| EXCHANGE OF LETTERS BETWEEN THE GOVERNMENTS OF INDIA AND THE USA EXTENDING THE 1952 AGREEMENT ON TECHNICAL COOPERATION New Delhi, 29 June 1957 FOREIGN SERVICE OF THE UNITED STATES OF AMERICA New Delhi, June 29,1957 EXCELLENCY: I have the honor to refer to the Technical Cooperation Program Agreement between our two Governments, signed at New Delhi, January
5, 1952, which is to expire June 30, 1957, and to propose the following understanding: 1. The Government of the United States and the Government of India reaffirm that : (A) They recognise that individual liberty, free
institutions, and independence, on the one hand, and sound economic conditions and stable international economic relationship on
the other hand, are mutually interdependent; (B) They desire to cooperate in promoting and accelerating the integrated economic development
of India; (C) They agree that increase in the interchange between the two countries of technical knowledge, skills, and techniques
in the field of economic development is mutually advantageous; and (D) They agree to join in promoting international understanding
and good-will and in maintaining world peace, and to undertake such action as they may mutually agree upon to eliminate causes of
international tension. 2. The Technical Cooperation Program Agreement between the Government of the United States and the Government of India signed at New
Delhi, January 5, 1952, shall continue in force beyond June 30, 1957 until such time as it is terminated by either government upon
three months written notice to the other government or superseded by a new agreement. I have the honor to propose that, if these
understandings are acceptable to Your Excellency's Government, this note and Your Excellency's note in reply concurring therein shall
constitute an agreement between our two Governments, effective on the date of Your Excellency's reply. Accept, Excellency, the renewed
assurances of my high consideration. ELLSWORTH BUNKER His Excellency T.T. KRISHNAMACHARI,
Minister of Finance, Government of India New Delhi. FINANCE MINISTER INDIA
No. F. 4(37)-ECAI/57 New Delhi, June 29,1957 EXCELLENCY, I have received Your Excellency's note No. 630, dated the 29th June, 1957 reading as follows "Excellency: I have the honor to refer to the Technical Cooperation Programme Agreement between our two Governments, signed at
New Delhi, January 5, 1952, which is to expire June 30, 1957, and to propose the following understanding 1. The Government of the United States and the Government of India reaffirm that : (A) They recognise that individual liberty, free institutions, and independence, on the one hand, and sound economic conditions and
stable international economic relationships on the other hand, are mutually interdependent; (B) They desire to cooperate in promoting
and accelerating the integrated economic development of India; (C) They agree that increase in the interchange between the two countries
of technical knowledge, skills, and techniques in the field of economic development is mutually advantageous; and (D) They agree
to join in promoting international understanding and good-will and in maintaining world peace, and to undertake such action as they
may mutually agree upon to eliminate causes of international tension. 2. The Technical Co-operation Programme Agreement between the Government of the United States and Government of India signed at New
Delhi, January 5, 1952, shall continue in force beyond June 30, 1957 until such time as it is terminated by either government upon
three months written notice to the other government or superseded by a new agreement. I have the honor to propose that, if these
understanding are acceptable to Your Excellency's Government, this note and Your Excellency's note in reply concurring therein shall
constitute an agreement between our two Governments, effective on the date of Your Excellency's reply. Accept, Excellency, the renewed
assurances of my high consideration." I confirm that the understandings set forth in the above quoted note are acceptable to
the Government of India. I agree that Your Excellency's note, together with this reply, shall constitute an agreement between our
two Governments, effective on the date of this reply. Accept, Excellency, the renewed assurances of my high consideration. Sd/- (T.T. KRISHNAMACHARI) His Excellency Mr. ELLSWORTH BUNKER, Ambassador of the United States of America in India, New Delhi.
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