THE PRESIDENT'S DAILY BRIEF 29 JUNE 1974

• Document Type: FOIA
• Collection: President's Daily Brief 1969-1977
• Document Number (FOIA) /ESDN (CREST): 0006007996
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 12
• Document Creation Date: August 14, 2016
• Document Release Date: August 24, 2016
• Publication Date: June 29, 1974

Declassified in Part - Sanitized Copy Approved for Release 2016/07/19 : CIA-RDP79T0093-6A012100010053-4
The President's Daily Brief
June 29, 1974
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Exempt from general
declassification schedule of E.O. 11652
exemption category 513(1).(2),(3)
declassified only on approval of
the Director of Central Intelligence
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THE PRESIDEIT'S DAILY BRIEF
June 29, 1974
PRINCIPAL DEVELOPMENTS
The Soviet helicopter carrier Leningrad is apparently
en route to the Indian Ocean. The carrier may play
a role in mine-clearing operations scheduled to begin
next month at the southern end of the Gulf of Suez.
Alternative--or additional--destinations could be
Somalia or India. (Page 2)
The Lebanese government is continuing to explore var-
ious options for discouraging fedayeen raids from
Lebanon and for defending itself against Israeli re-
taliatory strikes. (Page 3)
China's foreign trade increased in 1973 by 60 percent
to about $9.4 billion. The outlook for 1974 is for
an increase of another 30 to 40 percent. (Page 5)
In Canada, neither major party appears to have a sig-
nificant edge as the election campaign proceeds. The
vote on July 8 is likely to produce another minority
administration. (Page 6)
Press reports from Addis Ababa say that the Ethiopian
armed forces have seized control and are arresting
cabinet ministers and other officials. (Page 6)
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USSR
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Leningrad Guided-Missile Helicopter Carrier
41t
3:111Ik
171 74'
14, _
" 117 *- o* " 72t:t 7: L.'4 :r--' ? -
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.4.-7"
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USSR
The Soviet Union is apparently sending its heli-
copter carrier Leninrad to the Indian Ocean0
the carrier may be intended as
the command ship for Soviet mine-clearing operations
scheduled to begin next month in the Strait of Gubal
at the southern end of the Gulf of Suez.
Alternative--or additional--destinations for the
carrier could be Somalia or India.
A "show-the-flae visit to India is a further
possibility.
Wherever the Leningrad ultimately goes, its pres-
ence will be read as a fresh indication of the USSR's
desire to develop a significant naval presence in the
Indian Ocean area.
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LEBANON-FEDAYEEJ
The Lebanese government is continuing to explore
various options for discouraging fedayeen raids from
Lebanon and for defending itself against Israeli re-
taliatory strikes. Although the government remains
unwilling and unable to impose controls on fedayeen
movements in southern Lebanon, high officials--in-
cluding President Franjiyah--have met with guerrilla
leaders in attempts to elicit pledges that they will
restrict their terrorist activities.
The Lebanese, partly to demonstrate to the Arab
world that they are doing something about the Israeli
attacks, will appeal for wide Arab support at.a meet-
ing on July 1 of the Arab League Defense Council in
Cairo. Lebanese officials have publicly called on
the other Arabs to provide them with antiaircraft
weapons, including ground-to-air missiles.
Lebanon's lead-
ers remain apprehensive about Syria's irredentist
claims to Lebanese territory.
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NORTH KOREA - SOUTH KOREA
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CHINA
China's foreign trade increased in 1973 by 60
percent to approximately $9.4 billion. The outlook
for 1974 is for an increase of another 30 to 40 per-
cent.
Trade with the non-Communist world will again
account for 80 percent or more of China's total
trade. Japan will remain the leading partner, with
two-way trade reaching about $3 billion. The US
will continue to be China's number two trading part-
ner; total Sino-US trade is likely to reach $1.2
billion, up from $870 million last year.
China's trade deficit with the non-Communist
world will probably reach $1 billion, up from $425
million last year. To help cover these deficits,
Peking has relaxed its conservative financial policy
and greatly expanded the use of short- and medium-
term credit. China has also increased its efforts
to boost hard currency earnings from exports and
invisible transactions. Petroleum exports, only
$35 million in 1973, will probably exceed $300
million this year and could earn $1 billion annually
within the next few years.
The recent surge in imports is aimed at off-
setting agricultural shortfalls and boosting indus-
trial development. Imports of grain, sugar, cotton,
and vegetable oils should increase from a record
$1.3 billion in 1973 to about $2 billion in 1974.
Roughly half of China's agricultural imports will
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come from the US.
New orders for machinery and equipment continue
strong, despite a growing debate in China over the
dangers of reliance on foreign equipment and tech-
nology. Last year, machinery and equipment orders
to Western firms totaled almost $2.5 billion, includ-
ing $1.2 billion worth of complete industrial plants
bought from Japan, Western Europe, and the US.
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FOR THE PRESIDENT ONLY
NOTES
Canada: Neither major party appears to have a
significant edge as the election campaign proceeds,
and the vote on July 8 is likely to produce another
minority administration. The nationalist-minded New
Democrats have a good chance of holding the parlia-
mentary balance of power again. Inflation has been
the principal campaign issue.
Ethiopia: According to press reports from
Addis Ababa, the armed forces have seized control
and are arresting members of the government, includ-
ing Prime Minister Endalkatchew. The troops still
profess to be loyal to Emperor Haile Selassie. The
take-over apparently was triggered by an effort made
by some members of parliament to secure the release
of former cabinet ministers arrested by the army
last April.
FOR THE PRESIDENT ONLY
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Top Secret
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