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East-West Trade
QUESTION:
Given the improvement made in East-West relations
indicated by the recent Berlin accords, do you
foresee any major increase in East-West trade?
ANSWER:
East-West trade depends on the economic opportunities
which present themselves and on the state of political relations between
trading nations. I do expect that as our relations with the countries
of Eastern Europe improve still further, the amount of trade between
the U.S. and the countries of Eastern Europe will continue to expand.
We have made progress in this regard. In 1970 our exports to Eastern
Europe totaled $353 million as compared with $249 million in 1969.
This upward trend has carried forward into 1971 and I am hopeful that
this progress will continue. (NSC) (HAK)
Oney
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