Section 1
SECTION 1. The President of the Philippines is hereby authorized to negotiate with the President of the United States looking towards the holding of an economic-trade conference between the United States and the Philippines in order to discuss the economic and trade relations that would be mutually beneficial to the two countries, and therefore, personally or through such Government representstion as he may authorize, to continue such negotiations to a successful termination, and to report from time to time to the National Assembly regarding the progress thereof.