Page:United States Statutes at Large Volume 62 Part 3.djvu/320

 2928 61 Stat., Pts. and6. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. Translation THE ROYAL DEPARTMENT FOR FOREIGN AFFAIRS MR. AMBASSADOR: O, July 3,198. I have the honor to refer to the conversations which recently took place between representatives of our two Governments regarding the territorial application of certain trade regulations in force between Norway and the United States of America, and to confirm the fol- lowing agreement reached during the said conversations: 1. As long as the Government of the United States of America par- ticipates in the occupation or control of any territory in western Ger- many, the Free Territory of Trieste, Japan, or South Korea, the Royal Norwegian Government will accord trade with such territory most- favored-nation treatment in conformity with the provisions of the General Agreement of October 30, 1947 on Tariffs and Trade, whether it be in its present text or in a future, amended text. 2. The obligations under Point 1 above shall apply to the trade of such territory only for such a length of time and to such an extent as the said territory accords the trade of Norway reciprocal most-fa- vored-nation treatment. 3. The obligations under Points 1 and 2 above have been assumed by the Parties in view of the fact that at present there is no effective or appreciable customs protection for imports in such territory. In case such customs protection is introduced, it is understood that these obligations shall not constitute any obstacle to the application of the principles laid down in the Havana Charter for an International Trade Organization when it is a question of reducing customs tariffs on a mutually advantageous basis. 4. It is realized that the lack of a uniform rate of exchange for the territories in western Germany, Japan, and South Korea, referred to under Point 1 above may result in an indirect subsidizing of exports from such territories to an extent which it will be difficult to deter- mine exactly. As long as such a situation prevails, and if consulta- tions with the Government of the United States of America do not lead to a solution of the problem agreeable to both Parties, it is under- stood that it shall not be held incompatible with the obligations under Point 1 if the Royal Norwegian Government imposes a special duty (countervailing duty) on the importation of such goods, correspond- ing to the estimated amount of the subsidy whenever the Royal Nor- wegian Government finds that the subsidizing is such as to cause or threaten to cause serious damage to an established domestic industry or is of such nature as to prevent or seriously delay the building up of a domestic industry. The obligations under this note shall remain in force until January 1, 1951 and if neither Government shall have notified the other Gov- ernment in writing at least six months before January 1, 1951 that

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