The Secretary of State to the Ambassador in Argentina ( Weddell )

No. 419

Sir: There is transmitted for your information copies of a letter dated July 14,41 received from the National Foreign Trade Council, Incorporated, and the Department’s reply41 thereto, relating to the recent action of the Argentine exchange authority in extending the list of articles which, when imported from the United States, will be entitled to exchange coverage at the favorable official rate. You are requested to comment by air mail or, if it can be done briefly, by cable, on the Council’s inquiry whether the extension of the list of American articles entitled to official exchange implies a net increase in the total quantity or percentage of official exchange made available for American trade.

Very truly yours,

For the Secretary of State:
Sumner Welles
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