CZECH EXHIBITS AT LEIPZIG FAIR; TRADE AGREEMENTS, WITH ARGENTINIA, FINLAND, CHINA

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000700110448-1
• Release Decision: RIPPUB
• Original Classification: R
• Document Page Count: 3
• Document Creation Date: December 22, 2016
• Document Release Date: September 14, 2011
• Sequence Number: 448
• Publication Date: June 10, 1953
• Content Type: REPORT

Declassified in Part - Sanitized Copy Approved for Release 2012/02/08: CIA-RDP80-00809A000700110448-1
CLASSIFICATION Rd$TRICTED
SECURITY INFORMATION
CENTRAL INTELLIGENCE AGENCY REPORT
INFORMATION FROM
FOREIGN DOCUMENTS OR RADIO BROADCASTS CD NO.
COUNTRY Czechoslovakia
SUBJECT Economic - Foreign trade
HOW
PUBLISHED Semiweekly newspaper
WHERE
PUBLISHED Berlin
DATE
PUBLISHED 2 Jul - 9 Oct 1952
LANGUAGE German
un a?e. , co.n,n ra a,'ucu n~rv ., ,..r,w um .ma, ?
SOURCE Aussenhandels-Nachrichten.
SUPPLEMENT TO
REPORT NO.
CZECH EXHIBITS AT LEIPZIG FAIR;
TRADE AGREEMENTS, WITH ARGENTINA, FINLAND, CHINA
I--STATE
IAR
The exhibition of Czechoslovak products at the 1952 Leipzig Industrial
Fair is the largest ever assembled by Czechoslovakia. Some 2,500 square
meters of hall area and 2,000 square meters of open-air space were made avail-
able. Among the more important Czechoslovak exhibits are a steam boiler with
an output of 220 tons per hour, and steam turbines with an output of 50,000
and 55,000 kilowatts. One rotor on exhibition weighs 16 tons.
In the field of electrical engineering large synchronous motors., with
an output of 15,000 kilowatts, were built for exhibit. In the field of ma-
chine tools, lathes 32 meters long and weighing 180 tons were manufactured
for exhibit. Work of up to 120 tons in weight and 2,500 millimeters in cir-
cumference can be handled by these lathes. The 81-ton motor of a conveyer
used in mining is a special attraction. For metallurgical plants, billet
shears weighing 73 tons were built: a gantry milling machine weighing 35
.toss, a new lathe, and a radial drilling machine furnish an excellent cross
section of the ability of the heavy-machine building industry of Czechoslo-
vakia.
In addition to industrial products, the exhibition also contains ex-
pensive material, in the form of models, photographs, and drawings, showing
improvements in housing and in building techniques, and the broad provisions
for social welfare available to all workers.
CONCLUDE TRADE AGREEMENT WITH ARGENTINA -- Berlin, Aussenhandels-Nachrichteii,
9 Oct 52
Recently a trade agreement between Czechoslovakia and Argentina was con-
cl,irled. It is reported that the entire volume of trade between the two coun-
tries will be handled through the Argentine export mol,,,poly, TAl'I, except as
CLASSIFICATION
NAVY NSRB
AIR EXI FBI
DISTRIBUTION
Declassified in Part - Sanitized Copy Approved for Release 2012/02/08 _CIA-RDP80-00809A000700110448-1_M
 Declassified in Part - Sanitized Copy Approved for Release 2012/02/08: CIA-RDP80-00809A000700110448-1
the monopoly itself delegates its functions to individual firms. Each country
is extending to the other a so-called swing credit in the amount of 300 mil-
lion crowns, which is to be repaid in installments of 5 million crowns, but
payable in gold or US dollars, in case the credit of 300 million crowns has
been overdrawn. Only if one of the countries draws more than 100 million
crowns of the entire credit of 300 million crowns does it have to pay inter-
est, at the rate of 3 perr.eut, for the amount exceeding 300 million crowns.
A special clause excepts so-called switch transactions in settlement. The
agreement is supplemented by two lists of commodities, which, however, have
been set up without quotas expressed in quantity or in value and without
even an obligation to purchase. These lists are to be used solely as guides
for the mutual exchange of goods.
The list of Argentine export products includes: raw and processed
hides; leather products; quebracho extracts; casein; wool; animal hair and
bristles; bone meal and fish meal; blood; linseed cakes; edible oil and
tung oil; honey; fresh, dried, and canned fruits; alcohol; molasses; and
other products.
The much more voluminous list of Czechoslovak export products includes:
hops; refractories; iron and steel wire; electric meters and measuring ap-
paratus; telephonic and electrical supplies; rolled iron; iron bare and plates;
iron rods; iron pipes; aluminum bars; pine wood; cotton yarn; kraft insulat-
ing paper; parts for textile, paper, and farm machinery; diesel motors for
agriculture; glass; microscopes; industrial and vegetable wax; pencils and
pencil leads; and other products.
CONCLUDE TRADE AGREEMENT WITH FINLAND -- Berlin, Aussenhandels-Nachrichten,
2 Jul 52
A trade agreement has been concluded between Finland and Czechoslovakia,
according to which the value of goods to be exported by Czechoslovakia to
Finland is set at 400 million crowns. The principal goods to be delivered
Lby Czechoslovakia?7 will be industrial products, such as motor vehicles and
spare parts, motorcycles, tractors, textile machines, electric welding out-
fits, machine tools, fine mechanical apparatus, precision tools, sewing ma-
chines, typewriters and other office machines, chemicals, plate glass over
5 millimeters thick, and refractory glass.
DEVELOP CZECHOSLOVAK-CHINESE TRADE RELATIONS -- Berlin, Aussenhandels-
Nachrichten, 13 Sep 52
The Czechoslovak government has approved the extension of the period of
validity of the trade and payments agreement with the People's Republic of
China for the year 1952.
This trade agreement is the third concluded between the People's Republic
of China and Czechoslovakia. The first, signed in June 1950, encouraged the
development of economic relations.
The second agreement, dated 21 June 1951, provided for a fourfold in-
crease in the mutual. exchange of goods, as compared to 1950. An agreement
was recently concluded covering cultural, scientific, and technical coopera-
tion and postal and telecommunications services between the two countries.
Czechoslovakia is furnishing machines, complete sets of mechanical equip-
ment of various types, foundry products, measuring apparatus and instruments,
transportation equipment, chemicals, motor vehicles, paper, medical instru-
ments, and other kinds of industrial and semifinished goods.
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 Declassified in Part - Sanitized Copy Approved for Release 2012/02/08: CIA-RDP80-00809A000700110448-1
China in return is furnishing valuable raw materials for the heavy and
light industry and for the food industry, including ores and concentrates,
wool, silk, leather, bristles, oleaginous seeds and vegetable oils, tea, spices,
etc.
SET UP COMMITTEE TO PROMOTE INTERNATIONAL TRADE -- Berlin, Aussenhandels-
Nachrichten, 4 Oct 52
A National Committee for the Promotion of InternatlonaL Trade has been
established in Prague, with the collaboration of Czechoslovak economists and
scientists, as well as representatives of industry, foreign trade, and the
trade unions. Dr Otokar Pohl, director of the State Bank and head of the
Czechoslovak delegation to the Moscow Economic Conference, has assumed the
leadership of this committee.
At its first meeting, the committee discussed the development of inter-
national trade relations since the close of the Moscow Economic Conference
and adopted an agenda based on the decisions of the Moscow Conference.
TRANSFER CUSTOMS ADMINISTRATION TO FOREIGN TRADE MINISTRY -- Berlin, Aussen-
handels-Nachrichten, 9 Aug 52
A decree issued by the Czechoslovak government has transferred the ad-
ministration of customs to the Ministry of Foreign Trade, effective 1 Au-
gust 1952. A special Central Customs Administration is to be set up at
this ministry, to take over all functions of the Ministry of Finance and of
the kraj national committees dealing with customs and the promulgation of
customs law.
3-
RESTRICTED
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