Word: east-west
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...Western Europeans in the past few years have extended far too much cheap credit to the Soviet bloc. Giersch estimated that if Western companies had been trading on a strictly commercial basis, without credit guarantees and subsidies by governments, there would have been perhaps as much as 30% less East-West business. Carli maintained that Western nations should reconsider all their past generous policies toward trade with the East...
Both as a of businessman Nixon's and East-West Trade Policy Committee, Shultz has been an advocate of maintaining steady commercial relations between the U.S. and the U.S.S.R. In a 1979 article attacking President Carter's restrictions on technology transfers to the Soviet Union, Shultz wrote, "We cannot use trade as a tool designed to alter the domestic politics of other countries." The incoming Secretary also met Soviet President Leonid Brezhnev twice in 1973, to discuss ways to increase trade between the two nations...
...should not forget that in an East-West conflict, its important allies will be the South Americans. The Europeans, with or without missiles, will probably last a few days, while North and South America will be the real fortress for the Western world...
...nation Organization for Economic Cooperation and Development are adopted, the U.S.S.R., Czechoslovakia and East Germany would pay 12¼% to 12½%, depending on the length of the credits, vs. 10½% to 11% currently. That was a very long way from satisfying the U.S., which had campaigned for restrictions on the amount as well as the cost of credit extended to the Soviet bloc. As late as Saturday evening the Europeans were trying to keep all mention of East-West trade out of the final communiqué, to the displeasure of American negotiators. Nonetheless, making the Soviets pay more...
...East-West Relations. I know that there is widespread American hostility, or at least indifference, to the 1975 Helsinki accords [which, among other things, recognized Soviet domination over Eastern Europe]. That is a grave mistake, at least from two points of view. Including the U.S. and Canada in talks among European nations is an asset of enormous value. And in my opinion there is no other way gradually to relax the opposing European blocs and to involve individual Eastern European states in a direct and autonomous dialogue with the West...