Page:United States Statutes at Large Volume 62 Part 3.djvu/312

 2920 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. II. The commitment undertaken in the above paragraph shall apply to all zones subjected to military occupation only as long as and to the extent that the aforesaid zones grant, reciprocally, most-favored- nation treatment to trade with Luxembourg. III. The commitments undertaken in paragraphs I and II herein- above have been assumed in consideration of the present absence of customs barriers applying to imports into the occupation zones thus defined. In the event such customs barriers are established, it is understood that the aforesaid commitments shall not prejudice in any way the application of the principles expressed in the Havana Charter for an International Trade Organization concerning the reduction of tariffs on a mutually advantageous basis. IV. It is recognized that the absence of a uniform rate of exchange for the currency of the zones of Western Germany mentioned in paragraph I hereinabove may have the effect of indirectly subsidizing exports from those zones in a manner which may be difficult to estimate exactly. As long as such a condition exists, and if consulta- tions with the United States Government do not make it possible for this problem to be solved by common agreement, it is understood that it would not be contrary to the obligations assumed in paragraph I by the Luxembourg Government to impose an equivalent duty on imports of such goods in order to make up for the appraised amount of such subsidies, in case the Luxembourg Government should decide that the subsidy is such as to cause or threaten to cause material damage to a national industry, or such as to prevent or delay the establishment of a national industry. V. The agreements reached in this exchange of letters shall remain in force until January 1, 1951, and, unless one of the Governments gives to the other Government, at least six months before January 1, 1951, written notice of its intention to terminate these commitments on that date, the said commitments shall remain in force until the expiration of a period of six months after the (late on which the intention to terminate them has been notilied. I avail myself of this occasion, Mr. Charg6 d'Affaires, to renew to you the assurances of my most distinguished consideration. For the Minister of Foreign Affairs, Prime Minister, Presidentof the Government, P. DUPONG MR. GEORGE P. WALLER, Charge d'Affaires ad interim of The United States of America, Luxembourg

�