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SECTION lI.—SUMMARY OF CONTENTS OF DRAFT CHARTER ADOPTED BY SECOND SESSION CHAPTER I.—PURPOSE AND OBJECTIVES The first Chapter of the draft Charter sets out briefly the purpose of the proposed International Trade Organization and the reasons for its promotion. The purpose is to achieve through international co-operation in the fields of trade and employment, peaceful and friendly relations among nations. Particular emphasis is given to the attainment of the higher standards of living, full employment and conditions of economic and social progress, and development envisaged in Article 55 (a) of the Charter of the United Nations. In the opinion of the Preparatory Committee the purpose of the Organization can best be realized if certain particular objectives can be attained. These objectives have as their main characteristic the concept of a lasting and balanced economic development in all countries through means that will not only increase production of goods, but which will also ensure their exchange and their consequent availability for consumption by all requiring them. The Charter is an elaboration of the means which the Preparatory Committee considers are appropriate for the attainment of the objectives of the Organization and the realization of its purpose. CHAPTER lI.—EMPLOYMENT AND ECONOMIC ACTIVITY. (Articles 2-7) In Chapter II it is recognized that the objectives of the Charter cannot be realized in the field of trade and commercial policy alone, and that parallel action is necessary in the field of employment policy and in the maintenance of large and steadily growing demand for goods and services. It is also recognized that policies of full employment, while primarily depending on domestic measures, are not of domestic concern alone, and should be supplemented by international action. To avoid duplication of functions between organs of the United Nations, the International Trade Organization is not given full and final responsibility in this field, but each member is required to take positive action within its own jurisdiction to maintain domestic employment and is required also to participate in international action under the sponsorship of the Economic and Social Council of the United Nations. Chapter II consists of six Articles. Article 2 sets out the importance of employment, production, and demand in relation to the realization of the purposes of the Charter, and provides for collaboration among Members to that end. Article 3 obliges each Member to " take action designed to achieve and maintain full and productive employment and