Page:United States Statutes at Large Volume 62 Part 3.djvu/237

 PORTUGAL-TRADE -SEPT. 28, 1948 Agreement between the United States of America and Portugalrespecting the application of most-favored-natzon treatment to areas under occu- pation or control. Effected by exchange of notes signed at Lisbon September 28, 1948; entered into force September 28, 1948. The American Ambassador to the PortugueseMinisterfor ForeignAffairs EXCELLENCY: I have the honor to refer to the conversations which have recently taken place between representatives of our two Governments relating to the territorial application of commercial arrangements between the United States of America and Portugal and to confirm the under- standing reached as a result of these conversations as follows: 1. For such time as the Government of the United States of America participates in the occupation or control of any areas in western Germany and the Free Territory of Trieste, the Government of Portugal will apply to the merchandise trade of such area the provisions relating to the most-favored-nation treatment of the merchandise trade of the United States of America set forth in the Commercial Agreement signed June 28, 1910, [1] or for such time as the Governments of the United States of America and Portugal may both be contracting parties to the General Agreement on Tariffs and Trade, dated October 30, 1947, the provisions of that Agree- ment, as now or hereafter amended, relating to the most-favored- nation treatment of such trade. It is understood that the under- taking in this paragraph relating to the application of the most- favored-nation provisions of the Commercial Agreement shall be subject to the exceptions recognized in the General Agreement on Tariffs and Trade permitting departures from the application of most-favored-nation treatment; provided that nothing in this sen- tence shall be construed to require compliance with the procedures specified in the General Agreement with regard to the application of such exceptions. 2. The undertaking in point 1, above, will apply to the merchandise trade of any area referred to therein only for such time and to such extent as such area accords reciprocal most-favored-nation treatment to the merchandise trade of Portugal. 3. The undertakings in points 1 and 2, above, are entered into in the light of the absence at the present time of effective or significant tariff barriers to imports into the areas herein concerned. In the event that such tariff barriers are imposed, it is understood that such I Treaty Series 514%; 1910 Foreign Relations 828. September 28, 1948 [T. I. A. S. 1817] 61 Stat., Pts. 5 and 6. 2845 62 STAT.]

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