IMPLEMENTATION OF THE PRESIDENT'S DECISIONS ON TRADE WITH CHINA

• Document Type: CREST
• Collection: Library of Congress
• Document Number (FOIA) /ESDN (CREST): LOC-HAK-13-5-5-6
• Release Decision: RIFLIM
• Original Classification: S
• Document Page Count: 3
• Document Creation Date: January 11, 2017
• Document Release Date: January 29, 2010
• Sequence Number: 5
• Publication Date: May 3, 1971
• Content Type: MEMO

No Objection to Declassification in Full 2010/01/29: LOC-HAK-13-5-5-6
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INFORMATION
i.ECRET May 3, 1971
MEMORANDUM FOR: DR. KISSING1 R
FROM: C. FRED BERGSTEN
SUBJECT: Implementation of the President's
Decisions on Trade with China
The Under Secretaries Committee had planned, with the concurrence
of the agencies, to have Treasury announce on May 1 the freeing of
the Foreign Assets Control regulations regarding transactions with
China,. Commerce ann Tr nsportation were also planning to announce
on May 7 the regulations on bering, shipping and cargo. These
were all elements of the decision which did not need further referral
to the President. (They are the marked items on the attached Decision
Memorandum.) State is also preparing the final memorandum for the
President on implementation of the decisions on imports and exports,
which do have to be sent here before May 13.
However, on Friday Secretary Connally, who has been out of town,
directed Treasury not to issue the regulations before he returns on
Wednesday, so that he would have a chance to review the release and
sign the annov"acernent.
The lower level Treasury officials do Atot believe that We indicates
any substantive problem. If, however, after Connally returns there
should develop such a problem, we shall have to be prepared to issue
a directive to Treasury. There is no reason to do this if the delay
merely means that Connally wishes to participate.
Clearance: JHoldridge
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No Objection to Declassification in Full 2010/01/29: LOC-HAK-13-5-5-6
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SECRET
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NATIONAL SECURITY COUNCIL
WASHINGTON, D.C. 20506
National Security Decision Memorandum 105
-- Issuance of.a public statement offering to.expedite visas for
groups of visitors from the People's Republic of China to
the U. S.
SUBJECT: Steps Towards Augmentation of Travel and Trade
Between the People's Republic of China and the
United States
The President has reviewed the recommendations forwarded by the
Under Secretaries Committee on steps to increase personal and
commercial contacts between the People's Republic of China and the
United States, and has directed that the following moves be undertaken:
,SG4_ Relaxation of currency control to permit Chinese use of dollars.
bunkers except on Chinese owned or chartered c^.rriers bound
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-- Ending restrictions on American oil companies providing
to or from North Vietnam, North Korea, or Cuba, This
relaxation covers ships as well as planes, but would not affect
our existing controls on entry to PRC carriers into U. S. ports.
-- Granting permission to U. S. vessels to carry Chinese cargoes
between non-Chinese ports, and for U. S. -ovrned foreign flag
vessels to call at Chinese ports.
April 13, 1971
The Secretary of State
The Secretary of Defense
The Director of Central Intelligence
The Attorney General
Commencement of a relaxation of controls on direct tf ade
between the U. S. and China by placing individual items under
general license for direct export to the PRC after item--by--item
interagency review to determine if they are of strategic significance.
The Under Secretaries Committee is to be charged with the
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SECRET
responsibility of determining which items should be placed on
general license, and should forward a report within 30 days
requesting approval of these determinations. Upon the corn--
mencement of these limited direct exports, direct imports from
China of a similar and correlated nature will be allowed.
The President has also directed that the Under Secretaries Committee
review and report to him after a period of four months the results of
the steps taken. The report should include an assessment of the
reactions to these steps by the PRC and the GRC. The President will
then determine whether implementation of. additional steps recommended
by the Under Secretaries Committee may be warranted.
Henry A. is
'Kissinger
cc: Secretary of the Treasury
Secretary of Commerce
Chairman, Joint Chiefs of Staff
Director, United States Information Agency
SECRET
No Objection to Declassification in Full 2010/01/29: LOC-HAK-13-5-5-6