611.60H31/68
The Yugoslav Minister (
Fotitch
) to the Secretary of
State
11
Washington
, November 11, 1937.
My Dear Mr. Secretary: With reference to
your memorandum of June 4, 1937, with which you had the kindness to
send me the proposals of your Government for the regulation of
commercial relations between our two countries, I have the honor to
send you herewith enclosed the proposals of the Yugoslav Government.
At this occasion I would like to point out that the Royal
Government, in drawing up these proposals, was animated by the
desire to meet the wishes of the American Government to the utmost,
in order to bring about the improvement and strengthening of
commercial relations between our two countries.
Accept [etc.]
[Enclosure]
Yugoslav Proposals for the Regulation of
Commercial Relations Between Yugoslavia and the United
States
The Yugoslav Government is willing to allow for the year 1938 the
import from the United States of all those articles which in
Yugoslavia are subject to permits of import, to the value of 32
million dinars or to the extent to which the export of those
articles amounted in 1935, at the time when restrictions did not
exist and which year has been the most favorable for the export
from the United States into Yugoslavia.
The distribution of that sum on individually controlled articles
would be the same as in 1935. According to that, for instance,
the [Page 593] import of
automobiles from the United States would amount in the year 1938
the same as in 1935, namely about 18 million dinars. The same
would apply to other controlled articles. These import permits
would be issued quarterly, without taking into consideration the
trade balance between Yugoslavia and the United States and will
be allowed even in the case of an adverse trade balance for
Yugoslavia. The import of the non-controlled articles,
naturally, is free and is not subject to compensation on this
basis. The import of the controlled articles in the
aforementioned relation, and also all the other articles from
the United States, whose import in Yugoslavia is not subject to
any control, would be paid in free foreign exchange. Finally,
the compensations which today are required for the import of the
controlled articles from the United States would also be
dispensed with.
[Here follows table giving value of controlled articles imported
from the United States in 1935.]
