62 STAT.] TRIESTE, UK/US ZONE-ECONOMIC COOPERATION-OCT. 15, 1948 Desiring to set forth the understandings which govern the furnish- ing of assistance by the Government of the United States of America under the Economic Cooperation Act of 1948, the receipt of such assistance by the UK/US Zone, and the measures which the two parties will take individually and together in furthering the recovery of the UK/US Zone as an integral part of the joint program for European recovery; Have agreed as follows: Article I (Assistance and Cooperation) 1. The Government of the United States of America undertakes to assist the UK/US Zone, by making available to the Commander or to any person, agency or organization designated by the latter such assistance as may be requested by him and approved by the Govern- ment of the United States of America. The Government of the United States of America will furnish this assistance under the provisions, and subject to all of the terms, conditions and termination provisions, of the Economic Cooperation Act of 1948, acts amendatory and supple- mentary thereto and appropriation acts thereunder, and will make available to the Commander only such commodities, services and other assistance as are authorized to be made available by such acts. 2. The Commander, acting directly and through the Organization for European Economic Cooperation, consistently with the Con- vention for European Economic Cooperation signed at Paris on April 16, 1948, will exert sustained efforts in common with other participating countries speedily to achieve through a joint recovery program economic conditions in Europe essential to lasting peace and prosperity and to enable the countries of Europe participating in such a joint recovery program to become independent of extraordinary outside economic assistance within the period of this Agreement. The Commander will take action to carry out the provisions of the General Obligations of the Convention for European Economic Cooperation, to continue to participate actively in the work of the Organization for European Economic Cooperation, and to adhere to the purposes and policies of the Economic Cooperation Act of 1948. 3. The Commander will carry out his obligations under this Agree- ment with due regard for his responsibilities under the relevant clauses of the Treaty of Peace with Italy signed at Paris February 10, 1947. 4. With respect to assistance furnished by the Government of the United States of America to the UK/US Zone and procured from areas outside the United States of America, its territories and posses- sions, the Commander will cooperate with the Government of the United States of America in ensuring that procurement will be effected at reasonable prices and on reasonable terms and so as to arrange that the dollars thereby made available to the country from which the assistance is procured are used in a manner consistent with any arrangements made by the Government of the United States of America with such country. 68706-52-PT . ll- -27 62Stat., Pt. 1 , p .137. 62 Stat., Pt. 1, p .137. 62 Stat., Pt. 1, p. 137. 61 Stat. , Pt. 2, p. 1245 . 3027
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