East-West Trade Trends: Mutual Defense Assistance Control Act of 1951 (the Battle Act); Fourth Report to Congress, Second Half of 1953United States. Foreign Operations Administration
History
East-West Trade Trends: Mutual Defense Assistance Control Act of 1951 (the Battle Act); Fourth Report to Congress, Second Half of 1953
United States. Foreign Operations Administration
Military assistance; Mutual security program, 1951-; United States -- Commercial policy
Intransit shipments consigned to West German firms and remaining
in the Freeport of Hamburg for shipment to a consignee outside
Western Germany, require an intransit trade permit (Transit
Handelsgenehmigung), except when the goods are returned to country of
origin. Such intransit trade permits are issued by the State Central
Banks after careful scrutiny of the West German firm and in accordance
with the same regulations applying to shipments of West German origin,
and approval by the West German Central Export Control Office. West
German firms must be listed in the official trade register in order to
qualify for an intransit trade permit.
The identical procedure is enforced in the Freeports of Bremen and
Bremerhaven, with the exception that the functions within the Freeport
are carried out by Federal Customs Authorities rather than Freeport
Authorities. This procedure also applies to Cuxhaven, Emden, and Kiel,
which are Freeports of very minor importance.
Financial Control
All financial transactions between residents of Western Germany and
Western Berlin and residents of other areas are subject to either
general or specific exchange-control authorizations issued by the
foreign-trade banks. Before those permits are granted, the transactions
in question are not only screened with respect to currency problems
but also in regard to the strategic nature of the goods. The latter
screening is done by export control officials, who have the power to
prevent the transaction.
GREECE
License Requirements
Export licenses are required for all strategic commodities, all
minerals, and for certain nonstrategic commodities for which export
quotas have been established. For nonstrategic shipments, licenses are
issued by the Bank of Greece in accordance with directives from the
Greek Foreign Trade Administration, Ministry of Commerce. For strategic
shipments, including those to the Soviet bloc countries, licenses must
be obtained from the FTA. Such FTA licenses are limited to items and
quantities contemplated by trade agreements or approved private barter
arrangements.
Transit Shipments
A transit shipment whose final destination is not indicated on the
manifest or shipping documents must be licensed by the FTA prior to
being reexported. If the destination be indicated, no export license is
required.
Financial Controls
Foreign exchange proceeds must be surrendered to the Bank of Greece.
Shipping Controls
Effective March 17, 1953, the Greek Government prohibited Greek flag
vessels from calling at Communist ports in China and North Korea. This
was accomplished by the Greek Council of Ministers Act No. 204 of
March 17, which was enacted into law by the Greek Parliament on May 7.
Violators are punishable under the provisions of law No. 2317 of 1953,
published in Greek Government Gazette No. 61, dated March 17.
Public-domain text, read in full here on John Shaqi.
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