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The Government of the Union of Soviet Socialist Republics and the Government of the Argentine Republic, desiring to develop trade relations on the basis of equality and mutual benefit for their two countries, have resolved to sign this Trade and Payments Agreement and have appointed as their plenipotentiaries for this purpose:

The Council of Ministers of the Union of Soviet Socialist Republics: Mr., Head of Department in the Ministry of Internal and Foreign Trade of the USSR;

and His Excellency the President of the Argentine Republic: Dr., Minister of Foreign Affairs; Dr. , Minister of Economic Affairs; Dr. , Minister of the Treasury;

Dr., Minister of Foreign Trade; Dr. , Minister of Finance; and Mr. , Minister of Industry and Trade.

SECTION I

GENERAL

Article 1

The Governments of the Union of Soviet Socialist Republics and the Argentine Republic agree to apply a system of strict reciprocity in trade relations between the two countries. They shall study and deal most sympathetically with any proposals which either Party may wish to put forward for consideration by the other for the purpose of facilitating and achieving closer economic relations.

The two Governments also undertake to grant, with respect to the goods to be exchanged, the maximum facilities permitted by their respective legislations in matters relating to duties, fees, taxes and fiscal charges and to the administrative rules and formalities governing the export, import, movement, conveyance and distribution of such goods. Similarly, the merchant vessels