611.3531/653
The Secretary of State to the Argentine Ambassador (Espil)
Excellency: I have the honor to refer to the recent memoranda exchanged between our Governments regarding various questions which have arisen in connection with efforts to establish a mutually satisfactory basis for a trade agreement and, in particular to your memorandum of July 13 last on the subject.
While it is naturally a source of deep regret that it has not proved possible to proceed immediately with the negotiation of a trade agreement, I believe that the efforts made in recent weeks will contribute materially to the ultimate realization of this important object. The continued desire of both our Governments to arrive at a mutually satisfactory agreement, from which the people of both countries would derive many and substantial benefits, affords the best possible assurance that solutions eventually will be found to the difficult problems involved.
With this end in view study will continue to be given to the various aspects of the problem, the nature of which has been greatly clarified by the recent discussions. I venture to hope that the government of Argentina will likewise continue its examination of the questions presented and that on the basis of these studies the exploratory discussions can continue.
[Page 304]It is the earnest desire of this Government that as a result of the further studies and exploratory discussions above envisaged solutions can be found which will permit definite negotiations to be instituted as soon as an opportune time for doing so again arrives.
Accept [etc.]