635.116/282: Telegram

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

676. Embassy’s 1223, October 30.53 Contending that Argentina’s increasingly favorable dollar exchange position would not seem to justify continuation of import embargoes on products of United States origin, in the past 3 months the Embassy has frequently urged in informal conversations with Central Bank officials the removal of these restrictions. The bank yesterday definitely assured the Embassy that on or about May 1 not only will all imports from the United States for which no exchange is now made available be admitted into Argentina, but that the bulk of the exchange rates will be adjusted to extend to United States products no less favorable treatment than that accorded to third countries notwithstanding the exceptions provided for in the related notes to the trade agreement.

  1. Not printed.