Proclamation 3480—Terminating in Part the Proclamation of May 1, 1937, and Continuing the Application of a Portion of the February 19, 1937 Trade Agreement with El Salvador

PART I—STATEMENT OF PURPOSE

The purposes of this proclamation are:

First—to terminate the proclamation of May 1, 1937, 50 Stat. 1564, insofar as it put into effect the schedules of concessions and related provisions of the trade agreement of February 19, 1937 between the United States and the Republic of El Salvador, 50 Stat. 1564. The two governments have, by an exchange of notes dated June 29, 1962, agreed to terminate, as of the close of August 8, 1962 the schedules of concessions and the related provisions, including Article I, the first paragraph of Article II, Articles III, V, VI, XVI, and in Article XVII the references to Article VI.

Second—to continue in effect the language of the note originally appended to Schedule I of the 1937 agreement, which relates to pharmaceutical specialties or patent medicines, and which by the agreement of June 29, 1962 has been transferred into a new Article III of the 1937 agreement.

PART II-TERMINATING IN PART THE PROCLAMATION OF MAY 1, 1937 AND CONTINUING THE APPLICATION OF A PORTION OF THE 1937 AGREEMENT WITH EL SALVADOR

Now, Therefore, I, John F. Kennedy, under the authority vested in me, as President, by the Constitution and statutes, in particular section 350 (a) of the Tariff Act of 1930, as amended, do proclaim that, as of August 8, 1962:

(1) Termination

The proclamation dated May 1, 1937, 50 Stat. 1564, shall be terminated insofar as it relates to the schedules of concessions, and related provisions, contained in the agreement of February 19, 1937, between the United States and El Salvador (50 Stat. 1564), and identified in the first paragraph of Part I of this proclamation.

(2) Continuation

The language of the note originally appended to Schedule I of the agreement of February 19, 1937 between the United States and El Salvador (50 Stat. 1564), now contained in new Article III of that agreement and described in the second paragraph of Part I of this proclamation, shall continue to be applied.

In Witness Whereof, I have hereunto set my hand and caused the Seal of the United States of America to be affixed.

DONE at the City of Washington this twenty-ninth day of June in the year of our Lord nineteen hundred and sixty-two, and of the Independence of the United States of America the one hundred and eighty-sixth.

JOHN F. KENNEDY

By the President:

DEAN RUSK,

Secretary of State