ECONOMIC - FOREIGN TRADE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600240635-0
• Release Decision: RIPPUB
• Original Classification: R
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: July 7, 2011
• Sequence Number: 635
• Publication Date: August 1, 1949
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/07/07: CIA-RDP80-00809A000600240635-0
CEP'_'?AL INTELLIGENCE AGE0CY REPORT
INFORMATION FROM
FOREIGN DOCUMENTS OR RADIO BROADCASTS CD NO.
VU1.1,JI P 16/rq I V III
COUNTRY Yugoslavia; Czecsoolo?akia
SUBJECT Economic - Foreign trade
HOW
PUBLISHED Daily newspaper
WHERE
PUBLISHED Eelgrade
DATE
PUBLISHED 16 Jun 1949
LANGUAGE Serbo-Croatian
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SOURCE
Rod, No 142, 1949.
DATE DIST. f Aug 1949
NO. OF PAGES 2
SUPPLEMENT TO
REPORT NO.
THIS IS UNEVALUATED INFORMATION
For a long time Czechoslovakia has been violating its commercial agreements
with Yugoslavia. On the instructions of the Cominform, Czech foreign trade
authorities first delayed shipQants and later canceled delivery of finished and
semifinished goods contracted and already paid for by the 7hgoslav automobile
industry, mining industry, and other branches of the Yugoslav economy.
A ocm,)arison of the prices paid to Czechoslovakia by Hungary with those
not for Yugoslavia under the last trade afe,ement shove great discrimination
against Yugoslavia. ,:ererthelese, the Y:goslav nelegr_tion in- P,n a at the
negotietione for the last trade agreement proposed that Yugoslavia deliver
2 times more nonferrous metals than the agreement of Naroh 1949 in Belgrade
provided.
At the beginning of 31&y 1949 the Czech government, unilaterally and in
vtslation of all existing agreements, forbade all further export to Yugo-
elavia. Zn consequence, All deliveries of goods from Yugoslavia ao Czocho-
slovacia also came to a halt, cad about 50C million dicars' worth' (1 dinar =
I crown) of goo.is iatrn3w1 for Czechoslovakia remained in Yugoslavia.
The official communique by which the Czech government attempted to JoAtify
this measure alleges that deliveries had to be suspended because o! the Yugo-
slav adverse balance of trade of 3CC million crowns visa-ris Czechoslovakia.
Eovever. Yugoslavia is not. the only oountry with an adverse balance of trade
with :;anoaositvakia, and the Czech government has not broken off bradv relations
with countries having a far greater adverse balance than Yugoslavia. .:f the
Czech government were sincere, it would have to brerk.off trade relations with
Poland, Palestine, Austria, Western Germany, Eclland, Australia, Italy, and
other ocuntries, and jeopardize its entire foreign trade.
As of the end of January 1949, 17 countries had an adverse balance of
trade with Czechoslovakia, seven of them much more so than Yugoslavia, while
many of them have concluded far lees extensive trade agreements with Cceoho-
slovakia than Yugoslavia has done. The following table gives trade figures
(millions of crowns):
Sanitized Copy Approved for Release 2011/07/07: CIA-RDP80-00809A000600240635-0
 Sanitized Copy Approved for Release 2011/07/07: CIA-RDP80-00809A000600240635-0
F
Couxitry Adverse Balance Toted Reul;;reoal Trade
Palestine
Austria
Germany, Western Zone
Holland
Italy
Yugoslavia
685.9
923.3
640.8.
2,437;4
435.2
1,112.8
380.1
'4,450
270
2,063
214.9
5,003.3
At the end of January 1949, Yugoslavia ranked third in the foreign trade of
Czechoslovakia, immediately after the USSR and Great Britain. The Yugoslav
trade with Czechoelovakia,'while the western zone of Germany had an adverse
balance of 39.5 percent of its reeoiprocal trade, andlPalestine,frns.which
Czeohoulovakia importe'branges, had an adverse balanoe of 74.14 percent.
651 knn nnn vir!h the ria 627 ,Ptnn 000 crc ne ?1as? :_, 401,700:0m nrewr.?n
with Canada, 350,700,000 crowns. with Belgian, and 281,600,000 crowns with Pseanla.
At the and of January 1949, Czechoslovakia had an adverse balance of trade
with 12 other countries, in some oases far greater than that of Yugoslavia with
Czechoslovakia. For esaapl.e, Czechoslovakia had an adverse balance of; trade of
509,900x000 crowns with Sweden, 2,457,900,000 crowns with Great Britain,
{L'~MIGTED
Sanitized Copy Approved for Release 2011/07/07: CIA-RDP80-00809A000600240635-0