Page:United States Statutes at Large Volume 62 Part 3.djvu/316

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. July 3, 1948 [T. I.A. S. 1832] Agreement between the United States of America and Norway respecting the application of most-favored-nation treatment to areas under occu- pation or control. Effected by exchange of notes signed at Oslo July 3, 1948; entered intoforce July 3, 1948. The American Ambassador to the Norwegian Minister for Foreign Affairs THE FOREIGN SERVICE OF THE UNITED STATES OF AMERICA No. 607. OSLO, July 3,1948. 61 Stat, Pts. 5 and 6. EXCELLENCY: I have the honor to refer to the conversations which have recently taken place between the representatives of our two Governments relat- ing to the territorial application of commercial arrangements between the United States of America and Norway 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 America participates in the occupation or control of any areas in western Ger- many, the Free Territory of Trieste, Japan or southern Korea, the Royal Norwegian Government will apply to the merchandise trade of such area the provisions of the General Agreement on Tariffs and Trade, dated October 30, 1947, as now or hereafter amended, relat- ing to the most-favored-nation treatment. 2. The undertaking in point 1, above, will apply to the merchan- dise 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 Norway. 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 it 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[ '] 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 Department of State publication 3117. 2924

�