Mutual aid agreement
Mutual aid agreement: an agreement concluded on 23 February 1942 between the United Kingdom and the United States concerning the principles applying to mutual aid in the prosecution of the war against aggression. It builds on the Atlantic Charter and is one of the important steps which ultimately led to the convening of the United Nations Conference on Trade and Employment in 1947, the negotiation of the GATT in 1947 and the emergence of the Havana Charter in 1948. Article 7 of the Agreement dealt with international economic relations. It looked forward to agreed action between the two countries, which would be "open to participation by all other countries of like mind, directed to the expansion, by appropriate international and domestic measures, of production, employment, and the exchange and consumption of goods, which are the material foundations of the liberty and welfare of all peoples, to the elimination of all forms of discriminatory treatment in international commerce, and to the reduction of tariffs and other trade barriers".
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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