Page:United States Statutes at Large Volume 62 Part 2.djvu/725

 2006 61 Stat., Pts. and6. 61 Stat., Pt. 5, p. A7. 61 Stat., Pt. 5 , p. A43. Modifications. Effective date. 61 Stat. , Pt. 5, p. A43. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. SPECIAL PROTOCOL MODIFYING ARTICLE XIV OF THE GENERAL AGREEMENT ON TARIFFS AND TRADE The Governments of the Commonwealth of Australia, the Kingdom of Belgium, Canada, the Republic of Cuba, the French Republic, the Grand-Duchy of Luxemburg, the Kingdom of the Netherlands, the United Kingdom of Great Britain and Northern Ireland, and the United States of America, acting in their capacity of contracting parties to the General Agreement on Tariffs and Trade, The Governments of the United States of Brazil, Burma, Ceylon, the Republic of Chile, the Republic of China, the Czechoslovak Re- public, India, Lebanon, New Zealand, the Kingdom of Norway, Pakis- tan, Southern Rhodesia, Syria, and the Union of South Africa, acting in their capacity of signatories to the Final Act adopted at the con- clusion of the Second Session of the Preparatory Committee of the United Nations Conference on Trade and Employment which authen- ticated the text of the General Agreement on Tariffs and Trade, BEING DESIROUS of modifying the text of Article XIV of the General Agreement on Tariffs and Trade, in the light of the text of the Havana Charter for an International Trade Organization which was authenti- cated by the Final Act of the United Nations Conference on Trade and Employment,['] HEREBY AGREE as follows: I. On and after January 1, 1949, Article XIV of the General Agree- ment on Tariffs and Trade shall read as follows: "Article XIV Exceptions to the Rule of Non-discrimination "1. (a) The contracting parties recognize that the aftermath of the war has brought difficult problems of economic adjustment which do not permit the immediate full achievement of non-discriminatory administration of quantitative restrictions and therefore require the exceptional transitional period arrangements set forth in this paragraph. (b) A contracting party which applies restrictions under Article 61 Stat., Pt. 5, XII may, in the use of such restrictions, deviate from the provisions of 61 Stat., Pt. 5, Article XIII in a manner having equivalent effect to restrictions on payments and transfers for current international transactions which that contracting party may at that time apply under Article XIV of 60 Stat.142 the Articles of Agreement of the International Monetary Fund, or Havana Charter for an International Trade Organization and Final Act and Related Documents. Department of State publication 3117.

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