Page:United States Statutes at Large Volume 62 Part 3.djvu/417

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. October 15, 1948 [T. I. A. S. 18451 Principles of Agree- ment. 62 Stat., Pt. 1, p. 137. Agreement between the United States of America and the British/United States Zone, Free Territory of Trieste, respectingeconomic cooperation, under Public Law 472, 80th Congress. Signed at Trieste October 15, 1948; entered into force October 15, 1948. ECONOMIC COOPERATION AGREEMENT BETWEEN THE UNITED STATES OF AMERICA AND THE BRITISH/UNITED STATES ZONE, FREE TERRITORY OF TRIESTE. Preamble The Government of the United States of America and, on behalf of the British/United States Zone, Free Territory of Trieste, the Commander, British/United States Forces, Free Territory of Trieste: Recognizing that the restoration or maintenance in European countries of principles of individual liberty, free institutions, and genuine independence rests largely upon the establishment of sound economic conditions, stable international economic relationships, and the achievement by the countries of Europe of a healthy economy independent of extraordinary outside assistance; Recognizing that a strong and prosperous European Economy is essential for the attainment of the purposes of the United Nations; Considering that the achievement of such conditions calls for a European recovery plan of self-help and mutual cooperation open to all nations which cooperate in such a plan, based upon a strong production effort, the expansion of foreign trade, the creation or maintenance of internal financial stability and the development of economic cooperation, including all possible steps to establish and maintain valid rates of exchange and to reduce trade barriers; Considering that in furtherance of these principles the Commander, on behalf of the UK/US Zone, has joined with other like-minded nations in the Convention for European Economic Cooperation signed at Paris on April 16, 1948 ['] under which the signatories of that Convention agreed to undertake as their immediate task the elab- oration and execution of a joint recovery program, and that the UK/US Zone is a member of the Organization for European Economic Cooperation created pursuant to the provisions of that Convention; Considering also that, in furtherance of these principles, the Gov- ernment of the United States of America has enacted the Economic Cooperation Act of 1948, providing for the furnishing of assistance by the United States of America to nations participating in a joint program for European recovery, in order to enable such nations through their own individual and concerted efforts to become inde- pendent of extraordinary outside economic assistance; 1 Department of State publication 3145. 3026

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