3682 RECIPROCAL TRADF~BELGO-LUXEMBURG ECONOMIC UNION. Luxury or license for which luxury or license taxes are specified in the said Schedule taxes. , to exempt such products from taxes in excess of those specified therein. Adjustingconfiicting In the event that the Government of either count1"V adopts any turms. ." Effective date. Duration. measure which, even though it does not conflict with the terms of this Agreement, is considered by the Government of the other country to have the effect of nullifying or impairing any object of the Agree- ment, the Government which has adopted any such measure shall consider such representations and proposals as the other Government may make with a view to effecting a mutually satisfactory adjust- ment of the matter. The present Agreement shall come into force on the thirtieth day following proclamation thereof by the President of the United States of America and the simultaneous publication of the said Agreement in the Moniteur Beige; and, except as hereinafter provided, shall remain in force and effect until six months from the day on which either Government shall give notice of its intention to terminate it. It is understood, however, that: Modificat!on;;, etc., (1) In the event that a wide variation occurs in the rate of exchange due to currency varia· tion. between the currencies of the United States of America and the Belgo- Luxemburg Economic Union, the Government of either country, if it considers the variation so substantial as to prejudice the industries or commerce of the country, shall be free to propose negotiations for the modification of this Agreement or to terminate it on thirty days' written notice. Right to abrogate. (2) The Government of each country reserves the right to with- etc. draw the concession granted on any article under this Agreement, or to impose quantitative restrictions on any such article if at any time there should be evidence that, as a result of the extension of such concession to third countries, such countries will obtain the major benefit of such concession and in consequence thereof an unduly large ~~:Us notice to be increase in importations of such article will take place: Provided that given. before the Government of either country shall avail itself of the foregoing reservation, it shall give notice in writing to the other Government of its intention to do so, and shall afford such other Government an opportunity within thirty days after receipt of such notice to consult with it in respect of the proposed action; and if an agreement with respect thereto is not reached within thirty days following receipt of the aforesaid notice, the Government which pro- poses to take such action shall be free to do so at any time thereafter, and the other Government shall be free within fifteen days after such action is taken to terminate this Agreement in its entirety on thirty days' written notice. m~~nTarmstroBot (talk):~lt~~ The provisions of this Agreement shall be supplemented as soon . a s possible by provisions of a general character concerning the treatment to be accorded in each country to the commerce of the other.
