611.2231/449: Telegram
The Secretary of State to the Minister in Ecuador ( Long )
68. Your despatch 1061, June 7. While we would much prefer quotas on a value basis, and the Ecuadoran Government would thus know more precisely the limitation on imports in relation to the exchange situation, we are willing to agree to restrictions on a quantitative basis.
Also, we are willing to agree to a division of the 6-month period, but the minimum period should be 3 months (see paragraph numbered 2 of Article VIII of agreement) rather than 2.
We are prepared, on receipt of word from you, to issue announcement here on June 15 or later, of both quotas and duty changes. Detailed statistics regarding quotas should be sent as soon as possible, but if not received prior to announcement, latter will be issued in general terms, and details published subsequently by Commerce.
[Page 869]Regarding possible quotas on non-schedule products, the authorities should keep in mind provisions of Article VIII.
Please make sure decree regarding tariff increases exempts schedule products.