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CHECK SM 124 folder for USC report Memo for HAK From: Hormats Feb 10, 1972 S #413 Relax of Restrictions on Trade with PRC In response to Pres decisions attached is DM communicating decisions to bureaucracy and proposed press release. Recom: Sign DM and approve pr. ******* Memo to Pres From: USC Ch. rwin USC-U/DM 60D Jan 13, 72 S #412 USC Report on initial steps toward augmenttation of travel and trade to PRC No Фру in folder. Green sheet. Memo for Ted Eliot From: Haig Feb 11, 1972 S/Sensitive/EO Encloses draft press release with Q&As prepared for Monday's announcement. Please give us your comments to include any recoms for modification. Note to HAK from Haig I wonder if we shouldn't tell Rogers, VP, Connoly, Laird and Peterson before releasing. Reproduced at the Richard Nixon Presidential Library DECLASSIFIED This document has been reviewed pursuant to Executive Order 13526 and has been determined to be declassified NSDM 155 February 17, 1972 HAK S Relaxation of Restrictions on Trade with People's Republic of China SecState SecTreas SecDef SecComm CC: AttyGen DCI Pres has considered report of USC re trade and travel relations between US and PRC and has made following decisbns: 1. SecComm should transfer PRC from Country Group Z of Commodity Control List to Country Group Y. 2. SecTreas should eliminate Foreign Assets Control requirement that subsidiaries of US firms in COCOM countries obtain Treasury license in addition to host country license for export of strategic goods to PRC, and requirement that subsidiaries of US forms abroad obtain prior Treasury licensing for export of foreign technology to PRC. Additional recoms in USC report under XXXX consideration. Reproduced at the Richard Nixon Presidential Library DECLASSIFIED This document has been reviewed pursuant to Executive Order 13526 and has been determined to be declassified

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    "ocrText": "CHECK SM 124 folder for USC report\nMemo for HAK\nFrom: Hormats\nFeb 10, 1972\nS\n#413\nRelax of Restrictions on Trade with PRC\nIn response to Pres decisions attached is DM communicating decisions to\nbureaucracy and proposed press release.\nRecom: Sign DM and approve pr.\n*******\nMemo to Pres\nFrom: USC Ch. rwin\nUSC-U/DM 60D\nJan 13, 72\nS\n#412\nUSC Report on initial steps toward augmenttation of travel and trade to PRC\nNo Фру in folder. Green sheet.\nMemo for Ted Eliot\nFrom: Haig\nFeb 11, 1972\nS/Sensitive/EO\nEncloses draft press release with Q&As prepared for Monday's announcement.\nPlease give us your comments to include any recoms for modification.\nNote to HAK from Haig\nI wonder if we shouldn't tell Rogers, VP, Connoly, Laird and Peterson before\nreleasing.\nReproduced at the Richard Nixon Presidential Library DECLASSIFIED\nThis document has been reviewed pursuant to Executive Order 13526 and has been determined to be declassified\nNSDM 155\nFebruary 17, 1972\nHAK\nS\nRelaxation of Restrictions on Trade with People's Republic of China\nSecState\nSecTreas\nSecDef\nSecComm\nCC: AttyGen\nDCI\nPres has considered report of USC re trade and travel relations between\nUS and PRC and has made following decisbns:\n1. SecComm should transfer PRC from Country Group Z of Commodity Control\nList to Country Group Y.\n2. SecTreas should eliminate Foreign Assets Control requirement\nthat subsidiaries of US firms in COCOM countries obtain Treasury license\nin addition to host country license for export of strategic goods to\nPRC, and requirement that subsidiaries of US forms abroad obtain\nprior Treasury licensing for export of foreign technology to PRC.\nAdditional recoms in USC report under XXXX consideration.\nReproduced at the Richard Nixon Presidential Library DECLASSIFIED\nThis document has been reviewed pursuant to Executive Order 13526 and has been determined to be declassified"
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