At the Present Time there appears to be a decided inconsistency between New Zealand's import and export policies. On the export front every endeavour is being made to persuade the major industrial nations of North America and Western Europe to moderate their policies of agricultural protectionism. On the import front the current revision of the New Zealand tariff structure is likely to lead to a considerably higher over-all level of tariff protection, while continuing balance of payments difficulties ate providing an excuse for the protection of local industry by quantitative restriction.