ATLANTIC CONFERENCE ECONOMIC ISSUES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP74B00415R000200070004-5
• Release Decision: RIPPUB
• Original Classification: U
• Document Page Count: 3
• Document Creation Date: December 20, 2016
• Document Release Date: July 18, 2006
• Sequence Number: 4
• Publication Date: November 14, 1972
• Content Type: TELEGRAM

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Approved For Release 2007/02/W/'VAI IRABO0415R000200070004-5
DEPARTMENT OF STATE TELEGRAM
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UNCLA CARACAS 8759
SUBJECT: ATLANTIC CONFERENCE ECONOMIC ISSUES
1. SECOND ATLANTIC CONFERENCE UNDER AUSPICIES CHICAGO
COUNCIL FOREIGN RELATIONS, WHICH TOOK PLACE NOVEMBER 9-12 AT
MACUTO, VENEZUELA, AND COMMENCED WITH DINNER PRESIDED OVER
BY PRESIDENT CALDERA, FOCUSED ON ECONOMIC RELATIONS
EUROPE, LATIN AMERICA AND UNITED STATESQCONFERENCE
LIMITED TO FIFTY DISTINGUISHED LEADERS AND THINKERS IN
FIELDS OF ECONOMICS, POLITICS, PHILOSOPHY, EDUCATION AND
BUSINESS.
2. U.S. PARTICIPANTS INCLUDED SENATORS CHURCH, MATHIAS
(CO-CHAIRMEN), CHILES, STEVEN SON , AND TAFT; CONGRESSMEN
JOHN ANDERSON AND DONALD FRASER; ASSISTANT SECRETARY OF
STATE MEYER; DEPUTY SPECIAL TRADE REPRESENTATIVE MALM-
GREN ; AND VARIOUS HEADS OF U.S. CORPORATIONS AND
FOUNDATIONS. P
TICIPANTS FROM OTHER COUNTRIES IN-
CLUDED: CANADA, IVAN HEAD, SPECIAL ASSISTANT TO THE
PRIME MINISTER; ARGENTINA, OSCAR CAMILION, EDITOR IN
State Dept. review completed
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DEPARTMENT OF STATE TELEGRAM
CABLE SECRETARIAT DISSEM BY PER # TOTAL COPIES: REPRO BY
FILE RF.
CHIEF, EL CLARIN; BRAZIL, MARCILIO MARQUES MOREIRA,
VICE PRESIDENT r INIAO DE BANCOS BRASILEIROS; CHILE,
PATRICIO ROJAS CHAIRMAN, EXECUTIVE COMMITTEE OF INTER-
AMERICAN, COUNCIL FOR EDUCATION, SCIENCE & CULTURE;
COLOMBIA, RODRTGO BOTERO, EXECUTIVE DIRECTOR, FUNDACION
PARA LA ED UCAC IO N SUPERIOR Y EL DE SARR OLO ; VENEZUELA 9
DR. ARISTIDES CALVANI, MINISTER OF FOREIGN AFFAIRS,
CARMELO LAUR IA LESSEUR, VICE PRESIDENT, BANCO CENTRALE DE
VENEZUELA; ENRIQUE PEREZ OLIVARES, MINISTER OF EDUCATION;
BELGIUM, DR. THOM KERSTIENS, EXECUTIVE SECRETARY, UNIAPAC;
FRANCE, PAUL FABRA, LE MONDE, JOHN W. TUTHILL, PRESIDENT,
ATLANTIC INSTITUTE; ITALY, DOTT. PIERO BASSETTI, PRESIDENT,
LOMBARDY REGIONAL GOVERNMENT, MILAN; PROFESSOR GIAN PAOLO
CASADIO, UNIVERSITY OF BOLOGNA; SPAIN, LAUREANO LOPEZ?RODO,
MINISTER OF PLANNING AND DEPUTY PRIME MINISTER; JOAQUIN RUIZ-
GIMINEZ, ATTORNEY AND PROFESSOR OF LAW, UNIVERSITY OF MADRID;
SWITZERLAND, ERNST KELLER, PRESIDENT, ADELA INVESTMENT COMPANY.
30 CONFERENCE, WHICH WAS STRICTLY OFF RECORD, WAS
CHARACTERIZED BY EXTREMELY FRNK EXCHANGE OF VIEWS.
FOLLOWING PAPERS WHICH SET FRAMEWORK FOR WIDE RANGING
DISCUSSION, FOLLOWED BY TEN MINUTE INTERVENTIONS OR
REBUTTALS: ??INTERNATIONAL ECONOMIC PEACEKEEPING: A
SPHERE OF INFLUENCE WORLD OR A MULTILATERAL WORLD?"
PRESENTED BY HARALD B. MALMGREN; ??MULTINATIONAL
CORPORATION: PATHS, PITFALLS AND POLITICS AHEAD ??
PRESENTED BY JOHN DIEBOLD; ??LATIN AMERICA AND THE
NEW RELATIONSHIPS BETWEEN BIG POWERS,," PRESENTED BY
RODRIGO BOTERO; "WHAT IS THE POLITICAL AND ECONOMIC
ROLE OF EUROPE IN THE WAKE OF THE NIXON ECONOMIC
MEASURES OF 1971??? PRESENTED BY GIAN PAOLO CASADIO.
DESPITE HIGHLY CONFIDENTIAL NATURE OF CONFERENCE,
PAPERS NOT CONSIDERED CLASSIFIED AND BEING TRANSMITTED
BY AIRGRAM.
4@ WHILE REFERENCE FRAMEWORK CONFERENCE INCLUDED ENTIRE
RANGE ECONOMIC ISSUES FACING EUROPE, LATIN AMERICA AND
UNITED STATES, ACCORDING TO INFORMATION GLEANED BY PRESS,
ROLE OF MULTINATIONAL CORPORATIONS GENRATED MOST INTEREST.
INDICATION BY SENATOR CHURCH THAT HIS SUB-COMMITTEE WOULD
INVESTIGATE MULTINATIONAL CORPORATIONS WITH RESPECT TO
HOST COUNTRIES AS WELL AS U.S. ECONOMY REPORTED TO BE OF
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PARTICULAR CONCERN TO U.S. PARTICIPANTS INVOLVED IN INTER-
NATIONAL BUSINESS.
5. CHURCH IS REPORTED SAYING "WE WILL STUDY HOW THEY (MULTI-
NATIONAL CORPORATIONS) ARE ENGINES FOR DEVELOPMENT AND WE
WILL STUDY OBJECTIONS MADE TO THEM BY DEVELOPING COUNTRIES
...DEVELOPING NATIONS SHOULD SET GROUND RULES FOR OPERATIONS
OF MULTINATIONALS ...TO WHAT EXTENT THE INTERESTS OF THESE
COMPANIES CONFORM WITH OUR NATIONAL INTEREST ABROAD AND TO
WHAT EXTENT COMPANIES DIVERGE FROM BEST NATIONAL INTEREST?"
CHURCH ALLEGELY SAID HIS COMMITTEE WOULD ASK IF "UNITED
STATES POLICY HAS BECOME UNWITTING HANDMAIDEN" OF THESE
INTERESTS AND "HOW MUCH THEY CONTRIBUTE TO DEVELOPMENT,
O TRANSFER OF CAPITAL AND TO TRANSFER OF TECHNOLOGY.
FTER CONSIDERING THESE QUESTIONS COMMITTEE WOULD CON-
IDER LEGISTLATION INVOLVING TAX POLICY AND OPIC9"?
ACORDING PRESS REPORTS.
6.' AMBASSADOR MALMGREN?S CALL FOR INCREASED MULTINATIONAL
RESPONSIBILITY AND COOPERATION WITHIN FRAMEWORK GATT AND
C-20 REPORTEDLY WELL RECEIVED, PARTICULARLY BY PARTICI-
PANTS FROM LATIN AMERICA; HOWEVER, SOME NEGATIVE REACTION
REPORTED ON PART OF EUROPEANS RE IMPLICATION COMMON MARKET
COULD BE ESTABLISHING ECONOMIC HEGEMONY WITH EXCLUSION
NON-ASSOCIATED LDC SUCH AS LATIN AMERICA.
7. MAIN BENEFITS CONFERENCE DERIVED FROM "NO HOLDS BARRED"
EXCHANGE OF VIEWS WHICH PROVIDED ALL PARTICIPANTS WITH
DEEPER IF NOT ALWAYS NEW OR CONVINCING INSIGHTS RE VARIOUS
PERSPECTIVES OF OTHER COUNTRIES IN ATLANTIC COMMUNITY ON
ECONOMIC ISSUES LIKELY TO DOMINATE ATLANTIC RELATIONS
REMAINDER OF CENTURY. MCCLINTOCK
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#8759
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