62 STAT.] LUXEMBOURG-ECONOMIC COOPERATION-JULY 3, 1948 2453 ment of Luxembourg has joined with other like-minded nations in a Convention for European Eco- nomic Cooperation signed at Paris on April 16, 1948, [1] under which the signatories of that Convention agreed to undertake as their im- mediate task the elaboration and execution of a joint recovery pro- gram, and that the Government of Luxembourg is a member of the Organization for European Eco- nomic Cooperation created pur- suant to the provisions of that Convention; Considering also that, in further- ance of these principles, the Gov- ernment of the United States of America has enacted the Economic Cooperation Act of 1948, pro- viding for the furnishing of assist- ance by the United States of America to nations participating in a joint program for European recovery, in order to enable such nations through their own indi- vidual and concerted effort to become independent of extraordi- nary outside economic assistance; Taking note that the Govern- ment of Luxembourg has already expressed its adherence to the purposes and policies of the Eco- nomic Cooperation Act of 1948; Desiring to set forth the under- standings which govern the fur- nishing of assistance by the Gov- ernment of the United States of America under the Economic Co- I operation Act of 1948, the receipt ] of such assistance by Luxembourg, 1 and the measures which the two ] Governments will take individu- I ally and together in furthering the c recovery of Luxembourg as an i Gouvernement du Luxembourg s'est associ6 aux autres pays anim6s du meme esprit par une Conven- tion de Cooperation Economique Europ6enne signee A Paris le 16 avril 1948 et aux autres termes de laquelle les signataires de cette Convention sont convenus de con- siderer comme la tAche immediate qui leur incombe d'elaborer et d'executer un programme com- mun de relevement et que le Gouvernement du Luxembourg est membre de l'Organisation Europe- enne de Cooperation Economique crd6e conformement a ladite Con- vention; Considerant egalement que, mettant en oeuvre ces principes, le Gouvernement des Etats-Unis d'Amerique a promulgu6 la Loi de Cooperation Economique de 1948, qui pr6voit l'octroi de l'aide par les Etats-Unis d'Amerique aux pays participant a un programme commun de relevement europ6en afin de permettre a ces pays de devenir, par leur effort individuel et concerte, independants de toute aide 6conomique exterieure de caractere exceptionnel; Prenant note du fait que le Gouvernement du Luxembourg a deja declare qu'il adherait aux fins et aux principes de la Loi de Cooperation Economique de 1948; Desireux de convenir des dis- positions qui reglent l'octroi de l'aide par le Gouvernement des Etats-Unis d'Amerique aux termes de la Loi de Cooperation Econo- mique de 1948, la reception d'une telle aide par le Luxembourg, et les mesures que les deux Gouverne- ments prendront individuellement, )u de concert, pour assurer le relevement du Luxembourg en tant ' Department of State publication 3145. 62 Stat, Pt. 1, p. 137.
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