Page:United States Statutes at Large Volume 56 Part 2.djvu/602

This page needs to be proofread.

56 STAT.] ARGENTINA-RECIPROCAL TRADE-OCT. 14, 1941 Agreement and supplemental exchanges of notes between the United States of America and Argentina respecting reciprocal trade. Signed at Buenos Aires October 14, 1941; proclaimed by the President of the United States October 31, 1941; effective provisionally on and after November 15, 1941; ratified by the Presidentof the Argentine Republic August 27, 1942; proclamationandinstrument of ratificationexchanged at Washington December 9, 1942; supplementary proclamation by the President of the United States December 11, 1942; effective definitively January 8, 1943. October 14, 1941 [E.A. 8. 277] BY THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION WHEREAS it is provided in the Tariff Act of 1930 of the Congress of the United States of America, as amended by the Act of June 12, 1934, entitled "AN ACT To amend the Tariff Act of 1930" (48 Stat. 943), which amending Act was extended by Joint Resolutions of Congress, approved March 1, 1937 (50 Stat. 24), and April 12, 1940 (54 Stat. 107), as follows: "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 among various branches of American agriculture, industry, mining, and commerce) by regulating the admission of foreign goods into the United States in accordance with the characteristics and needs of various branches of American pro- duction so that foreign markets will be made available to those branches of American production which require and are capable of developing such outlets 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 governments 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 19U. .C.II1351- 13541 1685