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[Exhibits are printed in separate volume)
Ryder, Oscar B., Chairman, United States Tariff Commission, accom-
Terrill, Robert P., Associate Chief, Division of International Re-
Wilcox, Clair, Director, Office of International Trade Policy, Depart-
41, 75, 89, 122, 262, 289, 351, 391
('layton, Hon. W. L., letter sent to Hon. Tom Connally, Chairman
Protertion against harmful measures in the field of economic develop-
ment, statement of the State Department-
Reciprocal trade agreements negotiated by the United States with
foreign countries prior to 1934, list.
Senator Eugene D. Millikin.--
possibly by treaty, for delegating to an international body jurisdic-
foreign commerce generally-------
cipal foreign countries, submitted by the Department of Commerce-
TOOD AND AGRICULTURE
Specialized Agencies to be brought into relationship with United Nations,
INTERNATIONAL MONETARY INTERNATIONAL
scribed capital of $7.4 world labor
rates and to elininate
uneconomic restrictions on currency transfers.
INTERNATIONAL TRADE ORGANIZATION
THURSDAY, MARCH 20, 1947
UNITED STATES SENATE,
Washington, D.C. The committee met at 2:30 p. m., pursuant to notice, in room 310 of the Senate Office Building, Hon. Eugene D. Millikin (chairman) presiding.
Present : Senators Millikin (chairman), Bushfield, Hawkes, George, Connally, Johnson, and Lucas.
The CHAIRMAN. The hearing will please come to order.
The purpose of this hearing is to inquire into the relationship of the trade agreements system and the proposed International Trade Organization Charter. Congress is already in possession of considerable information as to the trade agreements system, but there seems to be very little information as to the proposed International Trade Organization. Therefore, the emphasis will probably be in the main on the International Trade Organization, although obviously the object of our inquiry requires examination into both. I should like to say that
we have a letter from Senator Vandenberg, chairman of the Foreign Relations Committee, dated March 12, 1947, which I shall read for the record. The letter is addressed to me as chairman of this committee (reading]:
MY DEAR SENATOR MILLIKIN: You have discussed with me from time to time your belief that the proposed Charter of the ITO (the proposed International Trade Organization) should be carefully reviewed ahead of the Geneva Conference so that the State Department may have the advance benefit of congressional suggestions regarding this vitally important matter. I am in complete agreement with you that it is highly advisable to pursue this course. It is a subject which falls particularly within the interest of the Senate Finance Committee. I sincerely hope you will pursue your purpose to have the whole subject matter carefully reviewed at once by your committee.
As chairman of the Foreign Relations Committee (which will have primary jurisdiction when the ITO agreements are completed), I would greatly welcome the advance advice of the Senate Finance Committee; and it should be advantageous to the State Department to know your committee's considered view in advance of the negotiations. With warm personal regards and best wishes. Cordially and faithfully,
A. H. VANDENBERG. Our first witness will be Secretary Clayton.
Mr. Secretary, I assume that you wish to discuss the subject generally, and that later on when you have finished we will discuss the details of the proposed International Trade Organization Charter with Mr. Wilcox.