Rabat, August 1, 1977. The Honorable Robert Anderson, American Ambassador, Rabat. 　　Dear Mr. Ambassador: During the discussions which were held in both Rabat and Washington for the purpose of concluding a convention to avoid double taxation between the United States and Morocco, the Moroccan delegation emphasized to the American delegation that the Moroccan Government, for the purpose of promoting private investment, will exempt certain profits and interest payments from taxation. The Moroccan delegation expressed its hope that the U.S. Government would accordingly grant citizens and residents of the United States a "tax-sparing" credit against the U.S. tax. The U.S. delegation indicated that the Senate has been reluctant to approve such a provision in other tax conventions. However, the U.S. delegation has promised to review its position should the Senate reconsider its decision on this matter. 　　I would be grateful to you if you would confirm your government's commitment to resume discussions on this point should the Senate approve a provision of this kind in the interest of another country. 　　Please accept, Mr. Ambassador, assurances of my highest esteem. 　　　　　　　　　　　　　　　　　　　　　　　　　ABDELKADER BENSLIMANE 　　　　　　　　　　　　　　　　　　　　　　　　　Rabat, August 1, 1977 His Excellency, Mr. Abdelkader Benslimane Minister of Finance, Rabat. 　　Excellency: In your letter of today's date you kindly informed me of the following: 　　"During the discussions which were held in both Rabat and Washington for the purpose of concluding a convention to avoid double taxation between the United States and Morocco, the Moroccan delegation emphasized to the American delegation that the Moroccan Government, for the purpose of promoting private investment, will exempt certain profits and interest payments from taxation. The Moroccan delegation expressed its hope that the U.S. Government would accordingly grant citizens and residents of the United States a 'tax-sparing' credit against the U.S.tax. The U.S. delegation indicated that the Senate has been reluctant to approve such a provision in other tax conventions. However, the U.S. delegation has promised to review its position should the Senate reconsider its decision on this matter." 　　"I would be grateful to you if you would confirm your government's commitment to resume discussions on this point should the Senate approve a provision of this kind in the interest of another country." 　　I have the honor to confirm the above-mentioned commitment. 　　Please accept, Excellency, the assurances of my highest consideration. 　　　　　　　　　　　　　　　　　　　　　　　　　　　ROBERT ANDERSON.