of the present si-
tuation. It still hopes that Turkey will not be deprived of mutual
cooperation and left alone in this emergency, thus being obliged to
take by herself all necessary measures to face the situation, in the
light of her responsibilities and her commitments.
Page data
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- Type
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- 94d02fc34a197086
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Document data
- ID
- 193225625
- Core
- doc
- Type
- document
DTO data
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Context sent to Scholar
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"ocrText": "- 4 -\nallowed to imperil the splendid example of economic recovery al-\nready achieved and which will certainly rise to higher levels if\ngiven the proper chance to mature.\nThe stability of prices, the balance in the budget and\nthe important expansion in production lead the Turkish Government\nto believe that the present difficulties are not deep rooted and\nshould not be treated as of a permanent nature.\nThe time lag which has occured last year in Turkey's in-\nability to sell abroad her cotton and wheat crops on time due to\nthe unstable prices of the international market is one of the\nchief causes of the present trend. Another factor is the spur of\nbuying on the part of importers who, having beeh aware of rumors\nas to the negative attitude which was shown to Turkish demands, were\nled to believe that trade with the EPU areas would soon be drasti-\ncally curtailed or de-liberalized. The delay in the timing of\nAmerican Aid in general and of Special Resources in particular is\nalso having its share in the creation of this adverse psychological\nmomentum. According to the judgement of the T rkish Government,\nnone of these causes would justify the adoption of quantitative im-\nport restrictions which, if adopted, may harm the financial stability\nof the country more than they may serve the purpose for which they\nwere designed.\nThese issues are so clear to the Turkish Government that\nit finds it difficult to understand the reasons why its American\nfriends are denying a helping hand to Turkey at a moment when such\naid is especially desirable to relieve her from the present emergency.\nThe Turkish Government is confident that the development of\nevents will prove the soundness of its evaluation of the present si-\ntuation. It still hopes that Turkey will not be deprived of mutual\ncooperation and left alone in this emergency, thus being obliged to\ntake by herself all necessary measures to face the situation, in the\nlight of her responsibilities and her commitments."
}