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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
(1937)

Yugoslavia,   pp. 584-595 ff. PDF (4.3 MB)


Page 591


YUGOSLAVIA
ernment is therefore able to accept a limitation of imports of any
article produced in the United States to a given percentage of the
imports from the United States of such article in a given period only
if the global amount of such imports from all countries is similarly
restricted, and the percentage applying to imports from the United
States is not less than that applying to the global amount of imports
of the article in question.
  The principle described above is illustrated by the following figures,
which are purely hypothetical:
                                Imports into       Proposed imports
                                Yugoslavia in     into Yugoslavia
                                base period            in 1938
    From all countries             100                      80
    From the United States          25                     20
  Assuming that imports of any restricted article from all countries
are reduced to 80 percent of the amount imported in the base period,
then the Yugoslav Government would be required by the above for-
mula to be prepared to grant permits for the importation from the
United States of an amount of the restricted article equal to not
less than 80 percent of the amount imported from the United States
in the base period.
  It should be observed that the United States would not under this
formula, require that the percentage applied to imports from the
United States be as favorable as that applied to any individual coun-
try, but only that it be as favorable as that applied to all countries in
the aggregate.
  (2) In general, this Government holds that quantitative restric-
tions applied in accordance with the formula indicated above should
be applied separately to each article and in terms of the physical quan-
tity of imports of each article. In view, however, of the peculiar
difficulties faced by Yugoslavia at the present time, this Government
would be prepared to accept temporarily the application of the form-
ula to the total value of imports of- each of the controlled articles,
should the Yugoslav Government consider this preferable.
  (3) This Government will be prepared to give careful consideration
to any proposals which the Yugoslav Government may make with a
view to giving exceptional treatment to any particular controlled
article or articles. If examination of the economic circumstances
affecting trade in such an article should make it appear that in the
absence of quantitative restrictions Yugoslav imports of such an
article from the United States would in all probability bear a smaller
ratio to imports in any previous period than would total imports of
that article, then this Government would be prepared to accept an
appropriate modification of the formula indicated above, with respect
to the article in question.
591


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