Memorandum of Conversation with Secretary of State Dean Acheson, Willard Thorp, and President of the United States Council of the International Chamber of Commerce George Sloan

4991 DEPARTMENT OF STATE S- M anly Memorandum of Conversation 141 DATE: April 21, 1952 SUBJECT: s ARCHIVES to RECORDS AND 1 PARTICIPANTS: The Secretary Mr. George Sloan, President of the U.S. Council of the International Chamber of Commerce An Assistant to Mr. Sloan willard L. Thorp (E) COPIES TO: S ARA ITP OFD E - Mrs. Morgan 1-1493 Mr. Sloan said that he particularly wished to see the Secretary with reference to the situation in Brasil. The American section of the Interna- tional Chamber of Commerce for some time has felt that it ought to do more to encourage the flow of private investment abroad. It had selected Brazil as a particularly favorable spot and had prepared a rather elaborate report. The nembers were eager to do what they could to demonstrate the feasibility of private investaent. He said that the decree had come as a bombehell and obviously had shattered their plans. However, they were still hoping that it was possible to get a modification which would permit then ence more to feel optimistic concerning investment in Brasil. lie realized that the State Department had not been able to come out strongly on this matter, but hoped that his own public statement hnd been helpful. lis immediate reason for calling was that be had heard that the Secretary was planning to visit Brasil, and he wanted to say that he was hopeful that one of the things which the Secretary could achieve would be to get this whole matter straightened out. He wanted the Secretary to know of the interest of the International Chamber of Commerce. The Secretary described briefly our very real concern with the matter and our hope that it could te corrected. The Secretary said that at this point he was not specifically committed to the trip to Brasil, but that he did hope that it would come off. Mr. Sloan