ANNUAL REPORT OF THE ECONOMIC DEFENSE SUBCOMMITTEE (EDSC) FOR FISCAL YEAR 1960

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00283R000200170011-6
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 20, 2016
• Document Release Date: September 24, 1998
• Sequence Number: 11
• Publication Date: September 26, 1960
• Content Type: PERRPT

Approved For Release 2007/03/03: CIA-RDP82-00283R000200170011-6
SUBCO MITTEE ON ECONOMIC DEFENSE
of the
ECONOMIC IN' I MCE COMTTEE
26 September 1960
MEMORANDUM FOR: The Executive Secretary, EIC
SUBJECT: Annual Report of the Economic Defense Subcommittee
(EDSC) for Fiscal Year 1960
REFERENCE: ETC-D-43 , May 1960 .31
A. Activities of the Subcommittee During the Fiscal Year
1. The Subcommittee did not meet nor engage in any ad hoc acti-
vities during Fiscal Year 1960. The Subcommittee has held only two
meetings since its formation. One was held in 1958 to organize the
Subcommittee and the other in 1959 to approve the annual report for
Fiscal Year 1959.
2. Intelligence support for Economic Defense is presently being
carried on within the EDAC/ACED structures and to some degree within
other Subcommittees and Working Groups of the ETC. In addition, almost
continuous ad hoc contacts take place within the intelligence community
on Economic Defense matters. Thus, the need for the Subcommittee as
a medium for interagency review and coordination is extremely limited.
3. As to the "minimum" functions required. of an EIC Subcommittee,
most have little or no applicability to the ED&C'. The review of those
research and collection deficiencies which have a bearing on specific
embargoed commodities is best accomplished not by members of the EDSC
but by specialists in the various commodity fields working through
their respective EIC Subcommittees. The Subcommittee has, however,
directed the Subcommittee secretariat to investigate the need for
compiling a list of priority research deficiencies in the field of
general. economic defense matters. Proposals for external, research
are more properly discussed in EDAC than the EDC. There is no body
of statistics which are identified solely with economic defense.
Such data falls under the purview of intelligence analysts in
commodity and foreign trade fields.
Approved For Release 2007/03/03: CIA-RDP82-00283R000200170011-6
 Approved For Release 2007/03/03: CIA-RDP82-002838000200170011-6
131TIT. CT4 Annual Report of the Economic Defense Subcomjnittee (FCC
r" or :Pisca_ , Year 1960
B. hare Program of
In light of the above discussion, it appears that prospects
Tor a meaningful future program for the Subcommittee rema tins con-
jecturel. it is therefore recommended that the Subcommittee continue
to investigate its role in interagency intelll.gence matters and re-
examine the need for the Subcommittee at the and of FY 1961.
25X1
Approved For Release 2007/03/03: CIA-RDP82-00283R000200170011-6