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 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. Agreement between the United States of America and Ireland respecting the application of most-favored-nation treatment to areas under occu- pation or control. Effected by exchange of notes signed at Dublin June 28, 1948; entered into force June 28, 1948. The American Minister to the Irish Minister for External Affairs JUNE 28, 1948. 618tat.. Pts. 6aind6. 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 Ireland 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 Amer- ica participates in the occupation or control of any areas in Western Germany, the Free Territory of Trieste, Japan or Southern Korea, the Government of Ireland will extend to the merchandise trade of such areas the most favored nation treatment for the time being accorded to the merchandise trade of the United States of America. It is understood that the undertaking in this paragraph relating to the extension of most favored nation treatment 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 sentence 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 Ireland. 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 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 'Department of State publication 3117. June 28, 1948 IT. 1. A. S. 18281 No. 232 2910

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