Page:United States Statutes at Large Volume 49 Part 2.djvu/1802

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3808 RECIPROCAL TRADE-BRAZIL . Fehruary 2,193;;, Agreement, Supplementary Agreement, and exchange oj notes between the United States oj America and Brazil respecting reciprocal trade. Signed at lVashington, February 2, 1935; supplementary agreement sign,ed at Rio de Janeiro, April 17, 1935; approved and confirmed by the President oj the United States, lJlarch 6, and April 25, 1935; ratified by the President oj Brazil, November 30 1 1935; instrumfnts oj approval and conjirm,ation and instrument oj ratificat1:on excha.ngfd at Rio de Janeiro, December 2, 1935; proclaimed, December 2, 1935; effective January 1, 1936. By THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION a:e::f;t~C~~c.. t;;i~h WHEREAS it is provided in the Tariff Act of 1930 of the Congress of B~~i~ยท46. p. 708; Vol. the United States of America, as amended by the Act of June 12, ~.p.943. 1934, entitled "AN ACT To Amend the Tariff Act of 1930" (48 Stat. 943), as follows: Statlltl,ryprovisions. "Sec. 350. (a) For the purpose of expanding foreign markets for the products of the United States (as a means of assisting in the present emergency in restoring the American standard of living, in overcoming domestic unemployment and the present economic depression, in increasing the purchasing power of the American public, and in establishing and maintaining a better relationship amon~ various branches of American a,griculture, industry, mining, and commerce) by regulating the adInission of foreign goods into the United States in accordance with the characteristics and needs of various branches of American production so that foreign markets will be made available to those branches of American production which require and are capable of developing such outlet.s by affording corresponding market opportunities for foreign products in the United States, the President, whenever he finds as a fact that any existing duties or other import restrictions of the United States or any foreign country are unduly burdening and restricting the foreign trade of the United States and that the purpose above declared will be promoted by the means hereinafter specified, is authorized from time to time- " (1) To enter into foreign trade agreements with foreign gOY ern- ments or instrumentalities thereof; and "(2) To proclaim such modifications of existing duties and other import restrictions, or such additional import restrictions, or such continuance, and for such minimum periods, of existing customs or excise treatment of any article covered by foreign trade agreements, as are required or appropriate to carry out any foreign trade agreement that the President has entered into hereunder. No proclamation shall be made increasing or decreasing by more than 50 per centum finv existing rate of duty or transferring any article between the dutinbie and free lists. The proclaimed duties and other import restrictions shall r.,pply to articles the growth, produce, or ma.nufacture of 311