WHEREAS, pursuant to the provisions of said section 1 of Republic Act No. 1355 and section 201 of the Act of Congress of the United States of America, entitled œPhilippine Trade Agreement Revision Act of 1955,  the President of the Philippines and the President of the United States of America, through their respective plenipotentiaries, signed an agreement at Washington on September 6, 1955, revising the Agreement concerning Trade and Related Matters entered into by the President of the Philippines and the President of the United States of America on July 4, 1946;

WHEREAS, on September 6, 1955, the two Governments exchanged notes clarifying certain provisions of the said Agreement between the Republic of the Philippines and the United States of America concerning Trade and Related Matters during a Transitional Period following the institution of Philippine Independence signed at Manila on July 4, 1946, as revised;

WHEREAS, section 3 of Republic Act No. 1355 provides that œIf the revised agreement has been entered into prior to January 1, 1956, the President of the Philippines shall so proclaim, and such agreement shall be effective in, and binding on, the Philippines in accordance with the terms thereof ; and

WHEREAS, on October 26, 1955, the President of the United States of America proclaimed the aforesaid Revised Agreement, including a Protocol, Annexes, and related exchange of notes, in pursuance of section 301 (a) of the Philippine Trade Agreement Revision Act of 1955 of the Congress of the United States of America;

Now, THEREFORE, be it known that I, Ramon Magsaysay, President of the Philippines, in pursuance of the aforesaid section 3 of Republic Act No. 1355, do hereby proclaim and make public the Agreement between the Republic of the Philippines and the United States of America concerning Trade and Related Matters during a Transitional Period following the institution of Philippine Independence signed at Manila on July 4, 1946, as Revised in Washington on September 6, 1955, including a Protocol, Annexes, and Related Exchange of Notes both dated September 6, 1955, copies of which are hereto attached, to the end that the same and every article and clause thereof may be observed and fulfilled with good faith by the Republic of the Philippines and the ˜citizens thereof on and after January 1, 1956.

IN WITNESS WHEREOF, I have hereunto set my hand and caused to be affixed the seal of the Republic of the Philippines.

Done in the City of Manila, this 28th day of November, in the year of Our Lord, nineteen hundred and fifty-five, and of the Independence of the Philippines, the tenth.

RAMON MAGSAYSAY
President of the Philippines

By the President:

MARIANO YENKO, JR.
Assistant Executive Secretary