The Secretary of State to the Ambassador in Chile (Bowers)
118. Following conversations regarding which you are being informed by air pouch, a basis has been agreed upon with Gazitua for announcement of trade-agreement negotiations with Chile, possibly in about 3 weeks. It is understood that the proposed basis has been submitted to his Government for consideration.
The basis leaves the exchange control question open for discussion in the light of the Chilean situation at the time of negotiations.