Page:United States Statutes at Large Volume 49 Part 2.djvu/1869

 RECIPROCAL TRADE-COLOMBIA. 3875 Agreement and joint declaration between the United States oj America September 13, 1936. and Colombia respecting reciprocal trade. Signed at lVashington, September 13, 1935; approved and confirmed by the President oj the United States, October 25, 1935; ratified by the President oj the Re- public oj Oolombia, April 20, 1936; instrument oj approval and con- firmation and instrument oj ratification exchanged at Bogota, April 20, 1936; proclaimed by the President oj the United States, April 20, 1936; effective May 20, 1936. By TH}~ PRESIDENT OF 'I 'HE rNITED STATES OF AMERICA A PROCLA~1ATION WHEREAS it is provided in the Tariff Act of 1930 of the Congress a::r!reit~l: of the United States of America, as amended by the Act of June 12, bitol. 46, p. i~; Vol. 1934, entitled "AN ACT To Amend the Tariff Act of 1930" (48 Stat. 48, p. 943. 943), as follows: "Sec. 350. (a) :For the purpose of expanding foreign markets for Statutory provisions. the products of the United States (as a means of assisting in the present emergency in restoring the American standard of living, in overcoming domestic unemployment and the present economic de- pression, in increasing the purchasing power of the American public, and in establishing and maintaining a better relationship among various branches of American agriculture, industry, mining, and commerce) by regulating the admission of foreign goods into the United States in accordance with the characteristics and needs of various branches of American production so that foreign markets will be made available to those branches of American production which require and are capable of developing such outlets by affording corresponding market opportunities for foreign products in the United States, the President, whenever he finds as a fact that any existing duties or other import restrictions of the United States or any foreign country are unduly burdening and restricting the foreign trade of the United States and that the purp'0se above declared will be promoted by the means hereinafter specified, is authorized from time to time- "(1) To enter into foreign trade agreements with foreign govern- ments or instrumentalities thereof; and H(2) To proclaim such modifications of existing duties and other import restrictions, or such additional import restrictions, or such continuance, and for such minimum periods, of existing customs or excise treatment of any article covered by foreign trade agreements, as are required or appropriate to carry out any foreign trade agree- ment that the President has entered into hereunder. No proclamation shall be made increasing or decreasing by more than 50 per centum any existing rate of duty or transferring any article between the dutiable and free lists. The proclaimed duties and other import restrictions shall apply to articles the growth, produce, or manufac- ture of all foreign countries, whether imported directly, or indirectly: Provided, That the Preeident may suspend the application to articles the growth, produce, or manufacture of any country because of its l4019°-:~G-I'T 1l-116