EAST - WEST TRADE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP70B00338R000300070038-7
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 3
• Document Creation Date: December 19, 2016
• Document Release Date: September 12, 2005
• Sequence Number: 38
• Content Type: REPORT

Approved FoRel ase 2005/11/21 : CIA-RDP7 B0 38 0300070038-7
EAST - WEST TRADE
"East-West Trade Relations Act of 1966" (S. 3363) introduced by Senator
Mansfield (D., Mont.) - 17 May 1966
MAJOR STATEMENTS
State of the Union message - 12 January 1966
State of the Union message - 10 January 1967
Secretary of State's transmittal of draft legislation - 11 May 1966
To give President authority to negotiate commercial agreements for
trade in "peaceful goods" with the Soviet Union and Eastern European
countries. Major substantive provision word extend "most favored nation"
(MFN) tariff treatment to certain individual Communist countries when this
is determined to be in the national interest.
Purposes
To use "peaceful trade" with Communist countries to advance long-
range U. S. national interests.
To provide a framework for T.I S. firms to conduct business with
Communist state trading agencies.
To expand markets for U.S. products in those countries by creating
similar opportunities for their products to compete in U. S. markets on a
nondiscriminatory basis.
Would give the President authority to make an agreement with a
Communist country to give that country MFN treatment if he determined
it was in the national interest and would result in benefits to the U. S.
equivalent to those gained by the other country. Note: the bill has no
provision for the negotiation of new tariff concessions with the Communist
countries themselves.
enpfite from agreements (examples)
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Arrangements for the protection of industrial rights and processes.
Approved For Release 2005/11/21: CIA-RDP70B00338R000300070038-7
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Settlement of commercial disputes.
Improvement of consular relations.
Settlement of financial and property claims.
Initial limitation - 3 years, renewable for 3 year periods.
Subject to suspension or termination at any time upon "reasonable
notice" and would provide for regular consultation to review the operation
of the agreement and "relevant aspects of relations between the U. S. and
the other country. "
Would apply to all Communist countries except Cuba, Communist
China, North Korea, North Vietnam, and the Soviet zone of Germany.
(Poland and Yugoslavia currently receive MFN and would continue to do so.)
Export Control Act of 1949 (P. L. 81-11)
Mutual Defense Assistance Control Act of 1951 (Battle Act,
(P. L. 82-213).
Thus controls on military articles and strategic goods and technology would
remain in effect, and prohibitions on aid as well as limitations of credit
to any of the Communist countries concerned would remain unchanged.
Approved For Release 2005/11/21: CIA-RDP70B00338R000300070038-7
 Approved For Release 2005/11/21: CIA-RDP70B00338R000300070038-7
DATE
TRANSMITTAL SLIP
TO:
Mr. `Varner
ROOM NO.
BUILDING
REMARKS:
FROM:
G LC
ROOM NO.
BUILDING
EXTENSION
I FEB 55 241
REPLACES FORM 36-8
WHICH MAY BE USED.
Approved For Release 2005/11/21: CIA-RDP70B00338R000300070038-7