4216 Economic and fi- nancial problems. Reconstruction of French economy. Extension of addi- tional credits to France. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. DECLARATION MADE IN PARIS BY THE PRESIDENT OF THE PRO- VISIONAL GOVERNMENT OF THE FRENCH REPUBLIC AND IN WASHINGTON BY THE PRESIDENT OF THE UNITED STATES ON MAY 28, 1946 [1] Representatives of the Provisional Government of the French Republic and the Government of the United States have met together in Washington and have discussed important economic and financial problems of common interest. These problems have included the need for foreign credits for reconstructing and modernizing the French economy, the settlement of lend-lease reciprocal aid and other war accounts, the purchase of United States surplus property situ- ated in France and certain French overseas territories, the purchase of ships owned by the United States, and international commercial policy. The discussions have brought out clearly the full agreement of the two Governments on cooperation in the fulfillment of the economic objectives which both Governments recognize as essential to world peace and prosperity. The well-being of the people of all nations can be advanced through a full flow of trade which enables each country to maintain higher levels of production and better standards of living. These benefits of world trade can be realized only as the markets of the world are opened to all countries on fair and equal terms. The two Governments are determined to work together in securing general international acceptance of the world trade pro- posals of the United States to be considered by a conference of the United Nations. The reconstruction and modernization of the French economy will facilitate the integration of Europe in the world economy and enable France to resume her place as a great producing and trading nation. The French Delegation has presented a program for reconstructing and modernizing the economy of France. The immediate objective is to restore French production to the prewar level; the ultimate objective is to expand French production to higher levels commen- surate with the technical progress of the past two decades. One requi- site for the fulfillment of this program is an adequate and assured supply of coal, not only from increased French production, but also from imports of German coal. The United States Government will continue to assist France in securing an adequate supply of coal from Germany. In the opinion of the American representatives, attainment of the objectives of increased production and trade presented by the French Delegation is necessary to the full and effective participation of France in the world economy. In furtherance of the efforts of the French people to this end, the United States has agreed to the extension of additional credits to France. At the end of 1945 the Export-Import Bank made a loan of $550 million to France. The Board of Directors of the Export-Import '[No French language text.]
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