Report for FY 1966 of the EIC Subcommittee on International Trade and Finace

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00283R000200200005-9
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 3
• Document Creation Date: December 9, 2016
• Document Release Date: September 24, 1998
• Sequence Number: 5
• Publication Date: July 28, 1966
• Content Type: PERRPT

Approved For Re
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28 July 1966
M MORANI*JM FOR: Executive Secretary, ETC
SUBJWT: Report for FY 1966 of the SIC Subcommittee on Interna-
tional Trade and Finance
A. Activities of the SubcommitteeDu r1% Fiscal Year 1266
1. Review of the I 1 ence Product in the Subcoimni '
Field 0 Comgpetence
Through its long-established channels of communication,
both formal and informal, Subcommittee members maintain a
continuing critical review of intelligence needs and intel-
ligence research on Sino-Soviet Bloc trade.
2. Research and Collection Deficiencies
The Subcommittee took no action.
3. Priority National- Economic Intelligence.Objectives
The PRSIO's serve as no more than an adjunct to the
complex and comprehensive system through which priority
intelligence objectives in the field of Bloc trade are
identified and pursued.
4. Review of Substantive Papers
The comprehensive annual study of China's trade and
transport in 1964 was published in December 1965 as SIC-
R16-S6.
5. Review of Proposals for External Res
The Subcommittee took no action.
6. maintenance of AA greed Basic Statistics
The CIA/ORR program to code and store basic Soviet
trade data in an I4 system has been continued.
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7? pro eats Undertaken at the Request of the SIC or &Mood
to the EIC
In respons* to SIC request a preliminary analysis of
Communist China's foreign trade in 1965 was published in June
1966 as CIA/RR IM 66-20.
In addition the second In a series of papers on Soviet
f o r e i g n t r a d e e n t i t l e d Soviet Forelsm Trade: Continued
B.l )m vid eb vw a ergrssted by the , was drafted by
CIA in consultation with the State and Commerce members of
the Subcommittee. This paper was published as an ORR
Economic Intelligence Report in December 1965. Also, in
accordance with a request by EIC, a preliminary analysis of
Soviet foreign trade and payments in 1965 was published in
may 1966 as a memorandum entitled Recent Develoents in the
Soviet Forefsn Exchange Position.
In l]4genee Research Techniques
8.
The Subcommittee took no action.
9. Special Coordination -Functions of the Subcommittee
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Nothing to report..
10. Evaluation of the Role of the Subcommittee
Because of the open channels of communication that have
been established among Subcommittee members in past years,
an effective and harmonious system exists for coordinating
intelligence on matters of mutual interest concerning inter-
national trade of the Bino-Soviet group. These channels are
used as needed, with resulting benefits to all the partici-
pating agencies.
F!ure program of the Subcommittee
The Subcommittee plans to maintain its role in discussing,
supporting,, reviewing, and coordinating selected intelligence research
on the foreign trade of Communist Bloc countries.
25X1A9a
Executive Secretary
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SUBCOMMITTEE ON INTERNATIONAL TRADE AND FINANCE
Cha.irma.na Morris H. Crawford State
Executive Secretary. CIA 25X1A9a
Agencies Represented.- State Navy Commerce
DIA CIA FRB
Army NSA Treasury
Meetings: Last meeting, June 1963
-Activities durin FY 1965 and First Half FY 1966
The subcommittee members maintain a continuing critical review of
.intelligence needs and intelligence research on Sino-Soviet Bloc trade.
The CIA /ORR program to code and store basic Soviet trade data in an IBM
system has been continued,
Publications: At the request of the EIC, CIA has published, after pre-pub-
lication review and comment by the Departments of State and Commerce?
two studies on Trends in Soviet Foreign Trade. In December it is planned
to publish an Annex updating the details of commodity trade for 19640
During the first half of FY 1966, the subcommittee coordinated the trade
section of EIC-R16-S6, "International Trade and Transport of Communist
China? 1964" (published annually^.
Evaluation of the Role of the Subcommittee
Because of the open channels of communication that have been established
in past years, an effective and harmonious system exists for coordinating
intelligence on matters of mutual interest. These channels are used as needed
with resulting benefits to all participating agencies.
In trying to assess the particular sorts of activity which the subcommittee
could most usefully undertake in the future, one member has raised the
possibility of holding, under subcommittee auspices, irregular informal
discussions of selected substantive questions among specialists from the
participating agencies.
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