_Economic Terms_
Commercial treaties are not to be a part of the peace terms. Every
country must be independent in its commercial relations, and must not
be obliged to, or prevented from, concluding an economic treaty, by
the Treaty of Peace. Nevertheless, all nations should bind
themselves, by the Peace Treaty, not to practise an economic blockade
after the war, nor to form separate tariff agreements. The right of
most favoured nation must be given to all countries without
distinction.
_Guarantees of Peace_
Peace is to be concluded at the Peace Conference by delegates elected
by the national representative institutions of each country. The
peace terms are to be confirmed by these parliaments.
Secret diplomacy is to be abolished; all parties are to bind
themselves not to conclude any secret treaties. Such treaties are
declared in contradiction to international law, and void. All
treaties, until confirmed by the parliaments of the different
nations, are to be considered void.
Gradual disarmament both on land and sea, and the establishment of a
militia system. The “League of Nations” advanced by President Wilson
may become a valuable aid to international law, provided that (a),
all nations are to be obliged to participate in it with equal rights,
and (b), international politics are to be democratised.
_Ways to Peace_
The Allies are to announce immediately that they are willing to open
peace negotiations as soon as the enemy powers declare their consent
to the renunciation of all forcible annexations.
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