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United States Department of State / Foreign relations of the United States diplomatic papers, 1937. The British Commonwealth, Europe, Near East and Africa

Italy,   pp. 435-506 PDF (27.1 MB)

Page 444

  4. According to the agreements of the Stresa Conference,"' Poland,
Austria, Hungary, Czechoslovakia, Rumania, Yugoslavia, and Bul-
garia are included as Danubian countries.
  5. It will be necessary to receive some indication as to the views of
the American Government concerning the supplementary protocol.
  There would, however, be no objection to its signature at a later date
subsequent to the signature of the principal agreement."
  Giannini 12 again stressed the hope that it would be possible to re-
ceive the Department's comments on the remaining articles as soon as
possible in order that the treaty may be signed in time to be submitted
to Congress before its adjournment. He also emphasized the im-
portance which the Italians attached to their proposals for a trade
agreement and stated he hoped it would be possible to learn whether
they were considered suitable as a basis for further discussions.
  When may I expect to receive remaining articles of the treaty?
T11.652/93: Telegram
The Acting Secretary of State to the Ambamsador in Italy (Philtip&)
                              WASHINGTON, June 23, 1937-6 p. m.
  111. Your 256, May 31,1937. Following are the Department's views
with respect to the points discussed in the Foreign Office memorandum:
  1) The Italian amendment of sub-paragraph (a) of our exchange
proposal constitutes a vital change and would so radically alter the
provision that it would fail to accomplish the objectives of this Gov-
ernment in respect of the transfer of commercial payments. This
leads us to believe that perhaps the Italian Government has not en-
visaged clearly the meaning and import of the provisions in reference.
  By way of further explanation, we would point out that the under-
lying purpose of sub-paragraph (a) as proposed by this Government
is to supplement the most-favored-nation and import restriction pro-
visions of Article 8 in such manner as will render those provisions
effective and assure that American traders in Italy will in fact enjoy
the kind of treatment stipulated. In this connection, it would seem
obvious that if American traders can not receive payment for their
goods exported to Italy or be certain that no prohibitions or restric-
tions will be placed upon the transfer of commercial payments, trade
would be restricted and channelized effectively even though it may
be entitled to most-favored-nation treatment in tariff matters and
fair and equitable treatment in respect to import restrictions as defined
"See British Cmd. 4880, Misc. No. 2 (1935): Joint Resolution of the
Conference, including the Anglo-Italian Declaration and the Final Declaration,
Stresa, April 14, 1935.
'2A. Giannini, Director of Commercial Affairs of the Italian Foreign Office.

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