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 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [56 STAT. ties which any one of them accords or may accord to the products of Bolivia or Paraguay, so long as these exemptions and facilities are not extended to any third country. The conversations to which I have referred have disclosed a mutual understanding which is as follows: (1) The Government of the United States of America will not invoke Ante, p. 162. the provisions of article I of the trade agreement signed this day for the purpose of obtaining the benefit of tariff preferences meeting the requirements of the aforementioned formula recommended by the Inter-American Financial and Economic Advisory Committee ac- corded by Uruguay to contiguous countries, Bolivia, or Paraguay, it being understood that if any such preference should be extended by Uruguay to any third country it would be extended immediately and unconditionally to the United States; (2) the Government of the United States of America will not invoke the provisions of articles Antel,pp. 162 . III and IV of the trade agreement for the purpose of obtaining the benefit of any exchange or quota preferences accorded by Uruguay to contiguous countries, Bolivia, or Paraguay on the understanding that such preferences shall cease when the present world conflict shall have terminated, except as may be otherwise agreed upon by the Governments of the United States of America and Uruguay upon the recommendation of the Mixed Commission provided for in the Ante, p. 163. second paragraph of article XII of the trade agreement. Accept, Mr. Ambassador, the renewed assurances of my highest consideration. ALBEBTO GUANI The Honorable WILLIAM DAWBON, Ambassador Extraordinaryand Plenipotentiary of the United States of America.

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