611.003/2744

Memorandum by the Secretary of State

The Argentine Ambassador came in and indicated a special interest in the matter of reciprocal commercial agreements based on mutual tariff concessions. I told him I wished to correct a possibly erroneous statement recently made to him to the effect that this Government [Page 643] would be ready to consider such commercial treaties after the World Economic Conference, whereas I had intended to say that it would be ready thus to proceed after the enactment of certain proposed legislation authorizing the President to negotiate such treaties.

The Ambassador then offered the suggestion that if by some arrangement the Argentine could export 2% of its meat production to the United States, that that would solve their domestic meat problem.

He indicated that his Government was specially interested in the coming Economic Conference.

C[ordell] H[ull]