Page:United States Statutes at Large Volume 61 Part 4.djvu/656

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. I appreciate very much the information set forth in your note. LOMBARDO Chief of the Italian Economic and FinancialDelegation The Honorable ROBERT A. LOVETT, Acting Secretary of State. The Chief of the ItalianEconomic and FinancialDelegation to the Acting Secretary of State ITALIAN EMBASSY WASHINGTON, D. C. Italian Economic and Financial Delegation AUGUST 14, 1947 SIR: I wish to express my satisfaction at the successful conclusion of discussions with the Government of the United States of America concerning commercial policy and related matters of mutual interest in furthering the economic relations between the Governments of the United States of America and Italy. I am authorized to inform you that my Government agrees to the following understandings which have resulted from these discussions: 1. The two Governments affirm their continued support of the principles set forth in the notes exchanged between them December 9 Stat. 1731 . 6, 1945, and reiterate their desire to achieve the elimination of all forms of discriminatory treatment in international commerce and the reduction of tariffs and other trade barriers. 2. The two Governments having already entered into preliminary discussions concerning a comprehensive treaty of friendship, com- merce and navigation which will regulate to their mutual satisfaction economic relations between the two countries, express their inten- tion to enter into negotiations looking toward the conclusion of such a treaty this year. Meanwhile, the two Governments will continue to accord to articles the growth, produce or manufacture of the other, unconditional most-favored-nation treatment with respect to customs duties, the rules and formalities of customs, and the taxation, sale, distribution, and use within its territory of such articles. I am also authorized, on behalf of my Government, to advise you that the Government of Italy has been following with deep interest the steps being taken to form an international trade organization of the United Nations and is in full agreement on the fundamental principles of the proposed charter for such an organiza- tion. 4004

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