ABSTRACT
The London meeting of the Preparatory Committee for an International Conference on Trade and Employment, in October and November, 1946, represents a single step in a long program of international collaboration with respect to trade policy in which the initiative, at every stage, has been taken by the United States. At its meeting in London, the Preparatory Committee considered drafts of texts of eighty-nine articles prepared for possible inclusion in a charter of an International Trade Organization. In the London draft, the general rule with respect to quantitative restrictions is stated as follows: 'no prohibition or restriction, other than duties, taxes, or other charges, whether made effective through quotas, import licenses or other measures, shall be imposed or maintained by any member country, on the importation of any product of any other member country, or on the exportation or sale for export, of any product destined for any other member country'.
