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Return Dossign file Philippine Islands are SECRET E.O. 11652, Sec. 3(E) and 5(D) OI (E) DECLASSIFIED Dept. of State letter, Aug. 10, 1972 NLI WE NARS Date 7-16-75 DEPARTMENT OF STATE WASHINGTON May 10, 1945 MEMORANDUM FOR THE PRESIDENT Subject: Trade Relations with the Philippines With reference to your statement of May 5, 1945 concerning the Philippines, I enclose a statement of policy in regard to trade relations which was endorsed by the Executive Committee on Economic Foreign Policy on March 16, 1945 and approved by President Roosevelt. In response to a subsequent request from Senator Tydings, the Executive Committee on Economic Foreign Policy is now engaged in formulating recommendations as to changes in existing law designed to implement this policy. These recommendations will be submitted to you for your approval before transmitting them to the Filipino Rehabilitation Commission. Month ARCHIVES AND RECORDS LETTER SERVICE Acting Secretary 2.5. Enclosure: Memorandum for the President, dated March 20, 1945.