The Convention of Establishment and Navigation provides for the reciprocal treatment of nationals and vessels of the two Parties. It stipulates that Japan and French Indo-China will reciprocally accord national treatment in the main or the most favoured nation treatment as occasion demands concerning the entry, the establishment, the acquisition and possession of movable and immovable property, the exercise of commerce and manufacturing industry,
the imposition of taxes of various kinds and the treatment of companies. Concerning vessels of the two countries, it also provides that they will be treated in principle on an equal footing.
The Agreement concerning the Customs Tariff, Trade and Method of Payment is a voluminous one consisting of thirty Articles and annexed documents, and contains the following provisions :
Regarding the Customs tariff, the two Parties agree to accord mutually the most favoured nation treatment. Besides, French Indo-China agrees to afford the advantage of the exemption of Customs tariff or the reduction of the existing minimum Customs tariff to the principal products of Japan and to levy the minimum tariff on all other Japanese products ; and Japan, in turn, agrees to accord the privilege of favourable Customs tariff to the principal products of Indo-China.
As regards trade, provisions have been made, with a view to increasing the trade between the two countries, for the export to Japan of rice, maize, coal, minerals and other principal products of French Indo-China and for the export to French Indo-China of textiles, other manufactured articles and miscellaneous products of Japan.
With regard to the method of payment, commercial payment between Japan and French Indo-China is based on the principle of compensation, and its settlement is made in the yen and the piastre directly through the intermediary of the Yokohama Specie Bank and the Bank of Indo-China, dispensing, thereby, with the exchange in foreign currency. Moreover, French Indo-China agrees to afford special favour with respect to the payment for Indo-China rice purchased by Japan.
An agreement of views has also been reached with regard to the questions of admission of Japanese commercial firms into the Federation of Importers and Exporters in French Indo-China, the participation of Japanese capital in agricultural, mining and hydraulic concessions in French Indo-China, the establishment of Japanese schools in French Indo-China and the institution of periodical economic conference for the examination of general economic questions between Japan and French Indo-China.