TRADE PACT REVISION DUE/ECONOMIC CONDITIONS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83-00423R001600700002-5
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: December 14, 2016
• Document Release Date: June 8, 2000
• Sequence Number: 2
• Publication Date: August 1, 1954
• Content Type: REPORT

UL/US O
CGC 'x C n/
e/Econ,oaic Cc nditions
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Appr /08/08: CIA-RDP83-00423R
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1. "Me trade pact with Comunist China which fails due for a price revision
shortly,, poses a prob ea. With the increase in local production of rice
and the availability ot rice at such cheaper prices elsewhere, Ceylon
intends ac t for UUe rice at lower prices fr China, which in turn
may ask for a sizable reduction in rubber prices.
Lately
balam budget and no de fie l, financing are the salient feat a of
Ceylon's budget for l95 55 cto4ber-Sqp ber l . The ie3 d" a economy
is now in a heath er state. The country's external a assets,' w ch had
been falling at, an sting rate, have risen by nearly 84 mi .ion; there
is ftprovement In the terms of trade; and the country's fina cial resources
have been enlarged by foreign loans . Eb
No alterations in taxes, a few changes in aust?ua d
CHID US OFFICLUS ONLY
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Approved For Release 2000/08/08 : CIA-RDP83-00423R001600700002-5