Foreign Relations of the United States, 1961–1963, Volume IX, Foreign Economic Policy

305. Record of Actions Taken at the National Security Council Standing Group Meeting⁰

Washington, January 26, 1962.

[Here follows Item 1 on Iran.]

Item 2—Status of NSC 5704/3, “U.S. Economic Defense Policy,” approved September 16, 1957,¹ and NSC Action No. 2304-b, approved October 5, 1960²

(Mr. Foy D. Kohler, Assistant Secretary of State for European Affairs, was present for this Item.)

(a) Noted that the Secretary of State will initiate a review of the subject policy paper with a view to its possible recision and replacement by a new policy document.

(b) Noted that the Secretary of State will circulate the Presidential decisions taken following a recent meeting on export trade policy with respect to licensing exports to the Soviet Bloc.³

[Here follow Item 3 on Proposal of Communist China to Buy U.S. Wheat, Item 4 on Albania, and Item 5 on Laos.]

0. Source: Department of State,S/S-NSC Files: Lot 70 D 265, NSC Standing Group—January 26, 1962. Secret. No record of the NSC Standing Group meeting has been found.
1. Text in Foreign Relations, 1955–1957, vol. X, pp. 495–498.
2. Text ibid., 1958–1960, vol. IV, pp. 213–214.
3. See footnote 1, Document 306.