Your FEC.52 and 54 Inter-Allied Trade Board. [1]

1. The relationship between the proposed Board and the F.E.C. and
the extent to which its decisions would bind the United States
Government are not quite clear. Glad if you would discuss whole
subject with other British Commonwealth delegations and report
fully.

2. We agree generally in the proposal to establish the I.A.T.B. to
advise the United States Government provided:

(1) It is responsible to the F.E.C. for carrying out the general
trade policy laid down by that body.

(2) In the event of failure of Board to reach unanimity, the
matter is referred to the F.E.C.

(3) That the Export-Import Division of S.C.A.P. is
internationalised. (We regard this as essential to be effectively
represented in the organization actually handling trading
transactions in Japan both for purposes of information and to
safeguard Australian economic interests.)