61 STAT.] SWEDEN-RECIPROCAL TRADE-JUNE 24, 1947 Agreement between the United States of America and Sweden respecting June 24,1947 quantitative import restrictions, modifying temporarily the agreement iT.I. A.S.I171 of May 25, 1935. Effected by an exchange of aide-m6moire dated at Washington June 24, 1947; entered into force June 24, 1947. And an exchange of letters. The Swedish Legation to the Department of State LEGATION OF SWEDEN WASHINGTON 8, D . C. AIDE-MEMOIRE The Government of Sweden wishes to refer to the discussions which have recently taken place between its representatives and representa- tives of the Government of the United States of America, concerning the problems, in relation to the Commercial Agreement between the United States of America and Sweden of May 25, 1935, which have arisen as a result of the imposition of quantitative import restrictions by the Swedish Government on March 15, 1947. 1. During the course of these discussions the Swedish representa- tives have presented extensive information setting forth the serious reduction in Sweden's reserves of gold and foreign ex- change, and the resulting necessity of imposing measures of control for the purpose of correcting this situation. 2. With respect to goods en route or on order at the time of the imposition of quantitative import restrictions on March 15, 1947, the Government of Sweden, after consultation with the United States Government, has announced that licenses will be granted for the import of all commodities which were placed under import restrictions on that date, provided that the Swedish importer when applying for an import license establishes the following facts: a. that a bona fide contract contemplating delivery prior to October 1, 1947 had been entered into, on or before March 15, 1947, and b. that the delivery in Sweden of the goods mentioned in the contract will be effected before October 1, 1947. 3. The Government of Sweden brings to the notice of the United States Government the statement of its support of the principle of unrestricted, multilateral trade on the basis of free competition and of those policies which have for their purpose the encourage- ment of this principle, recently made in the official communique of May 12, 1947, regarding discussions between the Ministers of Foreign Affairs and other representatives of the Governments of Denmark, Norway and Sweden. The Swedish Government has 49 Stat. 3756. 3745
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