cers ▁in ▁fields ▁where ▁the ▁two ▁countries ▁were ▁compet itors ▁would ▁be ▁given ▁ade qu ate ▁protection ; ▁second , ▁" a ▁strong ▁effort ▁should ▁be ▁made ▁by ▁each ▁Domin ion ▁to ▁di vert ▁to ▁the ▁other ▁goods ▁which ▁it ▁did ▁not ▁produce ▁and ▁was ▁currently ▁importing ▁from ▁foreign ▁countries ." ▁ ▁Under ▁the ▁terms ▁of ▁the ▁ 1 9 3 1 ▁trade ▁agreement , ▁Canada ▁was ▁accord ed ▁the ▁benefits ▁of ▁Australia ' s ▁British ▁prefer ential ▁tar iff ▁on ▁ 4 2 5 ▁out ▁of ▁the ▁ 4 3 3 ▁items ▁in ▁the ▁Australian ▁tar iff . 1 7 ▁Canada ▁also ▁secured ▁important ▁con cess ions ▁on ▁tim ber ▁and ▁agricult ural ▁implements . ▁In ▁return , ▁Canada ▁extended ▁to ▁Australia ▁the ▁benefits ▁of ▁its ▁own ▁British ▁prefer ential ▁tar iff ▁and ▁increased ▁the ▁marg ins ▁of ▁preference ▁enjoyed ▁by ▁Australian ▁ra is ins ▁and ▁curr ants . ▁The ▁agreement ' s ▁impact ▁on ▁bil ater al ▁trade ▁was ▁dram atic ▁but ▁one - s ided . ▁Between ▁ 1 9 3 1 ▁and ▁ 1 9 3 5 , ▁Canadian ▁exports ▁to ▁Australia ▁almost ▁triple d , ▁and ▁Canada ' s ▁share ▁of ▁the ▁Australian ▁market ▁jump ed ▁from ▁ 2 . 3 % ▁in ▁ 1 9 3 1 ▁to ▁ 5 . 7 % ▁in ▁ 1 9 3 5 . ▁Not ▁surprising ly , ▁Canada ▁opened ▁a ▁second ▁trade ▁commission er ' s ▁office ▁in ▁Australia ▁in ▁ 1 9 3 6 . ▁ ▁Australian ▁trade ▁did