§ 43. Mr. Patrick Jenkin
asked the President of the Board of Trade when he expects to announce the further tariff cuts provided for in the Kennedy Round which are conditional upon the United States Government eliminating the American selling price system of valuation for certain chemicals; and if he will make a statement.
§ Mr. Dell
No definite date can be given. The Kennedy Round Supplementary Agreement relating principally to chemicals is due to enter into force on 1st January, 1969, but only if the United States has notified the Director General of G.A.T.T. that the United States has previously enacted legislation eliminating the American Selling Price system of valuation. I understand that the United States Government intends to seek an extension of the time allowed for this action.