PROPOSED TERMS OF REFERENCE FOR SUBCOMMITTEE ON INTERNATIONAL TRADE AND FINANCE OF THE ECONOMIC INTELLIGENCE COMMITTEE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP61S00527A000200170003-5
• Release Decision: RIFPUB
• Original Classification: S
• Document Page Count: 3
• Document Creation Date: November 9, 2016
• Document Release Date: July 9, 1998
• Sequence Number: 3
• Publication Date: August 1, 1958
• Content Type: REPORT

Approved FQrwRelease : CIA-RDP61 S00527AQQS200170003-5
PROPOSED TER 07 ONCE FOR StIBC-I I FMI ON
1 AATTONA.L T WW MD FI'RA= OF T1'
ECOOOSIC ZATE '1(WNCE C0NKE=
(Submitted in accordance with sic-D-3Oh/la of August 1,'1958)
A. liission of ETC Subcoimanittee on International Trade and Finance
1. The mission of the ETC Bubco=ittee on International Trade
and Finance is to provide an organizational framework for carrying out
within its field the basic review and coordination responsibilities
of the ETC and for ensuring that, on intelligence matters in its field
affecting the national security, the intelligence ccmxaunity is supported
by the full economic knowledge and technical talent available in the
Government.
2. A nee l ? es tt Sub2on i ttee she.11,he es cerned
H. Membership and Organization
1. Membership of the Subcommittee on International Trade and
Finance e nsists of representatives of the USIB agencies as desig-
nated by these departments and agencies and approved by the ESC.
2. Representatives of other government departments and agencies
may participate as Associate Members of the Sube,,mmittee upon approval
of the ETC.
3. Active participation by agency representatives generally is
governed by (a) the extent to which each agency: concerned has production
responsibilities in the field of international trade and finance, (b)
the extent to which an agency has an interest in economic intelligence
of broader scope which involves reference matters within the scope of
the subcommittee; and (c) the availability of qualified personnel.
I. The Chairman of the Subcc,?i.ttee is designated by the EIC,
and the Central Intelligence Agency provides the permanent Secretariat.
The Subecttee may set up d hoc working groups as necessary to assist
In carrying out any of its assigned functions. The production of inter-
departmental economic intelligence normally is assigned to end h work-
ing gr ups rather than to the Subcommittee proper, _ suc~ h ~$rou~ s to be
r,a onaible to the Subeoe ittee MWr.
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C. Fusetions
1. As the standing interagency economic intelligence group of
professional and technical personnel in the field of international
trade and finance, the Subcommittee shall perform the following
minim functions:
(a) With the guidance of current Priority National
Economic Intelligence Objectives, identify significant research and
collection deficiencies in its field of responsibility and;
(b) Develop and report not less than annually to the RIC
waya in which these recognized research deficiencies could be, or are
being, corrected and ways in which Improvements could be, or are being,
node in eccnosie Intelligence collection requirements and in the
distribution and processing of economic intelligence information.
(c) Facilitate review of proposals for external research
contracts in its field in accordance with the provisions of DC?D 3/1
using the procedures adopted by theNIC. Zee NIC-D-112/1, 5 June 1958,
Procedures for SIC Review of Proposed US Cover? ental External Economic
Research Contracts Involving More than $5,OOoy
(d) Produce, on its own Initiative (with SIC approval),
or when directed by the RIC, interdepartmental eeonondc intelligence
on subjects in its field which transcend the competence of a single
department or agency. This-'ray. nvolve the creation of an ad hoc
worU arouu under the ubZ>>asitt prcTer
(e) Arrange on its own initiative, or when directed by
the ZZO, for the Coordination of individual agency reports deemed
of sufficient national security i imnportansce to warrant the solicitation
of concurrences from the representatives on the Subcommittee. Arrange
for coordination with other Subcommittees ass appropriate.
(f) . Mobilize, in support of the iatellig+enee community,
the full economic knowledge and technical talent in its field available
in the OovermWnt. Such support will normally take the form. of ad hoc
responses to the requests of other WIB Coatittees. Le.g., the UM-'M goc
Committee on &Xcbangess and cooueration with other s ub comgtts or
SIC on matters of mutual concern. the
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2. In addition to the minisetm functions outlined above,
the Bubecittee on Internmtiot&al Trade and Finance, when appropriate,
shall perform the following fumetions with respect to its assigned
fields
(a) Assist or advise agencies in the progra~mdng of
research in order to ainimisce duplication and assure as effective
a distribution of research effort as is practical in view or each
agency?s responsibilities.
(b) Provide an opportunity for the review and comparison
of methodologies utilised in research in the field covered by the
Snbcomittee.
(c) Provide an r,.pportunity, where appropriate and practical,
of obt lnl,ug closer agreement on selected basic statistics within the
field of eomIsetenee of each Subcommittee.
(d) Bring to the attention of the current problems and
requirements for coordinated research which sane recognised by the
xambers of the Subcosittees.
D- tt P.roc s
The S bcoemeittee shall establish its own operating procedures
subject to the following conditions:
1. It shall need in formal session at least once each fiscal
iM&r to preps and approve its Angn l Report to the 8SC. the Annual
Report will be responsive to the request of the BY* Secretariat and
will cover the activities of the Bubecmittee in fulfilling its mission
as outlined in C. above The Subec anittee will schedule or meetings
as required to fulfill its rec abilities.
~~nnri ..oi.nrm.~mmgy
2. The Bubc,aittee Secretariat shall provide all aedbere of the
R$C, the 8ubccssmittee, and the E Secretariat with copies of the Agenda
and Minutes or its meetings.
3. Reports and recosremn2ations which have been approved by the
Subcommittee any be transmitted to the RTC without comment. In ease
of dissent, the traneigttal mat be necoenpsszied by an appropriate
statement, Prepared by the dissenter(s), advising the = of the nature
and substance of the dissent.
Approved For Release : CIA-RDP61 S00527A000200170003-5