Foreign Relations of the United States, 1958–1960, Volume V, Microfiche Supplement, American Republics

EC–6. Telegram from the Ambassador in Ecuador (Ravndal) to the Department of State¹

Quito, May 10, 1958

616. Minister Economics² presented Vice President Nixon memo³ requesting:

1. Elimination requirement that American firms get first priority PL 480 funds thus releasing more money Ecuadorean enterprises;

That all measures possible be taken assure success Santo Domingo colonization project;

3. Rapid processing of Ecuadorean requests to development loan fund for one million dollars agricultural loan, one million dollars small business loan, one million dollars silo construction and 1.75 million dollars freezing plants in Guayaquil and Loja;

4. Consideration by U.S. of reduction duties on unbleached Panama hats;

5. That EXIM Bank loans be repayable in local currency and that such loans be for longer period;

6. That U.S. technical assistance be planned for a longer period than one year and that scholarship grants also be for a sufficient length of time;

7. A loan of three million dollars from president’s emergency fund for the 1959 Inter-American conference;

8. Signature of double taxation agreement between U.S. and Ecuador (Minister also stated desire institute active policy attract foreign capital including parity treatment with Ecuadorean capital).

9. Only complaint was occasional U.S. competition with small countries giving example that U.S. sold rice to Peru under commodity credit corporation and PL 480 thus taking away Ecuador chance to sell rice.

Ravndal

1. Source: Department of State, Central Files, 033.1100–NI/5–1058. Priority.
2. Federico Intriago Arrata.
3. Text enclosed with despatch 748 from Quito, May 20, 1958. (033.1100–NI/5–2058)