Page:United States Statutes at Large Volume 62 Part 3.djvu/1068

 62 STAT.] MULTILATERAL-TARIFFS AND TRADE-SEPT. 14, 1948 protective measure affecting imports in force on 1 September 1947 which has been imposed for the establishment, development or recon- struction of a particular industry or branch of agriculture and which is not otherwise permitted by this Agreement; provided that notifica- tion has been given to the other contracting parties not later than 10 October 1947 of such measure and of each product on which it is to be maintained and of its nature and purpose. "12. Any contracting party maintaining any such measure shall within sixty days of becoming a contracting party submit to the CONTRACTING PARTIES a statement of the considerations in support of the maintenance of the measure and the period for which it wishes to maintain it. The CONTRACTING PARTIES shall, as soon as possible, but in any case within twelve months from the date on which such contracting party becomes a contracting party, examine and give a decision concerning the measure as if it had been submitted to the CONTRACTING PARTIES for their concurrence under paragraphs 1 to 10 inclusive of this article. "13. The provisions of paragraphs 11 and 12 of this article shall not apply to any measure relating to a product in respect of which the contracting party has assumed an obligation under article II of this Agreement. "14. In cases where the CONTRACTING PARTIES decide that a measure should be modified or withdrawn by a specified date, they shall have regard to the possible need of a contracting party for a period of time in which to make such modification or withdrawal." F Sub-paragraph (b) and the designation "(a)" in paragraph 5 of article XXVI shall be deleted. G (i) The following shall be inserted in Annex I immediately after the interpretative notes relating to article II: 3689 Ante,'pp. 3684-3688. 61 Stat., Pt. 5, p. 14. 61Stat., Pt.6.p.A70. 61 Stat., Pt. 5, p A86. "AD ARTICLE III "Any internal tax or other internal charge, or any law, regulation or requirement of the kind refered to in paragraph 1 which applies to an imported product and to the like domestic product and is col- lected or enforced in the case of the imported product at the time or point of importation, is nevertheless to be regarded as an internal tax or other internal charge, or a law, regulation or requirement of the kind referred to in paragraph 1, and is accordingly subject to the provisions of article III. "Paragraph1 "The application of paragraph 1 to internal taxes imposed by local governments and authorities within the territory of a contracting party is subject to the provisions of the final paragraph of article XXIV. The term 'reasonable measures' in the last-mentioned para- Ante, p. 3680. Alde, p. 3680. 61 tat., Pt.5,p.A67.

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