Let me quote the report :
The evidence before the conference, which is contained in the documentation or in the statements made by the members of the conference, shows that the recovery from the effects of the war has been unduly delayed and that the foreign commerce of all nations is in greater or less degree seriously hampered by existing obstacles to trade.
The conference notes with satisfaction that some of the most injurious forms of obstruction that prevailed immediately after the war have been removed. To this fact must be attributed in part the recovery of world trade which has so far been achieved.
Tariffs, on the other hand, which in recent years have shown a tendency to rise, are for the most part higher than before the war, and are at present one of the chief barriers to trade. The increase in most countries is almost wholly due to higher duties on manufactured articles.
The Budget-Mr. Lapointe
Further, the report states:
The conference recognize that the removal or substantial reduction of customs barriers cannot be brought about suddenly without causing dislocation but it is of opinion that governments should immediately prepare plans for removing or diminishing by successive stages those barriers that gravely hamper trade, starting with those duties which have been imposed to counteract the effect of disturbances that are now past.
In conclusion the conference recommends:
(1) That nations should take steps forthwith to remove or diminish those tariff barriers that gravely hamper trade, starting with those which have been imposed to counteract the effects of disturbances raising out of the War.
(2) That states should proceed to the conclusion of commercial treaties on lines and Tinder conditions calculated to ensure the attainment of the aims mentioned herein.
I read the speech of one of the German delegates who stated emphatically that economic troubles have been the cause of wars in many instances and that blood has been shed throughout the world because gentlemen wanted to have their high dividends kept and preserved.
Subtopic: DEBATE ON ANNUAL FINANCIAL STATEMENT OF MINISTER OF FINANCE