CALENDAR OF ECONOMIC EVENTS MAY-JULY 1974

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85T00875R001500130005-3
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 17
• Document Creation Date: November 11, 2016
• Document Release Date: April 9, 1999
• Sequence Number: 5
• Publication Date: May 1, 1974
• Content Type: REPORT

CfONF L vrr* v l lLU~'r4F[ - `CI~LENVAt~ Of E,CQNOhI I C EVENTS
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Ap"Wr Rem se "j/2YCIAf0~7\5Ei061500T30005-3
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Confidential
No Foreign Dissein
Calendar of Economic Events
May July 1974
Confidential
ER CEE 74.5
AGENCY copy 1,~0.
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NATIONAL SECURITY INFORMATION
Unauthorized Disclosure Subject to Criminal Sanctions
Classified by 015319
Exempt from general declassification schedule
of E.O. 11652, exemption category:
? 50 (1), (2), and (3)
Automatically declassified on:
Date Impossible to Determine
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Chronological Sequence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I
Economic Events, by Area of Interest
International Monetary Negotiations . . . . . . . . . . . . . . . . . . . . . . . . 5
International Trade Negotiations . . . . . . . . . . . . . . . . . . . . . . . . . 5
International Energy and Commodity Situation . . . . . . . . . . . . . . . . . . . 5
Other Multilateral Conferences . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Western Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Western Hemisphere . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Middle East and Africa . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Non-Communist Asia and Pacific . . . . . . . . . . . . . . . . . . . . . . . . 10
China . . . . . . .
USSR and Eastern Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
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No Frrrri/.n I)issrrn
Date Event
25X1A
May
24 Apr-3 May UN Meeting of Western Nations on the Law of the Se,i (Paris)
28 Apr-2 May West Germany-Iranian Investors Conference (Persepolis, Iran)
28 Apr-3 May India Premier Mrs. Gandhi to visit Iran
29 Apr-3 May OECD Economic Policy Committee Working Party 3 Meeting (Paris)
Early Argentina's Economic Minister Jose Gelbard to visit Moscow and Warsaw
2-3 Energy Coordinating Group Meeting (Brussels)
3 Bulgarian Transportation Minister Tasnov to visit US
4 Soviet exhibition on environmental protection opens at Expo-74 World Trade
Fair (Spokane, Washington)
4.5 Intergovernmental Council of Copper Exporting Countries (CIPEC) Meeting
(Innsbruck, Austria)
5 May-7 Jul Argentine trade delegation will visit the USSR, Poland, Czechoslovakia, Cuba.
Trinidad-Tobago, Jamaica, and Peru
Board Chairman of Tokyo Gas Company, Hiroshi Anzai, departs for the
United States for talks with Casey of US Ex-Im Bank on Yakutsk natural
gas project
6-7 OECD Trade Committee Working Party Meeting (Paris)
6-8 OECD lnvisibl.,s Committee Meeting (Paris)
6-10 UNCTAD Experts Group on LDC Debt Problems Meeting (Geneva)
* See page 5 for a i`,mctional and geographic breakdown and statement of' US policy interest.
Events in bold face in the chronological sequence are considered to be of special interest. This
quarterly calendar is updated and issued on a monthly basis.
Note: Comments and queries regarding this publication are welcomed. They nay be directed
to of the Office of Economic Research, Code 143. Extension 3021.
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May
(('ontinued)
7 EC Foreign Ministers Meeting (Brussels)
(Amsterdam)
7-is Inter-Governmental Group on Indonesia (IGGI) Meeting on aid retluiremenk
Adviser to I'rimc Minister Wilson
IMF Committee of Twenty Deputies Meeting (Paris)
S Visit to the United States by Harold Lever, Special l:cunuinic and Fin:utcdad
Agreement
I 5 May Antbassatlur-at-Loge Kennedy will lead misiun to South Korea
1?-17 (JN('TAD Meeting on Aid Targets (Geneva)
I ? I UN ECE Committee on the Development of Trade (Geneva)
I? I S Group of US experts will visit the USSR under US-USSR Scientific Technical
(Washington)
13 May-2 Jun Second Meeting of Joint Working Group on Agricultural Economic Research
and Information under US-USSR Agricultural Co-operation Agreement
15 Apr-I5 May Spring Canton Trade Fair
Nlid-muntli Sri Lanka Aid Consortium Meeting (Paris)
I~) Jordan's Crown Prince Hassan to visit the United States (tentative)
I~t ~I GATT Trade Negotiations Committee -- Working Group on Nun-Tariff
Barriers Meeting (Geneva)
20 May Third US-Japan Ministerial Conference on Environmental Pollution
meeting (Paris)
10-21 OECD Ad Hoc Group on Apportionment of Oil Supplies in an emergency
'0-22 OECD Trade Committee Meeting (Paris)
21 May Japans Foreign Minister Ohira to visit New York (tentative)
'1-22 Fourth Meeting of LIS-USSR Joint Commercial Conmtdssion (Washington)
2
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May
(Continued)
22-24 OECD Ad Hoc Group on Accelerated Development of Conventional Energy
Sources Meeting (Paris)
27 OECD Ad Hoc Working Party on Multinational Corporation Capital
Movements Meeting (Paris)
27-28 OECD Economic Policy Committee Working Party 4 Meeting (Paris)
27-28 OECD Ad Hoc Working Group on Energy Conservation and Demand
Restraint Meeting (Paris)
27-31 Latin American Energy Ministers Meeting (Buenc; Aires)
29-30 OECD Ministerial Council Meeting (Paris)
Late May-Jun GAT; Trade Negotiations Committee (Geneva)
Late Visit to USSR by European Parliament President Cornelis Berkhouwer
Date not set IBRD-ADP-sponsored Consultative Meeting on Postwar Aid to Indochina
(Paris)
June
I OAPEC Meeting (Cairo)
3-4 Sixth US-South Korea Interministerial Meeting
4 Yugoslavia President Josip Tito visit to West Germany
4-5 Meeting of Council of Ministers of the African Group for negotiations with
the EC (Dakar, Senegal)
4-8 UN FAO World Food Conference Preparatory Meeting (Geneva)
6.8 First World Symposium on Energy Sources and Other F;imarv Commodities
(Paris)
10-28 UNCTAD Working Group Meeting on States' Economic Rights and Duties
(Mexico City)
12-13 IMF Committee of Twenty Ministers Meeting (Washington)
12-15 Eleventh Organization of African Unity Summit Conference (Mogodiscio)
3
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June
(Continued)
14 Tunisian President Bourguiba to visit PRC
15 OPEC Minister's Conference (Quito)
15 Jun-7 Jul Visit of 3 USDA representatives to the USSR under US-USSR Agricultural
Co-operation Agreement
Mid-month Sixth Meeting of Mixed Non-Governmental Soviet-Japanese Economic
Commission
Mid-month EC Permanent Representatives Committee Meeting (Brussels)
19-25 Islamic Foreign Ministers Conference (Kuala Lumpur)
20
UN Conference on Law of the Sea (Caracas)
23-28 Moscow Conference on Scientific-Technical Cooperation, sponsored by
Stanford Research Institute
24-25 OECD Economic Policy Committee Meeting (Paris)
24-28 UN ECE Coal Committee Group of Experts Meeting (Geneva)
25-28 GATT Trade Negotiations Committee Working Group on Non-Tariff Barriers
(NTBs)
Dzte not set US-Thailand Economic Discussions (Washington)
Date not set IBRD Consultative Meeting on Thailand (Paris)
Date not set Meeting of Mining Ministers of the Intergovernmental Council of Copper
Exporting Countries (CIPEC), (Lusaka, Zambia)
Date not set Latin America Free Trade Association (LAFTA), (Buenos Aires)
Date not set President Nixon to visit the USSR (tentative)
July
2-5 UN FAO Fertilizer Commission (Rome)
4-5 OECD Committee on Financial Markets (Paris)
4
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ECONOMIC EVENTS, BY AREA OF INTEfLST
Date Event
US Policy Interest
INTERNATI()NS L MONETARY NEGOTIATIONS
IMF Committee of Twenty Deputies
Meeting (Paris)
12-13 IMF Committee of Twenty Ministers
Mect:ng (Washington)
Will discuss guidelines for the man-
agement of currency floats as well as
prepare for June meeting of Min-
isters.
Will complete work on main features
of a reformed international mone-
tary system.
INTERNATIONAL TRADE NEGOTIATIONS
19-31 GATT Trade Negotiations Commit- Will discuss export subsidies and
tee-Worki.?g Group on Non-Tariff countervailing duties.
Barriers Meeting (Geneva)
Late May- GATT Trade Negotiations Commit- Will activate safeguards and sectors
Jun tee (Geneva) working groups.
25-28 GATT Trade Negotiations Commit- Will discuss revision of GATT inven-
tee Working Group on Non-Tariff tory of NTBs and examine possible
Barriers (NTBs) inclusion of NTBs affecting LDCs.
INTERNATIONAL ENERGY AND COMMODITY SITUATION
2-3 Energy Coordinating Group Meeting
Will complete preparations for the
producer-consumer country confer-
ence to be held later this year .
4-5 Intergovernmental Council of Cop- The members (Chile, Peru, Zambia,
per Exporting Countries (CIPEC) and L? 4rc) will discuss plans to con-
Meeting (Innsbruck, Austria) trot the price of copper.
5
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May
(Continued)
OECD Ad Hoc Group on Apportion-
ment of Oil Supplies in an emer-
gency Meeting (Paris)
Will discuss "cations of various
sharing schemes, -upply data collec-
tion and analysis by OECD on a
regular basis, and participation of
non-OECD countries in sharing
schemes.
OECD Ad I-loc Group on Accel-
erated Development of Conven-
tional Energy Sources Meeting
(Paris)
OECD Ad Hoc Working Group on
Energy Conservation and Demand
Restraint Meeting (Paris)
Will review report covering plans for
development of primary energy re-
sources over different time periods
and 'rice ranges, problems in achiev-
ing higher production volumes, and
areas of international c,.ioperation.
Will finalize report on national en-
ergy conservation and demand re-
straints.
OAPEC Meeting (Cairo)
Will discuss reimposition of oil em-
bargo.
UN FAO World Food Conference
Preparatory Meeting (Geneva)
First World Symposium on Energy
Sources and Other Primary Com-
modities (Paris)
OPEC Minister's Conference (Quito)
UN ECE Coal Committee Group of
Experts Meeting (Geneva)
Meeting of Mining Ministers of the
Intergovernmental Council of Cop-
per Exporting Countries (CIPEC),
(Lusaka, Zambia)
Will develop a diaft agenda as back-
ground for the November Confer-
ence.
Sponsored by the French govern-
ment, the symposium will study and
propose medium-term adjustments
to rising commodity prices.
Will discuss long-term price for crude
oil and the creation of a develop-
ment bank.
Will discuss productivity and man-
agement problems in the coal indus-
try as well as utilization and prepara-
tion of solid fuels.
Copper pricing will probably be a
major topic of discussion for these
ministers from the CIPEC countries
(Chile, Peru. Zambia, and Zaire).
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US Policy Interest
July
UN FAO Fertilizer Commission
(Rome)
Will discuss ways to case world
fertilizer shortage.
OTHER MULTILATERAL CONFERENCES
May
29 Apr-3 May
29 Apr-3 May
6-7
OECD Economic Policy Committee
Wcrking Party 3 Meeting (Paris)
UN Meeting of Western Nations on
the Law of the Sea (Paris)
OECD Trade Committee Working
Party Meeting (Paris)
Wili discuss outlook for commodity
prices.
To coordinate efforts to eliminate
marine pollution.
Will examine safeguard clauses and
export controls.
OECD Invisibles Committee Meeting
(Paris)
UNCTAD Experts Group on LDC
Debt Problems Meeting (Geneva)
UNCTAD Meeting on Aid Targets
(Geneva)
UN ECE Conunittce on the Develop.
ment of Trade (Geneva)
OECD Trade Committee Meeting
(Paris)
OECD Ad Hoc Working Party on
Multinational Corporations Capital
Movements Meeting (Paris)
Will discuss recent removal of US
constraints on outward direct for-
eign investment; will also consider
proposals for streamlining commit-
tee procedures.
Will discuss domestic and interna-
tional measures to help avoid debt
problems and remedial measures
which can be taken when debt prob-
terns arise.
The United States is invited to
attend the meeting on the evaluation
of present aid levels and establish-
ment of targets for capital flows to
the LDCs.
Will conduct a seminar on East-West
trade promotion.
Will examine Australia's foreign
trade and trade policies.
Will consider role of multinational
enterprises in short-term capital
movements.
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May
(Continued)
US Policy Interest
27-28 OECD Economic Policy Committee Will discuss improvement and inter-
Working Party 4 Meeting (Paris) national comparability of price sta-
tistics.
29-30 OECD Ministerial Council Meeting Will discuss general economic poli-
(Paris) cies with special attention to de-
mand management and balance-of-
payments policies, development co-
operation, and energy policies.
10-28 UNCTAD Working Group Meeting The United States is to participate in
on States' Economic Rights and the session, which will consider the
Duties (Mexico City) limits of sovereignty in pursuing
economic relations among states.
UN Conference on Law of the Sea Will deal with the full range of policy
(Caracas) issues, including deep seabed min-
erals resources, fisheries, navigation,
marine pollution, and marine scien-
tific research.
24-25 OECD Economic Policy C^?:imittee Will discuss policies to counter rising
Meeting (Paris) commodity prices in member coun-
tries. Will also examine sub-groups'
reports on short-term forecasts as
wei. as work on comparability of
price statistics.
July
4-5 OECD Committee on Financial Mar- Will discuss the impact of oil price
kets (Paris) rises on international financial mar-
kets, interest rate developments, and
structural develur ments of financial
institutions.
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US Policy Interest
7 EC Foreign Ministers Meeting (Brus- Agenda will include latest EC re-
sels) gional fund proposal, discussion of
US/EC relations, EC/Arab dialogue,
and UK proposal to renegotiate
terms of the EC accession treaty.
Visit to the United States by Harold Unofficial visit to renew contacts
Lever, Special Economic and Finan- with the economic and financial
cial Adviser to Prime Minister Wilson community.
20-21 US-EC Consultations (Brussels) Deputy Secretary Rush will attempt
to harmonize US-EC economic and
political consultations.
4 Yugoslavia President Josip Tito to Will discuss German-Yugoslav rela-
visit West Germany tions.
Mid-month EC Permanent Representatives Com- Will discuss shipbuilding sector prob-
mittee Meeting (Brussels) Ion-is, community industrial develop-
ment contracts, and the establish-
ment of common enterprises in the
EC.
May
Early Argentina's Economic Minister Jose To discuss Soviet involvement in
Gelbard to visit Moscow and Warsaw Argentina's development plans and
signing of a $100 inil!ion credit
agreement with Poland.
5 May-7 Jul Argentine trade delegation to visit To discuss trade expansion, particu-
the USSR, Poland, Czechoslovakia, larly with the Caribbean area, and
Cuba, Trinidad-Tobago, Jamaica, formation of joint ventures with the
and Peru Communist countries.
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May
(Continued)
27-31 Latin American Energy Ministers
Meeting (Buenos Aires)
Date not set Latin America Free Trade Associa-
tion (LAFTA) (Buenos Aires)
US Policy Interest
To discuss distribution and develop-
ment of energy resources in Latin
America.
To discuss a proposal for the crea-
tion of an "Atlantic Bloc" consisting
of Argentina, Brazil, Paraguay, Uru-
guay, and Mexico.
May
28 Apr-2 May West German-Iranian Investors Con-
ference (F :rsepolis, Iran)
19
visit the United States (tentative)
Meeting of Council Ministers of the
African Group for negotiations with
the EC (Dakar, Senegal)
12.15 Eleventh Organization of African
Unity Summit Conference (Mogo-
discio)
14 Tunisian President Bourguiba to visit
the PRC
West German industrialists will nego-
tiate new project agreements with
Iranian officials.
To discuss US aid with government
officials and US investment oppor-
tunities with private firms.
To review progress in negotiations
and discuss new agreements with the
EC on trade preferences and aid.
Agenda not yet known.
Discussions probably will cover the
so far unused $36 million of Chinese
aid extended in 1972.
NON-COMMUNIST ASIA AND PACIFIC
28 Apr-3 May India's Premier Gandhi to visit Iran
Discussions on economic aid to India
and probably also on possibility of
establishing a South Asian common
market.
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US Policy Interest
The US, a major donor, may sharply
reduce its aid commitment in re-
sponse to Indonesia's improved fi-
nancial position.
Will di. cuss expansion of investment
and trade between the two coun-
tries.
The United States is to participate in
discussions of Colombo's aid re-
quirements.
Will discuss future trends in environ-
mental policy, environmental prob-
lems relating to energy sources and
use, and marine pollution control
strategy.
Will speak at the annual dinner of the
Japan Society.
Attempt to create a multinational
framework for aid to countries of
Indochina; could help reduce large
US aid burden to the area.
Topics will include aid to less de-
veloped Muslim nations and oil/en-
ergy problems.
Discussions with representatives of
new Thai government on problems
of mutual trade and supply and the
large US military presence in Thai-
land may also be discussed.
Annual meeting to discuss the Thai
economic situation.
Inter-Governmental Group on Indo-
nesia (IGGI) meeting on aid require-
ments
Ambassador-at-large Kennedy will
lead mission to South Korea
Sri Lanka Aid Consortium Mceting
(Paris)
Third US-Japan Ministerial Confer-
ence on Environmental Pollution
Japan's Foreign Minister Ohira to
visit New York (tentative)
IBRD-ADB-sponsored Consultative
Meeting on Postwar Aid to Indo-
china (Paris)
Sixth US-South Korea Intermin-
istcrial Meeting
Islamic Foreign Ministers Confer-
ence (Kuala Lumpur)
US-Thailand Economic Discussions
(Washington)
IBRD Consultative Meeting on Thai-
land (Paris)
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15 Apr-15 May Spring Canton Trade Fair
Important in the dcvelt pment of
US-PRC trade.
3 Bulgarian Transportation Minister
Tsanov to visit US
Soviet exhibition on environmental
protection opens at Expo-74 World
Trade Fair (Spokane, Washington)
Board Chairman of Tokyo Gas Com-
pany, Hiroshi Anzai, departs for US
for talks with Casey of US Ex-Im
Bank on Yakutsk natural gas project
Group of US experts will visit USSR
under US-USSR Scientific Technical
Agreement
13 May-2 Jun Second Meeting of Joint Working
Group on Agricultural Economic
Research and Information under
US-USSR Agricultural Co-operation
Agreement (Washington)
Fourth Meeting of US-USSR Joint
Commercial Commission (Wash-
ington)
Late Visit to USSR by European Parlia-
ment President Cornelis Berkhouwer
Will look at US transportation tech-
nology in unofficial visit.
Only the second time that the USSR
will have participated in a world
trade fair in the United States.
Discussions on possible US and Japa-
nese participation in the project, to
be followed by talks with private US
bankers and Soviet Deputy Minister
of Foreign Trade Alkhin ov.
Will discuss planning and adminis-
tration of R&D in the USSR.
Will exchange information on cur-
rent situation and outlook for agri-
culture in the United States and the
USSR.
Soviet Minister of Foreign Trade
Patolichev will attend. These discus-
sions on US Soviet trade, financing
of trade, trade promotion, and pros-
pects for a long-term agreement on
economic, industrial, and technical
cooperation.
Will discuss leading economic and
political issues.
12
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Event (iS Policy Irderest
Mid-month Sixth Meeting of Mixed Non. Will probably formalize Moscow-
Governmental Soviet-Japanese Eco- Tokyo cooperation in developing
nomic Commission Yakutsk coking coal.
15 Jun-7 Jul Visit of 3 USDA. representatives to Will observe winter grain area,
the USSR under US-USSR Agricul-
tural Co-operation Agreement
23-28 Moscow Conference on Scientific- Will discuss "Haw to Do Business
Technical Cocperation, spcr:sored with the USSR." Over 200 major
by Stanford Research Institute Western firms intend to participate.
Date not set President Nixon to Visit the USSR Discussions will include economic
(tenta'iive) issues.
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