611.3131/175: Telegram

The Minister in Venezuela ( Nicholson ) to the Secretary of State

18. My 11, February 5, 10 a.m.4 The Venezuelan Government has now agreed not to publish the preliminary list of products on which the United States may seek concessions. It is therefore ready that the United States Government proceed with the second public announcement in Washington.

However, the Venezuelan Government does not subscribe to the formula of the principal supplier as a basis for granting concessions. Concessions will be accorded only on the basis of equivalent values and effective reciprocity.

I am forwarding by the next air mail a memorandum from the Minister of Hacienda received today which sets forth the Venezuelan point of view.

Nicholson
  1. Not printed.