Page:United States Statutes at Large Volume 62 Part 3.djvu/249

 62 STAT.] PORTUGAL-ECONOMIC COOPERATION-SEPT. 28, 1948 2857 Desiring to set forth the understandings which govern the furnish- ing of assistance by the Government of the United States of America under the Economic Cooperation Act of 1948, the receipt of such 62Stat. ,Pt.l ,p .137. assistance by Portugal, and the measures which the two Governments will take individually and together in furthering the recovery of Portugal as an integral part of the joint program for European recovery; Have agreed as follows: Article I (Assistance and Cooperation) 1. The Government of the United States of America undertakes to cooperate with the Government of Portugal in furthering the purposes set forth in the Preamble by facilitating the acquisition by Portugal of such commodities as it may require from the United States of America in carrying out the joint program for European recovery, and as may be agreed from time to time by the two Governments. This undertaking on the part of the Government of the United States of America is subject to all the terms, conditions and termination provisions of the Economic Cooperation Act of 1948, acts amendatory and supplementary thereto and appropriation acts thereunder. 2. The Government of Portugal, acting individually and through the Organization for 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 partici- pating in such a joint recovery program to become independent of extraordinary outside economic assistance within the period of this Agreement. The Government of Portugal reaffirms its intention to take action to carry out the provisions of the General Obligation of the Convention for European Economic Cooperation, to continue to participate actively in the work of the Organization for European Economic Cooperation, and to continue to adhere to the purposes and policies of the Economic Cooperation Act of 1948. 3. With respect to assistance furnished by the Government of the United States of America to Portugal and procured from areas outside the United States of America, its territories and possessions, the Government of Portugal will cooperate with the Government of the United States of America in ensuring that procurement 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 arrangements made by the Government of the United States of America with such country.

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