SINO-SOVIET BLOC ECONOMIC ACTIVITIES IN UNDERDEVELOPED AREAS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP92B01090R000700010021-7
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 6
• Document Creation Date: December 16, 2016
• Document Release Date: August 10, 2005
• Sequence Number: 21
• Publication Date: November 26, 1956
• Content Type: REPORT

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Copy M 368
SECRET
BIWEEKLY REPORT
SINO - SOVIET BLOC
ECONOMIC ACTIVITIES
IN UNDERDEVELOPED AREAS
EIC-WGR-1 /21
26 November 1956
PREPARED BY THE WORKING GROUP
ON SINO-SOVIET BLOC ECONOMIC ACTIVITIES
IN UNDERDEVELOPED AREAS
ECONOMIC INTELLIGENCE COMMITTEE
SECRET
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THIS MATERIAL CONTAINS INFORMATION AFFECT-
ING THE NATIONAL DEFENSE OF THE UNITED STATES
WITHIN THE MEANING OF THE ESPIONAGE LAWS,
TITLE 18, USC, SECTIONS 793 AND 794, THE TRANSMIS-
SION OR REVELATION OF WHICH IN ANY MANNER TO
AN UNAUTHORIZED PERSON IS PROHIBITED BY LAW.
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S-E-C-R-E--T
SINO-SOVIET BLOC ECONOMIC ACTIVITIES
IN UNDERDEVELOPED AREAS
Summary of Events, 6-19 November 1956.
The most significant features of the Sino-Soviet Bloc effort to
expand economic relations with the Free World during the period
6-19 November 1956 were the acceptance by India of a long-term
credit for US $126 million from the USSR; a report that Italy is cony
sidering a Soviet oil-Sicilian sulfur trade; and the cancellation of
Soviet shipments of oil to Israel, a move designed to impress the
Arab countries.
Other significant features of the Sino-Soviet Bloc economic drive
include the following:
1. A sharply increased effort to enlarge economic relations
with Japan distinguished by statements of a Soviet desire for Japanese
industrial products, by the success of a Japanese trade fair held in
Peiping, and by the signing of an agreement to export Japanese fer-
tilizer to Communist China.
2. The arrival in Burma of'a Soviet economic inis.sion to
discuss the development and construction of agricultural and industrial
projects.
3. Increased activities in the Middle East including Bloc
participation in the International Trade Fair in Tunis, the signing of
a contract by Bulgaria to build grain elevators in Syria, and a Soviet
offer of a $200-million credit to Turkey. All previous similar offers
have been rejected by Turkey.
4. A successful industrial exposition in Montevideo aiding
the attempt by Czechoslovakia to increase trade in Uruguay. Another
Latin American country, Paraguay, has indicated a desire to sever
its present limited trade ties with the Bloc.
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S-E-C-R-E-T
CONTENTS
Page
1. Acceptance of Large Soviet Loan . . . .
2. East German Report on the Establishment
of a Raw Film Factory in India
B. Czechoslovak Assistance to Ceylonese Mineral
Development . . . . . . . . . . . . .
A. Japan . . . .
1. Reported Sino-Soviet Desire to Advance
Economic Relations with Japan . . . . .
2. Japanese Trade Fair in Communist
China . . . . . . . . . . . . . . . . .
3. Agreement for Export of Japanese
Chemical Fertilizers to Communist
China . . . . . . . . . . . .
B. Indonesia . . . . . . . . . . . . . . . . . 6
1. Renewal of Trade Agreement Between
Indonesia and Communist China . . . . .
2. Servicing of Czechoslovak' Equipment
in Indonesia ? . . . . . . . , . .
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Page
A. Cancellation of Israeli-Soviet Petroleum
Agreement . . . . . . . . . . . . . . . . 9
B. Construction of Grain Elevators in Syria
by Bulgaria . . . . . . . . . . . . . . . . 10
C. Soviet Bloc Participation in Trade Fair
in Tunisia . . . . . . . . . . . . . . . . 10
D. Chinese Communist Offers of Aid to Egypt . . . 11
E. Reported Soviet Offer of Large Credit
to Turkey . . . . . . . . . . . . . . . . . 11
A. Czechoslovak Trade Agreement Overtures
in Uruguay . . . . . . . . . . . . . . . . 11
B. Paraguayan-Soviet Bloc Economic Relations . . 12
V. Western Europe (Italy) . . . . . . . . . . . . . 13
- iii -
S-E-C-R-E-T
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