Page:United States Statutes at Large Volume 61 Part 5.djvu/87

 INTERNATIONAL A(:REEMENTS (VI'HER THAN TREATIES [61 STAT. ad Article II Paragraph 2 (b) See the note relating to paragraph 1 of Article I. Paragraph 4 Except where otherwise specifically agreed between the contracting parties which initially negotiated the concession, the provisions of this paragraph will be applied in the light of the provisions of Article 31 of the Draft Charter referred to in Article XXIX of this Agreement. ad Article V Paragraph S With regard to transportation charges, the principle laid down in paragraph 5 refers to like products being transported on the same route under like conditions. ad Article VI Paragraph 1 Hidden dumping by associated houses (that is, a sale by an importer at a price below that corresponding to the price invoiced by an exporter with whom the importer is associated, and also below the price in the exporting country) constitutes a form of price dumping. Paragraph 2 Multiple currency practices can in certain circumstances constitute a subsidy to exports which may be met by countervailing duties under paragraph 2 or can constitute a form of dumping by means of a partial depreciation of a country's currency which may be met by action under paragraph 1 of this Article. By "multiple currency practices" is meant practices by governments or sanctioned by governments. Paragraph 7 The obligations set forth in paragraph 7, as in the case of other obligations under this Agreement, are subject to the provisions of Article XIX. ad Article VII Paragraph 1 Consideration was given to the desirability of replacing the words "at the earliest practicable date" by a definite date or, alternatively, by a provision for a specified limited period to be fixed later. It was appreciated that it would not be possible for all contracting parties to give effect to these principles by a fixed time, but it was nevertheless understood that a majority of the contracting parties would give effect to them at the time the Agreement enters into force.

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