190. Editorial Note
In telegram 192 from Buenos Aires, August 24, Ambassador Nufer reported that he and Hopkins met with Gómez Morales at his request on August 22. During their meeting, Gómez Morales pointed out that while it would be impossible for internal political reasons to begin profit remittances to United States firms in 1955, the Argentine Government would agree in writing to equalize in all other respects the treatment of United States investors with that accorded the British under the Anglo-Argentine agreement. Argentina would guarantee a minimum of $4.2 million in profit remittances to United States firms. (Department of State, Central Files, 811.05135/8–2455) According to notes of a Secretary’s Staff meeting, held on August 25, Holland discussed this development as follows: [Page 374]
“Mr. Holland recalled that it has been impossible for American firms to remit profits from Argentina since 1948 and that we have negotiated intensively with the Argentine Government to resolve this difficulty. He said Ambassador Nufer had just reported Argentine willingness to allow U.S. firms to remit $4½ million and that the problem now seemed to be on the way to a satisfactory solution.” (Ibid., Secretary’s Staff Meetings: Lot 63 D 75)
On September 8 the United States Chamber of Commerce of Buenos Aires announced that the Argentine Government had expressed its willingness to authorize certain financial remittances for earnings on United States private investments in Argentina. On September 9 the Department of State issued a press release in which it noted its satisfaction with Argentina’s action in this regard. For text of the press release, see Department of State Bulletin, September 19, 1955, page 462. The text of the Anglo-Argentine Trade and Payments Agreement, signed in Buenos Aires on March 31, 1955, was transmitted to the Department in despatch 915 from Buenos Aires, April 13. (Department of State, Central Files, 435.4141/4–1355)