East-West Trade Trends: Mutual Defense Assistance Control Act of 1951 (the Battle Act); Fourth Report to Congress, Second Half of 1953 — John Shaqi
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
All the trade agreements concluded between countries of Eastern
and Western Europe since mid-1953 have included quantities of such
items--limited, of course, by the West's security controls which
provide for the embargo of some items and quantitative restrictions on
others. In the trade agreements of Czechoslovakia and Poland, we find
quotas for deliveries from the free world of electrical equipment,
ball bearings, steel products, pyrites, lead, zinc, aluminum, and
many others. Bulgaria also has shopped for capital equipment. In
exchange for their grain, vegetables, fruits, tobacco, and a small
amount of manganese and chrome, the Bulgarians made trade-agreement
commitments to get important amounts of cables, rods, bars, plate
steel, railroad equipment, floating cranes, electrical machines and
installations, mining equipment, and miscellaneous machinery. The
U.S.S.R., besides its procurement program for ships, has written into
its trade agreements certain kinds of machine tools, various kinds of
steel, equipment for electric power plants, construction equipment,
chemical products, textile machinery and machinery for the timber and
food-processing industries. An analysis of one recent trade agreement
showed that three-quarters of the value of the Soviet imports consisted
of products of the metal working industries. Businessmen in the United
Kingdom, which has concluded no recent trade agreement with the
U.S.S.R., have reported that the Soviet bloc's real interest in buying
British goods was confined mainly to items for production.
The attempts to purchase items like those named in the foregoing
paragraph are nothing new. The point is, these efforts are continuing.
Many of these items have been under quantitative controls by the
major free-world countries--that is, exported to the bloc in limited
quantities only. Some of the most highly strategic items, such as
the types of machine tools and bearings that are essential to war
production, have been under embargo, and when that was true, the
free countries that participate in the international control program
have generally shipped them only to fulfill commitments made before
controls went into effect, or in special cases where the countries felt
strongly that the shipment was justified in view of the benefits to the
free world that resulted from the two-way trade made possible by the
shipment. In 1952 and 1953, for example, all nations receiving aid from
the United States permitted the shipment to the Soviet bloc of roughly
$15 million in items that were listed for embargo under the Battle Act
(Mutual Defense Assistance Control Act of 1951), as compared with total
free-world shipments to the bloc of about $2.7 _billion_ in the same 2
years.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account