Page:United States Statutes at Large Volume 69.djvu/455

 69 S T A T. 1

PUBLIC LAW 196-AUG. 1, 1955

Public Law 196

413

CHAPTER 438 AN ACT

Belating to revisions of the executive agreement concerning trade and related matters entered into by the President of the United States and the President of the Philippines on July 4, 1946. Be it enacted by the Senate and House of Representatives United States of America in Congress assembled,

August 1, 1955 [A R. 6059]

of the A^e^m^nV*!?^'^^sion Act of 19S5«

TITLE I—SHORT TITLE AND DEFINITION SECTION 1. SHORT TITLE.

This Act may be cited as the "Philippine Trade Agreement Revision Act of 1955". SEC. 2. REVISED AGREEMENT DEFINED. For purposes of this Act, the term "revised agreement" means the executive agreement concerning trade and related matters entered into by the President of the United States and the President of the Philippines on July 4, 1946, as such executive agreement is revised p/26n!"** ^** ^' pursuant to the authority contained in section 201 of this Act. TITLE II—REVISION OF TRADE AGREEMENT WITH THE REPUBLIC OF THE PHILIPPINES SEC. 201. AUTHORITY TO REVISE THE 1946 AGREEMENT.

I n order to make revisions proposed by the delegations of the Governments of the United States of America and of the Republic of the Philippines in the "Final Act of Negotiations Relative to Revision of the 1946 Trade Agreement Between the United States of America and the Republic of the Philippines" signed at Washington, December 15, 1954, as corrected, the President of the United States is hereby authorized to enter into an agreement with the President of the Philippines revising the executive agreement concerning trade and related matters entered into by the President of the United States and the President of the Philippines on July 4, 1946, so that such executive agreement, as so revised, will read as follows: "AGREEMENT BETWEEN THE UNITED STATES OF AMERICA AND THE REPUBLIC OF THE P H I L I P P I N E S C O N C E R N I N G TRADE A N D R E L A T E D M A T T E R S DURING A TRANSITIONAL PERIOD FOLLOWING THE INSTITUTION OF PHILIPPINE INDEPENDENCE, S I G N E D A T M A N I L A ON J U L Y 4, 1946, A S R E VI S E D "The President of the United States of America and the President of the Republic of the Philippines, mindful of the close economic ties between the people of the United States and the people of the Philippines during many years of intimate political relations, and desiring to enter into an agreement in keeping with their long friendship, which w411 be mutually beneficial to the two peoples and will strengthen the economy of the Philippines so as to enable that Republic to contribute more effectively to the peace and prosperity of the free world, have agreed to the following Articles:

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