Memorandum by the Secretary of State to the Executive Secretary of the National Security Council (Lay)1
- The National Security Interest in Successful Trade Agreement Negotiations with Venezuela
There is transmitted herewith for circulation to the National Security Council, with the request that it be scheduled for consideration at the Council’s meeting on Wednesday, March 5, 1952, a memorandum relating to the national security element in current trade-agreement negotiations with Venezuela.
The question as to the tariff concession on petroleum which should be offered by the United States in current trade agreement negotiations with Venezuela is now being considered by the interdepartmental Trade Agreements, Committee, which will make its recommendations directly to the President. Members of the Committee feel, however, that an important factor to be weighed by the President in making his decision is the extent to which the United States has a national security interest in Venezuelan petroleum, and that this national security element is a matter on which the President may wish advice from the National Security Council.
Accordingly the attached memorandum for consideration by the Council relates solely to the importance of the national security element as a factor to be weighed by the President in making his decision with respect to the tariff concession on petroleum and does not request consideration or approval by the Council as to what that concession should be in the light of all the factors involved.
- Forwarded to the National Security Council for consideration at its meeting on Mar. 5, 1952, under cover of a memorandum by Mr. Lay, dated Feb. 29, 1952, not printed.↩
- No drafting information appears on the source text; presumably drafted by Chairman of the Interdepartmental Committee on Trade Agreements Carl D. Corse.↩
- Crude petroleum, topped crude, residual fuel oil and distillate fuel oil. In general, United States tariff rates apply equally to imports from all foreign sources except countries under Soviet domination. [Footnote in the source text.]↩
- A quantity equal to 5% of crude petroleum processed in refineries in the continental United States in the preceding calendar year. [Footnote in the source text.]↩
- NSC 97/2, entitled “A National Petroleum Program,” was approved by President Truman on Dec. 13, 1951; for text, see Foreign Relations, 1951, vol. i, p. 978.↩
- Assuming the loss of Middle Eastern and Southeastern Asian oil. [Footnote in the source text.]↩
- The NSC at its 113th meeting on Mar. 5, 1952, adopted the recommendation in paragraph 7 and subsequently submitted it to the President for consideration. (NSC Action No. 616)↩