Page:United States Statutes at Large Volume 62 Part 3.djvu/292

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. tariff barriers to imports into the areas herein concerned. In the event that such tariff barriers are imposed, it is understood that such undertakings shall be without prejudice to the application of the principles set forth in the Havana Charter for an International Trade Organization [1] relating to the reduction of tariffs on a mutually advantageous basis. 4. It is recognized that the absence of a uniform rate of exchange for the currency of the areas in western Germany, Japan or southern Korea referred to in point 1 above may have the effect of indirectly subsidizing the exports of such areas to an extent which it would be difficult to calculate exactly. So long as such a condition exists, and if consultation with the Government of the United States of America fails to reach an agreed solution to the problem, it is understood that it would not be inconsistent with the undertaking in point 1 for the Government of Greece to levy a countervailing duty on imports of such goods equivalent to the estimated amount of such subsidization, where the Government of Greece determines that the subsidization is such as to cause or threaten material injury to an established domestic industry or is such as to prevent or materially retard the establishment of a domestic industry. Duration. 5. The undertakings in this Note shall remain in force until January 1, 1951, and unless at least six months before January 1, 1951. either Government shall have given notice in writing to the other of intention to terminate these undertakings on that date, they shall remain in force thereafter until the expiration of six months from the date on which such notice shall have been given. Please accept, Excellency, the renewed assurances of my highest consideration. K. L. RANKIN Charge d'Affaires ad interim His Excellency CONSTANTINE TSALDARIS, Minister of ForeignAffairs, Athens. The Greek Minister of Foreign Affairs to the American Charge d'Affaires ad interim ROYAUME DE GRECE MINISTERE DES AFFAIRES ETRANGERES No. 6344 ATHENS, July 2, 1948 SiR: I have the honor to refer to the conversations which have recently taken place between representatives of our two Governments relating 'Department of State publication 3117. 2900

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