CALENDAR OF ECONOMIC EVENTS JUNE-AUGUST 1974

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85T00875R001500130006-2
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 14
• Document Creation Date: November 11, 2016
• Document Release Date: April 9, 1999
• Sequence Number: 6
• Publication Date: June 1, 1974
• Content Type: REPORT

i LE DAR OF cLrumuM LC' E r-NT-D
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Confidential
,Vu /?oreigii Ui.e.sei!i
Calendar of Economic Events
June-August 1974
Confidential
ER CEE 74-6
June 1974
R C1
13
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NATIONAL SECURITY INFORMATION
Unauthorized Disclosure Subject to Criminal Sanctions
Classified by 015319
Exempt from general declassification schedule
of E.P. 11652, exemption category:
4 5B(1), (2), and (3)
Autometicolly declassified on:
Date Impossible to Deter nine
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Page
Chronology of Events . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Economic Events, by Area of Interest
International Monetary Negotiations . . . . . . . . . . . . . . . . . . . . . . . . 4
International Trade Negotiations . . . . . . . . . . . . . . . . . . . . . . . . . . 4
International Energy and Commodity Situation . . . . . . . . . . . . . . . . . . . 4
Other Multilateral Conferences . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Western Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Western Hemisphere . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Middle East and Africa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Non-Communist Asia and Pacific . . . . . . . . . . . . . . . . . . . . . . . . . 8
USSR/Eastern Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
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No foreign Di.scoi
CALENDAR OF ECONOMIC EVENTS*
June-August 1974
Date Event
June
28 May-2 Jun Malaysian Prime Minister Razak to visit Peking
Late May-Jun GATT Trade Negotiations Committee (Geneva)
1-2 Organization of Arab Petroleum Exporting Countries (OAPEC) Meeting
(Cairo)
3-4 Sixth US-South Korca Intcrministerial Meeting
4 EC Foreign Ministers Meeting (Brussels)
4 Yugoslavia President Josip Tito to visit West Germany
4-8 UN FAO World Food Conference (WFC) Preparatory Meeting (Geneva)
5-7 EC Commission Vice President Carlo Scarascia-Mugnozza to visit Washington
6-8 First World Symposium on Energy Sources and Other Primary Commodities
(Paris)
9-19 USSR Deputy Minister of Agriculture, Boris Runov, to visit US
10 South Ke-ean Prime Minister Kim Chong Pil to lead delegation to ASEAN
countries
10-1 i OECD Oil Committee (10 June) and OECD High-Level Group (I I June)
Meetings (Paris)
I0-11 OECD Economic Policy Committee -- Working Group on Short-Term
Economic Prospects (Paris)
* See page 4 for a functional and geographic breakdown and statement of US policy interest.
Events in bcld face in the chronological sequence are considered to be of special interest. This
quarterly calendar is updated and issue(! on a monthly basis.
Note: Comments and queries regarding this publication are welcomed. They may be directed
to of the Office of Economic Research, Code 143, Extension 5021.
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June
(Continued)
10-28 UNCTAD Working Group Meeting on States' Economic Rights and Duties
(Mexico City)
11-12 Japanese Finance Minister Fukuda in Washington
12-13 IMF Committee of Twenty Minio-'ters (Washington)
12-13 UN Economic Commission for Europe Steel Committee (Geneva)
12-14 OECD Energy Committee -- Meeting of General Working Party (Paris)
12-14 OECD Restrictive Business Practices Committee (Paris)
12-15 Organization of African Unity (OAU) Summit Conference (Mogadiscio)
14 Tunisian President Bourguiba to visit PRC
15 Organization of Petroleum Exporting Countries (OPEC) Ministerial Meeting
(Quito)
15 Jun-7 Jul Three USDA representatives to visit the USSR under US-USSR Agricultural
Cooperation Agreement
Mid-month EC Permanent Representatives Committee Meeting (Brussels)
Mid-month Sixth Meeting of Mixed Non-Governmental Soviet-Japanese Economic
Commission
17-18 Energy Coordinating Group (Brussels)
18-19 GATT Trade Negotiations Committee Working Group on Non-Tariff Barriers
(Geneva)
19-25 Islamic Foreign Ministers Conference (Kuala Lumpur)
19-26 Inter-Governmental Council of Copper Exporting Countries (CIPEC),
(Lusaka, Zambia)
20-21 OECD DAC Meeting on Private Investment (Paris)
20 Jun-29 Aug UN Conference on Law of Sea (Caracas)
23-28 Moscow Conference on Scientific-Technical Cooperation, sponsored by
Stanford Research Institute
2
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Date
Event
June
(Continued)
24-25
OECD Economic Policy Committee Meeting (Paris)
25-26
OECD Committee on Financial Markets -- Working Party 2 on Admission
of Securities Meeting (Paris)
25-28
GATT Trade Negotiations Committee Working Group on Non-Tariff Barriers
(NTBs)
26-28
UN Economic Commission for Europe Coal Committee (Geneva)
Late
Afghanistan's Deputy Foreign Minister Abdullah to visit India and Bangladesh
after attending Islamic Foreign Ministers Conference in Kuala Lumpur
Date not set
President Nixon to visit the USSR
Date not set
US-Thailand Economic Discussions (Washington)
Date not set
IBRD Consultative Meeting on Thailand (Paris)
Date not set
Saudi Arabian Minister of Interior, Prince Fahd, to visit US
Date not set
July
Iraqi trade delegation to visit Bulgaria
1-6
Latin America Free Trade Association (LAFTA), (Buenos Aires)
4-5
OECD Committee on Financial Markets (Paris)
8
IBRD-ADB-Sponsored Consultative Meeting on Postwar Aid to Indochina
(Paris)
8-9
Energy Coordinating Group
10-12
UN Economic Commission for Europe on Gas (Geneva)
Date not set
OECD Agriculture Committee W,:)rking Party 4 Meeting
Date not set
Latin American Energy Ministers Meeting (Buenos Aires)
Date not set
August
Japan-US Textile Treaty Negotiation
26-28
UN Economic Commission for Europe on Agricultural Problems (Geneva)
3
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IMF Committee of Twenty Ministers
(Washington)
Will complete their work on main
features of a reformed international
monetary system.
Late May-
Jun
GATT Trade Negotiations Com-
mittee (Geneva)
Will activate safeguards and sectors
working groups.
GATT Trade Negotiations Com-
mittee Working Group on Non-
Tzriff Barriers (Geneva)
GATT Trade Negotiations Com-
mittee Working Group on Non-
Tariff Barriers (NTBs)
Will discuss packaging and labeling
problems as well as secretariat study
on the work of other international
organizations.
Will discuss revision of GATT inven-
tory of NTBs and examine possible
inclusion of NTBs affecting LDCs.
UN FAO World Food Conference
(WFC) Preparatory Meeting (Ge-
neva)
To develop draft agenda for the
November WFC.
First World Symposium on Energy
Sources and Other Primary Com-
modities (Paris)
Sponsored by the French envern-
ment, the symposium will study and
propose medium-terra adjustments
to rising commodity prices.
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US Policy Interest
June
(Continued)
OECD Oil Committee (IOJtine)and
OECD High-Level Group (11 June)
Meetings (Paris)
Will consider reports from ad hoc
groups on accelerated development
of conventional energy resources,
energy conservation, demand re-
straints, and oil s!iaring.
UN Economic Commission for
Europe Steel Committee (Geneva)
OECD Energy Committee-Meeting
of General Working Party (Paris)
Organization of Petroleum Ex-
porting Countries (OPEC) Minis-
terial Meeting (Quito)
Energy Coordinating Group (Brus-
sels)
Intergovernmental Counci: of Cop-
per Exporting Countries (CIPEC),
(Lusaka, Zambia)
UN Economic Commission for
Europe Coal Committee (Geneva)
Will discuss energy use in the steel
industry.
Will discuss use of electricity, fiscal
burden of various forms of elec-
tricity, and policies on energy prices.
Will examine increased prices for
crude oil and increased taxes on oil
companies.
Will discuss proposals for an inte-
grated emergency program.
Chile reportedly will raise the ques-
tion of joint minimum prices for
copper to other members: Peru,
Zambia, and Zaire.
To discuss productivity and manage-
ment problems in coal industry.
July
Energy Coordinating Group
Will complete discussions on topics
not fuily covered at June meeting.
UN Economic Commission for
Europe on Gas (Geneva)
OECD Agriculture Committee
Working Party 4 Meeting
Group of experts discussion on the
transportation and storage of gas.
Will discuss beef economy prob-
lems-high feed costs and consumer
resistan,.e to cost covering prices.
August
UN Economic Commission for
Europe on Agricultural Problems
(Geneva)
Group of experts discussion on the
mechanization of agriculture.
5
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US Policy Interest
OECD Economic Policy Com-
mittee-Working Group on Short-
Term Economic Prospects (Paris)
Will discuss short-term forecasts in
member countries.
20 Jun-29 Aug UN Conference on Law of Sea (Cara-
cas)
UNCTAD Working Group Meeting
on States' Economic Rights and
Duties (Mexico City)
OECD Restrictive Business Practices
Committee (Paris)
OECD DAC Meeting on Private In-
vestment (Paris)
OECD Economic Policy Committee
Meeting (Paris)
OECD Committee on Financial Mar-
kets-Working Party 2 on Admission
of Securities Meeting (Paris)
US to participate in the session,
which will consider limits of sover-
eignty in economic relations among
states.
Will discuss interim report of the
multinational enterprises working
party.
Will deal with the full range of
oceans policy issues, including deep
seabed mineral resources. fisheries,
navigation, marine pollution, and
marine scientific research.
Will explore implications for LDCs
of relationship between direct in-
vestment and the current oil situa-
tion.
Will discuss policies to counter rising
commodity prices in member coun-
tries; will also examine sub-groups'
reports on short-term forecasts as
well as work on comparability of
price statistics.
Will discuss worldwide export con-
trols.
July
OECD Committee on Financial Mar-
kets (Paris)
Will discuss the impact of oil price
rises on international financial mar-
kets, interest rate developments, and
structural developments of financial
institutions.
6
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EC Foreign Ministers Meeting (Brus-
sels)
Yugoslavia President Joseph Tito to
visit West Germany
EC Commission Vice President Carlo
Scarascia-Mugnozza to visit Wash-
ington
EC Permanent Representatives Com-
mittee Meeting (Brussels)
Will discuss details of UK renegotia-
tion bid, effect of Italian import
restrictions, and negotiations with
associated states.
Will discuss FF.G-Yugoslav relations.
Will discuss US-EC cooperation, con-
sumer affairs, and environmental
problems.
Will discuss shipbuilding sector prob-
lems, community industrial develop.
ment contracts, and the establish-
ment of common enterprises in the
EC.
July
Latin America Free Trade Associa-
tion (LAFTA), (Buenos Aires)
Latin American Energy Ministers
Meeting (Buenos Aires)
To discuss a proposal for the crea-
tion of an "Atlantic Bloc," con-
sisting of Argentina, Brazil, Para-
guay, Uruguay, and Mexico.
To discuss distribution and develop-
ment of energy resources in Latin
America.
Organization of Arab Petroleum Ex-
porting Countries (OAPEC) Meeting
(Cairo)
To discuss reimposition of oil em-
bargo and joint policy on Arab oil
price.
7
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June
(Continued)
Organization of African Unity
(OAU) Summit Ccnference (Moga-
discio)
Tunisian President Bourguiba to visit
PRC
Saudi Arabian Minister of Interior,
Prince Fahd, to visit US
ira-i trade delegation to visit Bul-
garia
Discussions probably will include
allocation of the so far unused S36
million of Chinese aid extended in
1972.
To discuss with US officials imple-
mentation of US-Saudi economic
and scientific cooperation agree-
ments.
To sign a trade and payments agree-
ment probably fixing the price of
Iraqi oil to be exported to Bulgaria
this year.
Malaysian Prime Minister Razak to
"isit Peking
Sixth US-South Korea Interminis-
terial Meeting
South Korean Prime Minister Kim
Chong Pit to lead delegation to
ASEAN countries
Japanese Finance Minister Fukuda
in Washington
Malaysia is expected to announce
diplomatic relations with the PRC.
Will discuss economic cooperation,
trade, and other topics of mutual
concern.
Will discuss general issues with US
officials and attend the meeting of
the IMF Committee of Twenty
Ministers.
Islamic Foreign Ministers Confer-
ence (Kuala Lumpur)
Topics will include aid to less de-
veloped Muslim nations and oil/en-
ergy problems.
8
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June
(Continued)
Afghanistan's Deputy Foreign Min-
ister Abdullah to visit India and
Bangladesh after attending Islamic
Foreign Ministers Conference in
Kuala Lumpur
US-Thailand Economic Discussions
(Washington)
IBRD Consultative Meeting on Thai-
land (Paris)
US Policy Interest
Will discuss economic, military, and
political matters with India and try
to increase relations with Bangladesh
so as to further isolate Pakistan.
Discussion with representatives of
Thai government on problems of
mutual trade and supply; the large
US military presence in Thailand
may also be discussed.
Annual meeting to discuss the Thai
economic situation.
July
IBRD-ADB-sponsored Consultative
Meeting on Postwar Aid to Indo-
china (Paris)
Attempt to create a multinational
framework for aid to countries of
Indochina; could help reduce large
US aid burden to the area.
Japan-US Textile Treaty negotia-
tions
Existing agreement regulating Japa-
nese textile sales to the US expires in
September.
USSR Deputy Minister of Agricul-
ture, Boris Runov, to visit US
To address banking group in Spo-
kane, visit several agricultural enter-
prises, and meet with Secretary of
Agriculture Butz.
Romanian Minister of Chemical In-
dustries, Mihail Florescu, to visit US
Sixth Meeting of Mixed Non-
Governmental Soviet-Japanese Eco-
nomic Commission
Will meet with Secretary of Com-
merce and Ex-Im officials on Ro-
manian interest in US chemical tech-
nology.
Will probably formalize Moscow-
Tokyo co-operation in developing
Yakutsk coking coal.
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June
(Continued)
15 Jun-7 Jul
Three USDA representatives to visit
Will observe winter grain area.
the USSR under US-USSR Agricul-
tural Cooperation Agreement
23-28
Moscow Conference on Scientific-
Will discuss "How to Do Business
Technical Cooperation, sponsored
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
(tentative)
issues.
10
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