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 ITALY-TRADE-JUNE 28, 1948 Agreement between the United States of America and Italy respecting the application of most-favored-nation treatment to areas under occu- pation or control. Effected by exchange of notes signed at Rome June 28, 194/8; entered into force June 28, 1948. The American Ambassador to the ItalianMinister of ForeignAffairs ROME, June 28, 1948. 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 Italy and to confirm the understanding 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 Ger- many, Japan or southern Korea, the Government of Italy will apply to the merchandise trade of such areas the provisions relating to the most favdred nation treatment of the merchandise trade of the United States of America set forth in the Treaty of Friendship, Commerce and Navigation, signed February 2, 1948 [1] (and, pending the entry into force of such Treaty, in the exchange of Notes on commercial policy of August 14, 1947), or, for such time as the Governments of the United States of America and Italy may both be contracting parties to the General Agreement on Tariffs and Trade, dated October 30, 1947, the provisions of that agreement, as now or hereafter amended, relating to the most favored nation treatment of such trade. It is understood that the undertaking in this paragraph relating to the ap- plication of the most favored nation provisions of the Treaty of Friend- ship, Commerce and Navigation 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, and that the undertaking relating to the exchange of notes on com- mercial policy shall be subject to such exceptions and to the excep- tions recognized in the Treaty of Friendship, Commerce and Naviga- tion; provided that nothing in this sentence shall be construed to require compliance with the procedures specified in the general agree- ment with regard to the application of the exceptions in the general agreement. 2. The undertaking in point 1 above will apply to the 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 mer- chandise trade of Italy. l Treaties and Other International Acts Series 1965. 61 Stat., Pt. 4, p. 3962. 61 Stat., Pts. 5 lad6. 62 STAT.] 2913 F. O. No. 1445 June 28, 1948 [T. I. A. S. 1829]

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