TRADE TREATY SIGNED
(IHINA AND UNITED STATES Received Alondav, 7.0 p.m. WADDINGTON, Nov. 3. United States and ('hina have signed a live-year treaty of' l'riendsliip, comiiiet'ce and navigation. State departuit'iit offieials said the treaty has no politieal signilicanee and also is not a amve lo strengtlien the Chinese National Government against Communists. The Fnited States Senate and Chinese. Legislative Yuan must ratify the treaty whicli guaranteee Chinese individuais and business flnns the same riglits in Fnited States as Ameriean individuais and corporations have in.China arid also to some extent br-oa'dens the rights amb privileges* for Arueric-an corporar tions in Chnui. "The1 nfdst f'avour.ed nation dau.se stipulates that in the event of United States granting certain rights to any tliird countrv, it would be obliged to grant equai rights to Cliina, although United States is not required to grant Cliina the same trade advantages as it does to Cuba and the PliilipjHnes. This clause also covers miuing rights. The treaty wipes out tlie last vestiges of extratenitoriality.
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Chronicle (Levin), 5 November 1946, Page 5
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166TRADE TREATY SIGNED Chronicle (Levin), 5 November 1946, Page 5
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