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-RDP82-00283R000200170013-4
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: December 20, 2016
• Document Release Date: September 24, 1998
• Sequence Number: 13
• Publication Date: July 14, 1960
• Content Type: PERRPT

Approved For Release 2007/03/03: CIA-RDP82-00283R000200170013-4
SUBCOMMITt'EE ON ECONOMIC DEFENSE
or the
ECONOMIC INIEI.I,IGENCE COMMLIT1 E
r 4)RANDUM FOR: The Executive Secretary, EIC
DRAFT COPY
14 JUL 1960
aU?.TECT: Annual Report of the Economic Defense Subcommittee
E;DSC ;) for Fiscal Year 1960
REFERENCE: Bic -D-4i5, 31 May 1960
A. Activities of the Subcommittee Durin the Fiscal Year.
1. Tice Subcommittee did not meet nor engage in any ad hoc activities
ng Fiscal Year 1960. The Subcommittee has held only two meetings
atnce its formation. One was held. in 1950 to organize the Subcommittee
yid the other in 1959 to approve the annual report for Fiscal Year 1959.
2'. In:te.ll.ig+ence support for Economic Defense is presently being
t arried on within the EDAC/ACED structures and to some degree within
other Subcommittees and Working Groups of the ETC. In addition, almost
:.ontinuous ad hoe contacts take place within the intelligence comminity
on Economic Defense matters. Thus, the need for the Subcommittee as
a medium for interagency review and coordination is extremely limited.
3. An : to the "minimum" functions required of an EIC Subcommittee
most have little or no applicability to the EDSC. The review of those
research and collection deficiencies which have a bearing on economic
defense matters is best accomplished not by members of the EDSC but by
qx etatista in the various commodity fields working through their
sre pective EIC Subcommittees. The same is true of substantive papers.
opoeals3 for external research are more properly discussed in EDAC
than the EDSC. There is no body of statistics which are identified
solely with economic defense. Such data falls under the purview of
Intelligence analysts in cos dity and foreign trade fields.
Future Program of the Subcommittee
In light of the above discussion it is evident that there is little.
:r.`ect prospect for a meaningful future program for the Subcommittee.
therefore recommended that the Subcommittee be placed on a stand-
by basis until such time as a real need for such an organization is
Charma,
Approved For Release 2007/03/= fttIle 2-00283R000200170013-4