611.6131/313: Telegram
The Secretary of State to the Ambassador in the Soviet Union (Bullitt)
81. Your 156, April 22, 7 p.m.22 Paraphrase note as follows:
“I have [the] honor to refer to recent conversations in regard to commerce between the United States of America and the Union of Soviet Socialist Republics in relation to the trade agreements program of the United States, and to confirm and to make of record by this note the following agreement which has been reached between the Governments of our respective countries:
The duties proclaimed by the President of the United States of America pursuant to trade agreements entered into with foreign governments or instrumentalities thereof under the authority of the Act entitled, ‘An Act to amend the Tariff Act of 1930’, approved June 12, 1934,23 shall be applied to articles the growth, produce or manufacture of the Union of Soviet Socialist Republics as long as this agreement remains in force. It is understood that nothing in this agreement shall be construed to require the application to articles the growth, produce or manufacture of the Soviet Union of duties or exemptions from duties proclaimed pursuant to any trade agreement between the United States of America and the Republic of Cuba24 which has been or may hereafter be concluded.
On its part, the Government of the Union of Soviet Socialist Republics will take steps to increase substantially the amount of purchases in the United States for export to the Soviet Union of articles the growth, produce or manufacture of the United States of America. Such purchases will amount to not less than $30,000,000 during 1935. The two Governments will consult together regarding the amount of such purchases to be made during each ensuing year.
This agreement shall come into force on the elate of signature thereof. It shall continue in effect for 12 months and, if not less than 30 days prior to the expiration of the aforesaid period of 12 months neither Government shall have given notice to the other of intention to modify or terminate it, shall continue in effect thereafter until 30 days from the date on which notice of intention to modify or terminate it shall have been given by either Government.”