2940 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. Organization relating to the reduction of tariffs on a mutually ad- vantageous basis. 4. It is recognized that the absence of a uniform rate of exchange for the currency of the areas in western Germany, Japan or southern Korea referred to in point 1, above, may have the effect of indirectly subsidizing the exports of such areas to an extent which it would be difficult to calculate exactly. So long as such a condition exists, and if consultation with the Government of the United States of America fails to reach any agreed solution to the problem, it is understood that it would not be inconsistent with the undertaking in point 1 for the Government of the Republic of Turkey to levy a countervailing duty on imports of such goods equivalent to the estimated amount of such subsidization, where the Government of the Republic of Turkey de- termines that the subsidization is such as to cause or threaten material injury to an established domestic industry or is such as to prevent or materially retard the establishment of a domestic industry. 5. The undertakings in this Note shall remain in force until Janu- ary 1, 1951, and unless at least six months before January 1,1951, either Government shall have given notice in writing to the other of inten- tion to terminate these undertakings on that date, they shall remain in force thereafter until the expiration of six months from the date on which such notice shall have been given. Please accept, Excellency, the renewed assurances of my highest consideration. N. SADAK His Excellency EDWIN C. WILSON, Ambassador of the United States of America. Ankara
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