Page:United States Statutes at Large Volume 62 Part 2.djvu/1138

 2426 62 Stat., Pt. 1, p. 137. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. the measures which the two Governments will take individually and together in furthering the recovery of Italy as an integral part of the joint program for European Recovery; Have agreed as follows: Article I Assistane and Cooperation 1. The Government of the United States of America undertakes to assist Italy by making available to the Government of Italy or to any person, agency or organization designated by the latter Government, such assistance as may by requested by it and approved by the Government of the United States of America. The Government of the United States of America will furnish this assistance under the provisions, and subject to all of the terms, conditions, and termination provisions of the Economic Cooperation Act of 1948, Acts amen- datory and supplementary thereto and Appropriation Acts thereunder, and will make available to the Government of Italy only such commodities, services and other assistance as are authorized to be made available by such Acts. 2. The Government of Italy, acting individually and through the Organi- zation of European Economic Cooperation, consistently with the Convention for European Economic Cooperation signed at Paris on April 16, 1948 will exert sustained efforts in common with other participating countries speedily to achieve through a Joint Recovery Program economic conditions in Europe essential to lasting peace and prosperity and to enable the countries of Europe participating in such a Joint Recovery Program to become independent of extraordinary outside economic assistance within the period of this agreement. The Govern- ment of Italy reaffirms its intention to take action to carry out the provisions of the general obligations of the Convention of European Economic Cooperation, to continue to participate actively in the work of the Organization of Euro- pean Economic Cooperation, and to continue to adhere to the purposes and policies of the Economic Cooperation Act of 1948. 3. With respect to assistance furni.hed by the Government of the United States of America to Italy and procured from areas outside the United States of America, its territories and possessions, the Government of Italy will cooperate with the Government of the United States of America in ensuring that procur- ement will be effected at reasonable prices and on reasonable terms, and so as to arrange that the dollars thereby made available to the country from which the assistance is procured are used in a manner consistent with any arrange- ments made by the Government of the United States of America with such country. Article II Ge"nral Udertakig 1. In order to achieve the maximum recovery through the employment of assistance received from the Government of the United States of America, the Government of Italy will use its best endeavors;

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