Page:United States Statutes at Large Volume 51.djvu/363

 ITALY-COMMERCIAL RELATIONS-DECEMBER 16, 1937 361 Temporary commercial arrangementbetween the United States of America December 16, 1937 and Italy. Effected by exchange of notes, signed December 16, 1937. [E A S. No. 1161 THE AMBASSADOR OF THE UNITED STATES OF AMERICA TO THE MINISTER OF FOREIGN AFFAIRS OF ITALY ROME, December 16, 1937. EXCELLENCY, Inasmuch as the Treaty of Commerce and Navigation between the United States and Italy, signed at Florence, February 26, 1871, which terminated on December 15, 1937, in consequence of the joint notice of denunciation of December 15, 1936, provided for the most- favored-nation treatment in customs matters and negotiations for a new treaty to replace it have not been completed, it seems desirable that steps be taken now to determine the treatment which will be accorded by each country to the commerce of the other during the interval between the date on which the treaty of 1871 terminated and the date on which the proposed new treaty will come into force. In the course of the negotiations of the proposed treaty, the govern- ments of the two countries have tentatively agreed upon the pro- visions of Article VIII thereof which deals with customs duties, import prohibitions and restrictions, import licenses, exchange con- trol, and monopolies affecting imports and is annexed hereto. It is agreed that on its part the Government of Italy will in fact apply the provisions of Article VIII of the proposed new treaty on and after December 15, 1937, and that the Government of the United States on its part will continue to accord to articles the growth, produce or manufacture of Italy the benefits of the minimum rates of the American tariff as established in its trade agreements with other countries (Cuba excepted), until 30 days after notice by either party of its intention to discontinue such treatment. It is understood that the stipulations of this temporary arrangement do not apply to: A) Preferential advantages which Italy accords to Austria, Albania, Bulgaria, Hungary, and Yugoslavia between December 15, 1937 and December 31, 1937. B) Preferential tariff advantages which Italy accords to Austria after December 31, 1937 under the terms of the treaty between Italy and Austria signed at Rome on November 30, 1937. I avail myself of this opportunity to renew to your Excellency the expression of my highest consideration. WILLIAM PHILLIPS. Temporary c o m - mercial arrangement with Italy. Treaty of 1871 ter- minated. 17 Stat. 845 . Tentative agree- ment to Article VIII of proposed treaty. PoKW,p. 362 . Application of, on and after 1ecemnler 15, 13P7. Exceptions.

�