ECONOMIC INTELLIGENCE COMMITTEE MINUTES OF MEETING HELD IN ROOM 2101, TEMPORARY 'M' BUILDING 26TH AND CONSTITUTION AVENUE, N.W. 18 DECEMBER 1951

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00283R000100180001-7
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 5
• Document Creation Date: November 9, 2016
• Document Release Date: July 21, 1998
• Sequence Number: 1
• Publication Date: December 20, 1951
• Content Type: MIN

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20 December 1951
of Meet heldi
room J.VLt -.r. M.Orary PIT '2 an Constitution avenue; N. .
APPROVAL OF HIND
1, Action: The minutes of the Economic Intelligence Committee
meeting of')ecember 1951 (EIC-M-9) were approved.
18 December 1951
Dr. Max F, Millikan, CIA, Chairman
Mr, Edward Doherty, State
Mr.i Howard Wiedemann, State
Lt. Col.. George- B. Russell, Army
Dl, Joseph Coker, Air Force
,Mr. ' William Jo Welk, ECA
Jr. Robert Simpson, Commerce.
Mr, Emil E, Schnellbacher, Commerce
25X1A9a Jr., CIA, Secretary
TERMS OF REFERENCE - SUBCOMMITTEE ON CHEMICALS
all existing and future Subcommittees with the explanation that para-
graphs 7, 8, 9, 10 and 11 express the views of the EIC on the initiation
and preparation of projects by the Subco,, ttees,
3. Copies of EIC-M?9 are to be distributed to the Chairmen of
were approved
2: A t on: The BIC Secretary is to advise the Chairman of the
Chemical Subcommittee that the EIC regards the function indicated in
the proposed standard terms of reference under I). ie e. (as quoted
below) as an important function of the subcommittees and assumes that
the Ch}emieal Subcommittee regards this as included in its terms of
reference oven though it is not specifically stated, The Subcommittee
may.make changes in its terms of reference to cover this point if trey
feel it is necessary.''With these qualifications the terms of reference'
ECO*C INTELLIGENCE COI
WOO
Examine the dataaad analyses in the field of (CHEMICALS) and advise
.the EIC in regard to the pertinence, extent and quality of the available
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TE,RP,,S QF RSF'ERENCE PETROLEUM INT,I,IGENCE ADVISORY GROUP
Action: The terms of reference for the PIAG were approved
with the fo o ng minor changes: Paragraph 4 (b) should be changed
to read "Review; and offer recommendations on studies which-have been
approved for. s consideration k the EIC."
PROPOSAL. FOR CONTINUING COMPILATION OF EAST-WEST TRo.DE STATISTICS IN UIE
D E P M M N T
5. Action: The Secretary of the E7" was directed to contact
the Chairman, oT-t
Subcommittee on. Requirements and Facilities for
Collation to advise him that the EIC is anxious that the Department of
State Foreign Reporting Circular on Trade and Other Economic-Relations
with Soviet Bloc Countries dated 26 November 1951 not be sent out. until
it is completely coordinated with the Department of Commerce. and MSA so
that it will reflect current requirements for compiling statistics on
East-West trade.
6e Any agency which has not as yet taken part in the interagency
discussions.of Bast-West trade statistics described in paragraph #7
below, and which wishes to-participate in further such discussions
should get in touch with the EIC Secretariat no later than the first
week in January.
7. Discussion: Two separate but very closely related problems
which have come up recently in connection with East-West trade statistics
are: (1) the preparation of statistical information for NIE-59; and
(2) the general problem of supplying East-West trade statistics on a?
continuing basis for the use of the Battle Act Administrator. and other
Agencies concerned with EastaWest trade. A proposal.has been made., and
accepted by the Department of Commerce, that Commerce should maintain a
continuing compilation of East-West trade statistics and issue quarterly
reports of such statistics. The information to be included in such
reports and tl?e,form in which they should be issued are now tinder consid.
e ration. Commerce will submit its proposals on these two questions to,
5A within a few weeks,# and they will then be discussed with all potential
users of the information who express an interest.
Y e iscuss the.
o d
form ana o j ectves of the survey with those members most interested in
securing modifications to the approach used in the agricultural presen-
SURVEY OF GOVERNMENT ECO VO iIC RESEARCH PROGRAMS ON TEL SOVIET BLOC
Action:' The Secretary was directed b +'k EIC t
90, Discussion; The discussion mainly centered around the questions
0fz '(1) what is meant to be included in column 2 of the worksheet?
'"pdp c~iePeia9'ldl deF1>#e2061a~.0n14~che
06
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DISCUSSION OF TFiE PROPOSED STANDARD. FORM FOR SUBCOM1.IITTEE TERMS OF REFERENCE
10. Action:. It was agreed that the proposed standard form for
subcommittee terms of reference would be furnished as a general guide to
each new EIC subcommittee.
PROPOSAL FOR A SUBCOJ?f:ITTEE ON ECOP1OMIC ANALYSIS
U. Action: CIA and State will prepare a new draft of proposed
functions foz a Subcommittee on Economic Analysis.
1219. Prior to the next meeting, EIC members are to suggest indi-
viduals-'from their agencies who might usefully participate in such a
subpmmittee and are to consider ithether or not it would be desirable
th 'have mesibexs. from outside the intelligence comm iaty.
13. The Secretariat is to draw up a paper setting forth proposed
functions for a Subcommittee on InUwnational Trade and Financed
14. Discussion: Mr. tiyi.edema,.n, State+, presented a proposal for
the formation oZa aiubcoranittee on Economic Artal7sis. The proposal
suggested that this subcommittee mig1.t handle i ii.ch subJects as:
(1) national accounts; (2) monetary and financial matters; and (3) foreign
-traded The Chairman suggested that t;~,e subcommittee's scope might be
defined as covering all substantive problems who,-;' solution requires the
application of fairly acvanced analytic tools xtd techniques of economic
theory such as input-output analysis, national income accounting, the
construction of index numbers, price End cost theory, and the like, He
questioned whether the ersone best qualified for such a committee would
also have the specialized background required in the fields of foreign
trade and international finance, which might, more appropriately be the
province of a different subcommittee. This diseus3ion will be continued
at the next meeting.
PAROPOS~AL FOR EXCHANGE OF INFORMATION ON THE ACTIVITIES OF REPRESENTATIVES
15. Action: D;.scussion on this agenda item was postponed until
the next m4 el CIA is to prepare a docume:-t setting forth its proposal
for distribution to ?ambers prior to the next meeting,
25X1A9a
Executive Secretary
Economic IntelliF,ence Comm3,ttee
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