MR. CHAIRMAN: I have the honor to acknowledge receipt of your letter of today, in which you communicate to me the following:
"With reference to our conversations I have the honor to confirm herewith that the Government of the U.S.S.R. is willing on the basis and in the sense of the general political understanding reached by us, to promote by all means the trade relations and the exchange of goods between Germany and the U.S.S.R. To this end an economic program will be drawn up by both parties, under which the Soviet Union will supply raw materials to Germany, for which Germany, in turn, will make compensation through delivery of manufactured goods over an extended period. Both parties shall frame this economic program in such a manner that the German-Soviet exchange of goods will again reach the highest volume attained in the past.
Both Governments will at once issue the necessary directives for the implementation of the measures mentioned and arrange that the negotiations are begun and brought to a conclusion as soon as possible."
In the name and by authority of the Government of the German Reich I am in accord with this communication and inform you that the Government of the German Reich in turn will take the necessary steps for this purpose.
Accept, Mr. Chairman, the renewed assurance of my highest consideration.
VON RIBBENTROP