East-West Trade Trends: Mutual Defense Assistance Control Act of 1951 (the Battle Act); Fourth Report to Congress, Second Half of 1953United States. Foreign Operations Administration
History
East-West Trade Trends: Mutual Defense Assistance Control Act of 1951 (the Battle Act); Fourth Report to Congress, Second Half of 1953
United States. Foreign Operations Administration
Military assistance; Mutual security program, 1951-; United States -- Commercial policy
In midsummer of 1953, at about the time of the Korean armistice of July
27 and just before Malenkov's major speech of August 8, the Soviet
Union attracted world attention by a flurry of new trade agreements
with non-Communist countries. There was another flurry around the end
of the year.
During the last 9 months of 1953 and the early part of 1954, the
representatives of U.S.S.R. adopted a somewhat more polite and
businesslike manner in their commercial dealings with the free world.
They not only _said_ they wanted more trade (they had never stopped
saying it) but they took more steps to bring it about. Besides trade
agreements, they signed more contracts with private firms. In Moscow
they warmly entertained traveling salesmen from the West. In Western
capitals they staged a few cocktail parties and press conferences. They
poured more funds into eye-catching exhibits at "trade fairs" from
Copenhagen to Bangkok. They made grandiose offers to buy, and gave
them great publicity. Some offers to buy, sell, or barter they made
quietly through commercial channels. They showed signs of wanting the
nonindustrial portions of the world to regard them as a helpful "big
brother" bringing both trade and aid.
These activities, which many writers have called a "trade offensive,"
carried with them important meanings for the free world. In this
chapter we shall examine the activities and probe for the meanings.
=The New Trade Agreements=
In a period of about 3 weeks, in late July and early August, the
U.S.S.R. concluded trade agreements with France, Greece, Argentina,
Denmark, and Iceland. These were not mere renewals of expiring
agreements. The U.S.S.R. had never before had trade agreements with
France, Greece, or Argentina (or any other Latin American country). Its
last trade agreement with Denmark had expired in 1950, and with Iceland
in 1947. Its trade with three of the countries, Greece, Iceland, and
Argentina, had been almost nonexistent in recent years. Considerable
trade, however, had been carried on with France and Denmark without
benefit of trade agreements.
The U.S.S.R. also renewed existing trade agreements with Iran and
Afghanistan and signed a "payments agreement" with Egypt. Most of these
trade agreements signed during the summer of 1953 became effective as
of July 1.
The second group of trade agreements, clustered shortly before or
after January 1, 1954, and mainly effective as of that date, was with
India, Belgium, Norway, Sweden, and Finland. It was the first time the
U.S.S.R. had ever had a trade agreement with India. There had not been
one with Belgium since 1951. The others were renewals. Barter deals
were also made with some of the countries already mentioned, and with
Israel and Japan.
Public-domain text, read in full here on John Shaqi.
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