2256 Texts. Plenipotentiaries. Residence and travel. Rights and privi- 7eges. Post, p. 2296. TREATIES [63 STAT. TREATY OF FRIENDSHIP, COMMERCE AND NAVIGATION between the United States of America and the Italian Republic The UNITED STATES OF AMERICA and the ITALIAN REPUBLIC, desirous of strengthening the bond of peace and the traditional ties of friendship between the two countries and of promoting closer intercourse between their respective territories through provisions responsive to the spiritual, cultural, economic and commercial aspirations of their peoples, have resolved to conclude a Treaty of Friendship, Commerce and Navigation based in general upon the principles of national and of most-favored-nation treatment in the unconditional form, and for that purpose have appointed as their Plenipotentiaries, TEE PRESIDENT OF THE UNITED STATES OF AMERICA: Mr. JAMES CLEMENT DUNN, Ambassador Extraordinary and Plenipotentiary of the United States of America to the Italian Republic, and, THE PRESIDENT OF THE ITALIAN REPUBLIC: The Honorable CARLO SFORZA, Minister Secretary of State for Foreign Affairs. Who, having communicated to each other their full powers found to be in due form, have agreed upon the following Articles: Article I 1. The nationals of either High Contracting Party shall be permitted to enter the territories of the other High Contracting Party, and shall be permitted freelyto reside and travel therein. 2. The nationals of either High Contracting Party shall, within the ter- ritories of the other High Contracting Party, be permitted, without interference, to exercise, in conformity with the applicable laws and regulations, the following rights and privileges upon terms no less favorable than those now or hereafter accorded to nationals of such other High Contracting Party: (a) to engage in commercial, manufacturing , processing, financial, scientific, educational, religious, philanthropic and professional activities except the practice of law; (b) to acquire, own, erect or lease, and occupy appropriate buildings, and to lease appropriate lands, for residential, commercial, manufacturing, processing, financial, professional, scientific, educational, religious, philanthropic and mortuary purposes;
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