The Swiss Minister ( Peter ) to the Assistant Secretary of State ( Sayre )

My Dear Mr. Sayre: Pursuant to our conversation of this morning, I beg to confirm that if and when the necessary powers for entering into foreign trade agreements are granted the President of the United States1 my Government will be glad to be included among the countries with which the American Government will study the possibilities of concluding an agreement such as provided by the bill actually under discussion in Congress.

It is well understood that nothing can be done before the law is passed and before the organization for making the preliminary studies is developed, but the Swiss Government hopes that some exploratory conversations will take place as soon as the American Government shall deem it advisable.

Believe me [etc.]

Marc Peter
  1. Powers granted by Congress June 12, 1934; 48 Stat. 943.