811.20 Defense(M)Peru/601: Telegram
The Secretary of State to the Ambassador in Peru (Norweb)
379. For Thompson from Rosenthal, BEW. Your 379, March 17. We agree to necessity of obtaining assurance against an increase in export taxes and approve the policy you are following.
We prefer following modification of your suggested wording of Article III: “For the term of this agreement the Government of Peru agrees not to cause any increases in present export taxes on strategic metals and minerals. It also agrees not to impose any other taxes, fees or charges which would have the effect of reducing the incentive to strategic mineral production.”
If you disagree with this change or if it is unacceptable please let us know. [Rosenthal.]