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Updated: May 19, 2025
The more he reflected on the idea, the more he liked it. It would be keeping the thing in the family, with Forsytes almost an instinct; and he would be able to get 'favoured-nation, if not nominal terms only fair, considering the chance to Bosinney of displaying his talents, for this house must be no common edifice.
Thus the entire political history of Entente diplomacy during this war may be summarized as a series of attempts on the part of the Allies to undo some of the effects of the masterstrokes executed by Germany during the years of abundance which she owed to the favoured-nation clause, British free trade and kindred economic concessions.
The more he reflected on the idea, the more he liked it. It would be keeping the thing in the family, with Forsytes almost an instinct; and he would be able to get 'favoured-nation, if not nominal terms only fair, considering the chance to Bosinney of displaying his talents, for this house must be no common edifice.
We have the favoured-nation relation with many European countries, and herein lies the possible danger: The war automatically annulled all treaties between belligerents. When the day of treaty making comes again shall we suffer for the sins of friend and foe in the rearrangement of international trade and lose some precious commercial privileges? It is worth thinking about. II England Awake
You will recall that one of the clauses forbids the resumption of a favoured-nation arrangement with enemy countries for a period "to be fixed by mutual agreement." This may be for an indefinite time. Now the danger here lies in the European interpretation of the favoured-nation idea.
The chief recommendations were: To meet, by tariff discrimination, boycott or otherwise, any individual or organised trade advance of the Central Powers already Germany, Austria, Turkey and Bulgaria have reached a commercial understanding; to forego any "favoured-nation" relation with the enemy for an indefinite period; to conserve for themselves, "before all others," their natural resources during the period of reconstruction; to make themselves independent of enemy countries in the raw materials and manufactured products essential to their economic well-being; and to facilitate this exchange by preferential trade among themselves, and by special and state subsidies to shipping, railroads and telegraphs.
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