The B-G News May 5, 1967
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Bowling Green State University ScholarWorks@BGSU BG News (Student Newspaper) University Publications 5-5-1967 The B-G News May 5, 1967 Bowling Green State University Follow this and additional works at: https://scholarworks.bgsu.edu/bg-news Recommended Citation Bowling Green State University, "The B-G News May 5, 1967" (1967). BG News (Student Newspaper). 2095. https://scholarworks.bgsu.edu/bg-news/2095 This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License. This Article is brought to you for free and open access by the University Publications at ScholarWorks@BGSU. It has been accepted for inclusion in BG News (Student Newspaper) by an authorized administrator of ScholarWorks@BGSU. The B-G News Serving a Growing University Since 1920 Friday, May 5, 1967 Bowling Green State University, Bowling Green, Ohio Volume 51, No. 103 Experts Discuss East-West Trade U.S.-Russian Trade 'East-West Trade Not Growing'-Haynes Growing'-Trowbridge By JUDY LAKE United States trade with the • By ROSEMARY KOVACS 5) Fighting for more liberal Issue Editor Soviet Union and the Eastern application by the Administration Feature Editor The United States participation European nations was at its highest of existing laws. In East-West trade Is growing level last year in the past two Despite the fact that the United Citing statistics on trade be- significantly, and there is poten- decades, Mr. Trowbridge said, * States Is presently losing out In tween the Soviet Union and Euro- tial for future expansion with a with the single exception of an pean countries, Mr. Haynes pointed The West's Increasing trade with wide range of peaceful products. unusually large volume of wheat the Soviet Union, "the feeling is out that Soviet exports to Japan Acting Secretary of Commerce shipments In 1964. • that the Soviet Union remains fun- rose 107 per cent between 1961 Alexander B. Trowbridge ex- Although U. S. trade with the damentally Interested In expand- and 1966, while Soviet Imports Alexander B. Trowbridge pressed this view attheEast-West Soviet Union and Eastern Europe ing its trading relationships with to the U.S. dropped from $50 Trade Conference yesterday. totaled over $375 million in 1966, the U.S." million In 1961 to $48.8 million Mr. Trowbridge, who, prior to "alongside aggregate U. S. two- * That was the view presented by In 1965. LBJ Praises his current position, was assistant way trade in 1966 of about $55 an expert on Russian and East- The overall picture, however, Secretary of Commerce for Do- billion this is not a very large West Trade, Elliott Haynes, during is not to the Soviet's liking, he BG Conference mestic and International Business, total." yesterday's East-WestTradeCon- asserted. said that the United States Is too Yet United States trade takes Despite the Vietnam war,"They f erence, highlight of International Following is a copy of a big "to be able to afford automatic on different dimensions when con- Fortnight. (the Russians) are unabashed in letter by President Lyndon B. | rejection of any potential avenue sidering two additional factors-- "The current trade situation their desire to acquire everything I Johnson to Alexander B. Trow- of peaceful engagements." trade figures do not Include ex- • between the Soviet Union and the that we have that would add to bridge, acting secretary of the | East-West trade is a "plant of ports by the overseas subsidiaries West •- not Including the U.S. Soviet economic growth and higher I Commerce Department, re- progess and mutual benefit in the or licensees of U. S. firms and -- has been growing at a rapid living standards -- except for our garding the University's East- soil of peaceful engagement be- trade statistics are limited to clip," claimed Mr. Haynes, while political system and capitalize It- commodities. v West Trade Conference: tween the East and West." » "the U.S. share In this trade self," he said. "Bowling Green University Emphasizing that peaceful trade Exports by U. S. subsidiaries (from the period 1961-66) has been "Traditionally, when they buy, Is to be congratualted for its can build a strong bridge between "are reflected in the trade sta- miniscule." they want the best — and the best farsightedness in sponsoring East and West, Mr. Trowbridge tistics of host nations," according The Soviet Union is a nation is often U.S. made," he added. this East - West Trade told of several programs that are to Mr. Trowbridge. * in ferment, he said and faces Another reason why the Rus- Conference." | currently concerned with the East- "Although solid figures are not two alternatives: political and eco- sians are bent on improving their "I am glad that, as a par- West trade situation. available, such trade between nomic reform or a completely trade relations with the U.S., Mr. ticipant,, you will be able to "The first industry-organized, European-based U. S. subsidiaries and licensees and the USSR and , closed dictatorial socletv. Haynes, explained, "Is their con- extend best wishes to Dr. Jer- government - approved United "By its action with regard to cern about Red China." ome along with the business- States trade mission is visiting Eastern Europe appears to be trade with the U.S.S.R., the U.S. Red China lstheU.S.S.R.'s num- men, faculty members and gov- Eastern Europe and the Soviet growing rapidly." can Influence which of these al- ber one threat on earth: the two ernment representatives who Union," Mr. Trowbridge said. In Trade statistics do not Include sales price or other monetary • .ternatlves is actually followed," countries share the longest border are exploring a facet of world addition, a second agricultural and value of technical data or services. he explained. In the world and Red China's affairs which can affect the business trade mission from Cali- expanding population is eyeing ■'Yet such trade constitutes an in- Mr. Haynes later outlined five livelihood of every American." fornia is now preparing to leave (Continued on Page 9) steps that U.S. business could (Continued on Page 9) for Moscow next week. * take to help these conditions and open up opportunities for business. His steps Included: In European East-West Trade 1) Exploration of Joint research development projects with the So- viet Union. 2) Exploration of a form of In- Spaak Stresses Political 'Context' vestment In the Soviet Union, conventions, the majority of which whereby the U.S. firm would fur- By RANDY KETCHAM prising phenomenon are funda- concluding longer-dated commer- Editor mentally political," he said, "be- cial agreements (thedatesof which are not recognized by the East, nish equipment and technology. will have to be elaborated," he 3) Pushing sales by European cause the problem of East-West coincide with the planning perlod. "All the considerations relating commeclal exchanges In Europe of those countries), by a relative said. and Japanese subsidiaries to the He concluded this discussion by Soviet Union. to the economic East-West re- depends on the coexistence with liberalization of Imports coming lations can but be understood If governments which politically, e- from the East, and by a develop- saying, "Better Information, truly 4) Fighting for Congressional and sincerely mutual, could enable they are replaced in the context conomlcally and socially are dif- ment In the nature Itself of ex- actions to reduce barriers to trade us to solve a lot of disagreements," of the political situation which ferent." changes (for example, the West with the Soviet Union, or at stressing the Importance of round least fighting to kill backward prevailed during the last 20 He added that this low level Is exporting more equipment, years," Paul-Henri Spaak,former of trading could also be Justified goods and whole plants than be- table discussion and symposiums moves such as the defeated house Involving Eastern and Western re- Prime Minister and Minister of through economic grounds, point- fore.). bill by Congressman Fino, which presentatives. would have cut off all loans and Foreign Affairs for Belgium, said ing out that especially during the He said that the cooperation a- guarantees by the Export- Import yesterday. hard years of the Cold War period greements concluded between Bank for U.S. exports "to or for He spoke on the subject of "Eu- the two Europas pursued their firms from Eastern and Western the eventual use in or by 12 rope and East-West Trade" as a promotion of foreign trade fol- Europe In the economic, indus- Communist countries, including part of the University's Interna- lowing two completely different trial, scientific and technical fields complete this tendency. the U.S.S.R." tional Fortnight program. patterns. "The most evident demonstra- "From 1953 to 1956, the poli- "The management of industry tion of this fact remains the agree- tical situation having Improved, now meets the politician's will," ment concluded by the Western one attended a certain develop- he said. countries In which they refuse ment of the East - West com- Mr. Spaak said that such agree- to sell to the East a long list of mercial relations," he said. ments give birth to solidarity ties so-called strategical products," However, he added that in 1956, between the decision making cen- he continued. after the Hungarian revolt, the ters from the East and West and Mr. Spaak said that until now situation again deteriorated, and provide hope for a better Internal the level of exchange betweenWes- "we had to wait until 1959 to cohesion of the European economy. tern Europe, including Great Bri- start again easier relations be- He said, however, that those tain, and Eastern Europe Is ex- tween the East and the West In advantages "do not cancel the tremely low.