THE PRESIDENT'S DAILY BRIEF 26 NOVEMBER 1976

• Document Type: FOIA
• Collection: President's Daily Brief 1969-1977
• Document Number (FOIA) /ESDN (CREST): 0006466907
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 10
• Document Creation Date: August 14, 2016
• Document Release Date: August 24, 2016
• Publication Date: November 26, 1976

Declassified in Part - Sanitized Copy Approved for Release 2016/07/19 : CIA-RDP79T00024A000300060004-1
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The President's Daily Brief
November 26, 1976
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7-0-7---Psre.r.e425X1
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Exempt from general
declassification schedule of E 0 11652
exemption category 511(1)12).0)
declassified only on approval of
the Director of Central Intelligence
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FOR THE PRESIDENT ONLY
November 26, 1976
Table of Contents
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Japan: Japan's 1976 exports should exceed its total overseas
sales in 1975. (Page 2)
USSR-Romania: Talks this week between General Secretary Brezh-
nev and President Ceausescu and the joint declaration they
signed indicate efforts to promote an appearance of improved
relations without making any fundamental concessions.
(Page 3)
Note: Saudi Arabia (Page 5)
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Rhodesia
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South Africa
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RHODESIA:
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JAPAN: Japan's 1976
exports, judging from
data through September,
should exceed its total
overseas sales in 1975
by 18 percent, partly
because of a successful
export drive into de-
veloped country markets.
* * *
Sales to developed country markets
have accounted for 86 percent of
the rise in Japanese exports this
year. The Japanese have pushed
high-value items, such as cars,
steel, and electronic products.
Japan has been in a better posi-
tion than other industrial produc-
ers to boost sales to the US and
other key developed country mar-
kets because of its superior mar-
keting system. While European au-
tomobile manufacturers--particu-
larly Volkswagen--were cutting
back outlets in 1974 and 1975,
Toyota, Honda, and Nissan were in-
creasing both the number of out-
lets and showroom space. To in-
crease sales of televisions, Japa-
nese firms teamed up with leading
US retailers--Sears, JC Penney,
and Montgomery Ward--and now pro-
duce 80 percent of the portable
color TVs marketed under these
labels.
Japanese producers--particularly
of steel, textiles, and machinery--
have made extensive use of rapidly
expanding Japanese trading firm
subsidiaries both in the US and
Europe.
2
--continued
FOR THE PRESIDENT ONLY
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FOR THE PRESIDENT ONLY
Japan will face new
trade barriers if it
continues to make in-
roads in industrial
country markets.
USSR-ROMANIA: Talks in
Bucharest this week be-
tween General Secretary
Brezhnev and President
Ceausescu and the joint
declaration they signed
indicate efforts to pro-
mote an appearance of
improved relations with-
out making any funda-
mental concessions.
In response to the recent world
economic downturn, Japanese firms
were the first to cut export prices
to key markets well below their
competitors. Export prices dropped
21 percent in dollar terms from
early 1975 until early 1976. Fur-
thermore, Japanese traders have
not taken advantage of the economic
recovery by rapidly increasing ex-
port prices.
Partly to avoid such barriers and
partly to counter rising produc-
tion costs at home, Japanese firms
have been acquiring production fa25X1
cilities in the US.
If for- 25X1
eign pressure continues to mount,
we expect Japan to try to obtain
marketing agreements that would
allow Japanese industry to hold
on to as much of their expanded
market shares as possible.
During the course of the talks,
Brezhnev said no "important.unre-
solved problems" exist between
Moscow and Bucharest, but then
touched on such subjects as the
need to perfect the division of
labor among socialist states and
the necessity for "cohesion of
socialist countries."
Ceausescu said that differences
of opinion on "non-essential
problems should not affect bilat-
eral cooperation." He then
enumerated almost all points of
contention between the two coun-
tries. He mentioned Romania's
3
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FOR THE PRESIDENT ONLY
Brezhnev and Ceausescu
ended their discussions
on the eve of the meet-
ing in Bucharest of the
Warsaw Pact's Political
Consultative Committee.
status as both a socialist and
developing country, came close to
equating the nonaligned world with
socialist countries, and made only
passing references to the Warsaw
Pact and the Council for Economic
Mutual Assistancc,
The Romanian party daily, Scinteia,
covered in its Tuesday issue the
visits of both Brezhnev and Secre-
tary of Commerce Richardson to
Bucharest and of a Romanian
deputy defense minister to China.
The committee presumably will con-
sider issues to be discussed at
next year's follow-on conference
to the Helsinki accords. Romania
seems likely to continue to differ
with the USSR as to what these
issues should be.
The consultative committee may
also surface a new initiative
urging the West to agree to con-
crete measures on disarmament.
Brezhnev said Wednesday that he
hopes to see rapid movement on
the Strategic Arms Limitation
Talks when the new US administra-
tion takes office.
* * *
--continued
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Saudi
NOTE
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Top Secret
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