Page:United States Statutes at Large Volume 52.djvu/1515

 52 STAT.] CHILE-COMMERCIAL RELATIONS- Jan. 6 1938 1479 Feb. 1, 1938 Jannary 6 and Provisionalcommercial agreement between the United States of America February 1,1938 and Chile. Effected by exchange of notes, signed January 6 and IE A S No. 119 February 1, 1938; effective provisionally February1, 1938. The American Charge d'Affaires (Frost) to the Chilean Minister for Foreign Affairs (Gutierrez) No. 616 EMBASSY OF THE UNITED STATES OF AMERICA, Santiago, January6, 1938. EXCELLENCY: I have the honor to confirm to Your Excellency the terms of the ,crovl naitomme provisional commercial agreement which our respective Governments Chile- have agreed to establish pending the negotiation of a more compre- hensive commercial agreement or of a definitive treaty of friendship, commerce and navigation, as follows: 1. The contracting parties agree to concede reciprocally uncondi- ,MoSt-favared-nation tional and unlimited most-favored-nation treatment in all that con- cerns customs duties and all accessory imposts, the manner of applying duties as well as the rules and formalities to which customs operations can be submitted. 2. In the event that the Government of the United States of America tQnoattiver e strio or the Republic of Chile establishes or maintains any form of quanti- tative restriction or control of the importation or sale of any article in which the other country has an interest, or imposes a lower duty or charge on the importation or sale of a specified quantity of any such article than the duty or charge imposed on importations in excess of such quantity, it shall allot to the other country during any quota period a share of the total quantity of any such article permitted to be imported or sold or permitted to be imported or sold at such lower duty or charge which is equivalent to the proportion of the total im- portation of such article which such other country supplied during a previous representative period, unless it be mutually agreed to dis- pense with such allocation. 3. a) The Government of Chile confirms its previous declarations mExchange cntrol and reiterates that it will take the steps necessary to abolish, as soon as its international economic position permits it to do so, the exchange control measures affecting the transfer of payments for articles the growth, produce or manufacture of the United States of America. b) Until such time the Government of Chile will avoid exchange control measures involving the use of exchange at rates higher than those which would be set by the free supply and demand of the market. 4. It is understood that the advantages now accorded or which Rev.atios. may hereafter be accorded by the United States of America, its ter-

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