SINO-SOVIET BLOC ECONOMIC ACTIVITIES IN UNDERDEVELOPED AREAS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP92B01090R000700020014-4
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 5
• Document Creation Date: December 16, 2016
• Document Release Date: August 2, 2005
• Sequence Number: 14
• Publication Date: July 17, 1961
• Content Type: REPORT

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COPY N? 438
SECRET
25X1
BIWEEKLY REPORT
S1NO - SOVIET BLOC
ECONOMIC ACTIVITIES
IN UNDERDEVELOPED AREAS
EIC WGR 1/142
17 July 1961
PREPARED BY THE WORKING GROUP
ON SINO-SOVIET BLOC ECONOMIC ACTIVITIES
IN UNDERDEVELOPED AREAS
25X1
SECRET
Approved For Release 2005/08/22 : CIA-RDP92BO109OR000700020014-4
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Approved For Release 2005/08/22 : CIA-RDP92BO109OR000700020014-4
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Summary of Events
30 June - 13 July 1961
A Chinese Communist economic mission toured Latin America
from March to June, visiting Cuba, Brazil, Chile, and Argentina.
After a fervent reception in Cuba and moderate success in Brazil,
the group received cool treatment in Chile and Argentina -- countries
that a few years ago had shown considerable interest in trade with
China.
New Cuban trade agreements were signed late in June with Rumania
and Bulgaria by the Cuban deputy minister of foreign trade, who has
been touring the Bloc with a delegation since early in March. Trade
with the Bloc is expected to amount to between 65 and 75 percent of
Cuba's total foreign trade in 1961. In 1960, Bloc trade represented
only Z5 percent of the total.
After French military personnel are evacuated from the Bamako,
Mali, airfield in July, the USSR appears to be planning to use the in-
stallation as a central base for the maintenance of Soviet-made aircraft
operating in West Africa.
A joint Somali-Czechoslovak communique issued in Mogadiscio
on 27 June announced that Czechoslovakia had extended a credit of
$4. 2 million to Somalia at a "very low rate of interest. " A Czecho-
slovak offer of military aid apparently was declined by Somalia.
The status of Indonesian negotiations for obtaining military equip-
ment from the USSR is uncertain. Most of the items contracted for by
the Army under the January 1961 agreement reportedly have been
deleted because of the Soviet failure to demonstrate the equipment.
Notwithstanding these difficulties, the Indonesian Air Force announced
on 2 July that delivery had been made of two Soviet Tu-16 medium .jet
bombers and hailed this event as the beginning of a strategic bomber
force. This is the first important delivery under the recent Soviet-
Indonesian military agreements and is also the first known transfer of
Tu-16's outside the USSR.
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Page.
A.
Chinese Communist Trade Group in Latin America .
1
B.
Recent Agreements Between Cuba and the Bloc . . .
2
A.
Soviet Aircraft Maintenance Center in West Africa
2
B.
Extension of Czechoslovak Credit of $4. 2 Million
to_ Somalia . . . . . . . . . . . . . . . .
3
A.
Current Negotiations over Indonesian Arms Pur-
chases . . . . . . . . . . . . . . . . . . .. .
4
B.
Delivery of Soviet Tu-16 Bombers to Indonesia . .
5
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