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*Asterisks indicate that these articles have been taken from the United States
Suggested Charter and have been included in square brackets (see Foreword).

CHAPTER VII. INTERGOVERNMENTAL COMMODITY

ARRANGEMENTS—Continued

SECTION B. Intergovernmental Commodity Arrangements

in General

Page

Article 48. Special Commodity Studies .

Article 49. Commodity Conferences

38

Article 50. Relations With Specialized Agencies .

38

Article 51, General Principles of Intergovernmental Commodity Arrange-

ments . ..

38

SECTION C. Intergovernmental Commodity Agreements

Involving the Regulation of Production, Trade, or Prices

Article 52. Circumstances Governing Use of Regulatory Agreements . 39

Article 53. Additional Principles Governing Regulatory Agreements 40

Article 54. Administration of Regulatory Agreements .

41

Article 55. Provision for Initial Terms, Review, and Renewal of Regula-

tory Agreements

41

Article 56. Settlement of Disputes

41

SECTION D. Miscellaneous Provisions

Article 57. Obligations of Members Regarding Existing and Proposed

Commodity Arrangements .

42

Article 58. General Undertaking by Members

42

Article 59. Exceptions to Provisions Relating to Intergovernmental Com-

modity Arrangements

42

Article 60. Definitions

43

CHAPTER VIII. ORGANIZATION

SECTION A. Functions and Structure of the Organization

Article 61. Functions of the Organization

Article 62. Structure of the Organization

SECTION B. The Conference

Article 63. Membership .

45

Article 64. Voting

45

Article 65. Sessions, Procedure, and Officers

45

Article 66. Powers and Duties

45

SECTION C. Interim Tariff Committee

Article 67. Interim Tariff Committee

46

SECTION D. The Executive Board

Article 68. Membership

47

Article 69. Voting

49

Article 70. Sessions, Procedures, and Officers .

49

Article 71. Powers and Duties.

49

SECTION E. The Commissions

Article 72. Establishment ..

50

Article 73. Composition and Procedure

50

Article 74. General Functions

50

Article 75. Functions of the Commission on Commercial Policy*

50

Article 76. Functions of the Commission on Business Practices

51

Article 77. Functions of the Commodity Commission

52

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*Asterisks indicate that these articles have been taken from the United States
Suggested Charter and have been included in square brackets (see Foreword).

ESTABLISHMENT

[The International Trade Organization of the United Nations is hereby established and shall operate in accordance with the following provisions:)

CHAPTER I. PURPOSES Article 1. General Purposes of the Organization [The purposes of the Organization shall be:

[1. To promote the solution of problems in the field of international commercial policies and relations through consultation and collaboration among Members.

[2. To enable Members to avoid recourse to measures destructive of world commerce by providing, on a reciprocal and mutually advantageous basis, expanding opportunities for their trade and economic development.

(3. To encourage and assist the industrial and general economic development of Member countries, particularly of those still in the early stages of industrial development.

[4. In general, to promote national and international action for the expansion of the production, exchange and consumption of goods, for the reduction of tariffs and other trade barriers, and for the elimination of all forms of discriminatory treatment in international commerce; thus contributing to an expanding world economy, to the establishment and maintenance in all countries of high levels of employment and real income, and to the creation of economic conditions conducive to the maintenance of world peace.

[5. To provide a centralized agency for the coordination of the work of Members to the above ends.)

CHAPTER II. MEMBERSHIP

Article 2. Membership 1. The original Members of the Organization shall be those countries represented at the United Nations Conference on Trade and Employment which accept the provisions of this Charter by December 31, 194.. or, in the event that this Charter has not entered into force by that date, the countries which agree to bring this Charter into force pursuant to the proviso to paragraph 3 of article 88.

2. Membership in the Organization shall be open to such other countries as accept the provisions of this Charter, subject to the approval of the Conference.

3. The Conference shall establish procedures that will open a membership in the Organization to the United Nations on behalf of the trust territories for which the United Nations is the administering authority.

CHAPTER III. EMPLOYMENT

Article 3. Relation of Employment to the Purposes of

the Organization 1. Members recognize that the avoidance of unemployment or underemployment through the achievement and maintenance in each country of useful employment opportunities for those able and willing to work and of high and steadily rising effective demand for goods and services is not of domestic concern alone, but is a necessary condition for the expansion of international trade and, in general, for the realization of the purposes of the Organization. They also recognize that measures to sustain demand and employment should be consistent with the other purposes and provisions of the Organization, and that in the choice of such measures, each country should seek to avoid creating balance of payments difficulties for other countries.

2. They agree that, while the achievement and maintenance of effective demand and employment must depend primarily on domestic measures, such measures should be assisted by the regular exchange of information and views among Members and, so far as possible, be supplemented by international action sponsored by the Economic and Social Council of the United Nations and carried out in collaboration with the appropriate intergovernmental organizations, acting within their respective spheres and consistently with the terms and purposes of their basic instruments.

Article 4. The Maintenance of Domestic Employment

Members shall take action designed to achieve and maintain full and productive employment and high and stable levels of effective demand within their own jurisdictions through measures appropriate to their political and economic institutions and compatible with the other purposes of the Organization.

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