Word: trades
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Dates: during 1950-1959
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Rehabilitating commercial relations between this country and the Soviet bloc is made difficult primarily by three factors: American export controls, Soviet purchase demands, and reticence on the part of U.S. business interests. A glance at the statistics illustrates how these conditions have decreased U.S.-Soviet trade...
...Trade Barriers...
...addition to U.S. export controls and Soviet purchase demands, the reticence of American business plays a significant part in keeping U.S.-Soviet trade negligible. This reluctance results partly from public opinion, from lack of commercial representatives here and abroad, from the generally recognized instability and undependability of trading with the Soviet bloc, and from an unencouraging government attitude...
...question then arises, how can increased U.S.-Soviet trade be accomplished? Barriers to such commerce will, obviously, have to be lowered. The U.S. Government should loosen its classification of "strategic" goods, and limit that category to those materials which are clearly and in the short-run directly applicable to Soviet military uses. In addition, the U.S. will have to specify that in order to receive the newly-released materials, the Kremlin will also have to accept consumer goods, and those in excess of other commodities. Some ratio can be created relating the amount of newly-released capital or raw goods...
...long run, such a policy would prove far more useful than dangerous. It would improve world relations more than summit meetings and Martinis. Extended East-West trade would invigorate economies of our allies, and would also ease the pressure on "neutral" countries. It would alleviate much tension and discourage hasty or precipitous action by either side. Coexistence seems here to stay. Resuming a freer flow of East-West commerce would greatly improve the condition of the de facto situation that the world appears destined to accept for an inestimable length of time...