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feasible to eliminate sub-standard conditions of labour in production for export and generally throughout its territory. Members which are also members of the International Labour Organization shall co-operate with that organization in giving effect to this uudertaking. Article 5 Removal of Maladjustments within the Balance of Payments 1. In the event that a persistent maladjustment within a Member's balance of payments is a major factor in a situation in which other Members are involved in balance-of-payments difficulties which handicap them in carrying out the provisions of Article 3 without resort to trade restrictions, the Member shall make its full contribution, while appropriate action shall be taken by the other Members concerned, towards correcting the situation. 2. Action in accordance with this Article shall be taken with due regard to the desirability of employing methods which expand rather than contract international trade. Article 6 Exchange of Information and Consultation 1. The Members and the Organization shall participate in arrangements made or sponsored by the Economic and Social Council of the United Nations, including arrangements with appropriate intergovernmental organizations : (a) For the systematic collection, analysis and exchange of information on domestic employment problems, trends and policies, including as far as possible information relating to national income, demand and the balance of payments. (b) For consultation with a view to concerted action on the part of governments and inter-governmental organizations in the field of employment policies. 2. The Organization shall, if it considers that the urgency of the situation so requires, initiate consultations among Members with a view to their taking appropriate measures against the international spread of a decline in employment, production or demand. Article 7 Safeguards for Members Subject to External Deflationary Pressure The Organization shall have regard, in the exercise of its functions under other provisions of this Charter, to the need of Members to take action within the provisions of this Charter to safeguard their economies against deflationary pressure in the event of a serious or abrupt decline in the effective demand of other countries.