East-West Trade

June 17, 1953

Report Outline
Korean armistice and east-west trade
Control of Exports to Communist Nations
Controversies Over Trade with Red China
Foreign Interest in East-West Trade

Korean armistice and east-west trade

One wholesome result of a general settlement between the nations of the free world and the Soviet Union, whether achieved by a Big Four conference or by a step-by-step process of accommodation, would be resumption on an expanding scale of trade between the East and the West. An “honorable armistice in Korea” was the first of the deeds for peace asked by President Eisenhower in his Apr. 16 address on foreign policy. If an honorable armistice is now achieved, the next step will be to undertake negotiation of a basic agreement on Korea, and perhaps other Far Eastern questions, at a political conference scheduled to convene 90 days after the cease-fire.

Whether or not included on the formal agenda of the conference, trade policy toward Red China is virtually certain to be brought up in the course of the parley. What induced the Communists, in the truce negotiations, to make the considerable concession involved in abandonment of their demands for forced repatriation of prisoners of war is not known. But if growing economic stringency resulting from the embargoes that have been applied against mainland China played an influential part, as may have been the ease, it stands to reason that Communist negotiators in the political conference will put up a strong fight for removal or substantial modification of existing restrictions on trade with China.

Inasmuch as the U.N. embargo on shipments of arms and strategic materials was invoked as a direct penalty for Chinese aggression and defiance of the United Nations in Korea, its termination might logically follow cessation of the aggression and conclusion of a Korean settlement. The same could be said of the embargo independently imposed by the United States to the extent that it is a total rather than a limited embargo.

ISSUE TRACKER for Related Reports
U.S.-Soviet Relations
Sep. 14, 1990  The Western Alliance After the Cold War
Feb. 10, 1989  Soviet Trade: In America's Best Interest?
Nov. 01, 1985  U.S.-Soviet Summitry
Jul. 09, 1982  Controlling Scientific Information
May 25, 1973  Trends in U.S.-Soviet Relations
Apr. 05, 1972  Russia's Diplomatic Offensive
Feb. 09, 1972  Trading with Communist Nations
Mar. 10, 1971  Indian Ocean Policy
Apr. 21, 1965  Negotiations with Communists
Nov. 13, 1963  Scientific Cooperation with the Soviet Union
Oct. 03, 1963  Trade with the Communists
Sep. 11, 1963  Non-Aggression Pacts and Surprise Attack
Oct. 11, 1961  East-West Negotiations
Mar. 29, 1961  Russia and United Nations
Aug. 10, 1960  Challenged Monroe Doctrine
Sep. 02, 1959  American-Soviet Trade
Jul. 03, 1959  Cultural Exchanges with Soviet Russia
Aug. 11, 1958  Conference Diplomacy
Jul. 23, 1958  Limited War
May 14, 1958  Cold War Propaganda
Feb. 26, 1958  Military Disengagement
Feb. 20, 1957  Indirect Aggression
Jul. 25, 1956  Trading with Communists
Jan. 11, 1956  Economic Cold War
Nov. 26, 1954  Peaceful Coexistence
Dec. 01, 1953  Tests of Allied Unity
Sep. 18, 1953  Negotiating with the Reds
Jun. 17, 1953  East-West Trade
Apr. 12, 1951  Non-Military Weapons in Cold-War Offensive
Apr. 20, 1949  Mediterranean Pact and Near East Security
Apr. 28, 1948  Trade with Russia
Sep. 11, 1946  Loyalty in Government
Jul. 31, 1946  Arctic Defenses
Apr. 01, 1943  American and British Relations with Russia
Feb. 24, 1933  Soviet-American Political and Trade Relations
Nov. 03, 1931  Russian-American Relations
Feb. 14, 1924  Russian Trade with the United States
BROWSE RELATED TOPICS:
Bilateral and Regional Trade
Export Sanctions and Restrictions
Regional Political Affairs: East Asia and the Pacific