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An elaboration of the United States
DEPOSITED BY THE UNITED STATES OF AMERICA
In December 1945 the Government of the United States pub and transmitted to other governments for their consideration a ment entitled Proposals for Expansion of World Trade and En ment.
These Proposals put forward the idea that there should be lished an International Trade Organization of the United N the members of which would agree to conduct their commercia tions in accordance with rules to be set forth in the Charter Organization. The Proposals contained suggestions for rules t ern trade barriers, restrictive business practices, intergoverni commodity arrangements, and the international aspects of do employment policies and outlined a suggested structure for the national Trade Organization itself. The governments of other countries have expressed their general agreement with suggestions.
In February 1946 the Economic and Social Council of the Nations, at its first meeting, adopted a resolution calling for an national conference on trade and employment to consider the c of an International Trade Organization. It also established paratory Committee of 19 countries to arrange for the conferer to prepare a draft Charter for such an Organization. The P, tory Committee is to meet in London in the fall of 1946.
In preparation for the conference, the Government of the States has prepared an elaboration of its Proposals in the f a suggested Charter for the International Trade Organization. of the suggested Charter have been transmitted to the Secreta eral of the United Nations and to the other governments nai the Economic and Social Council to serve on the Prep Committee.
The suggested Charter is the work of many persons of com and experience in the departments and agencies of the United Government. It is put forward, however, as a basis for discuss not as a document expressing the fixed or final views of this ment. The draft should clarify possible obscurities and rem misunderstandings to which the condensed language of the Pr may have given rise.
W. L. CLAYTON Under Secretary of
for Economio Affa
Article 7. Assignment of functions to Economic and Social Council
Article 23. Elimination of exchange restrictions in relation to current coi
modity transactions .