Page:United States Statutes at Large Volume 61 Part 3.djvu/197

 61 STAT.] UNITED KINGDOM-GERMANY-DEC. 2, 1946 2475 Memorandum of agreement between the United States of America and the December 2,1946 United Kingdom respecting the economic fusion of American and T. .A. S .1575] British zones of occupation in Germany. Signed December 2, 1946. MEMORANDUM OF AGREEMENT Representatives of the two Governments have met at Washington to discuss the questions arising out of the economic fusion of their zones of occupation in Germany. They have taken as the basis of their discussion the fact that the aim of the two Governments is to achieve the economic unity of Germany as a whole, in accordance with the agreement reached at Potsdam on 2nd August, 1945. The arrangements set out hereunder, for the United States and United Kingdom Zones, should be regarded as the first step towards the achievement of the economic unity of Germany as a whole in ac- cordance with that agreement. The two Governments are ready at any time to enter into discussions with either of the other occupying powers with a view to the extension of these arrangements to their zones of occupation. On this basis, agreement has been reached on the following para- graphs :- 1. Date of inception. This agreement for the economic fusion of the two zones shall take effect on 1st January, 1947. 2. Pooling of resources. The two zones shall be treated as a single area for all economic purposes. The indigenous resources of the area and all imports into the area, including food, shall be pooled in order to produce a common standard of living. 3. German administrative agencies. The United States and United Kingdom Commanders-in-Chief are responsible for setting up under their joint control the German administrative agencies necessary to the economic unification of the two zones. 4. Agency for foreign trade. Responsibility for foreign trade will rest initially with the Joint Export-Import Agency (United States-United Kingdom) or such other agency as may be established by the two Commanders-in-Chief. This responsibility shall be transferred to the German administrative agency for foreign trade under joint super- vision to the maximum extent permitted by the restrictions existing in foreign countries at any given period. (All references in this agree- ment to the Joint Export-Import Agency shall apply to this agency or to any agency established by the two Commanders-in-Chief to succeed it.) 5. Basis of economic planning. The aim of the two Governments is the achievement by the end of 1949 of a self-sustaining economy for the area.

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