34. National Security Study Memorandum 911
- The Secretary of State
- The Secretary of Defense
- The Secretary of the Treasury
- The Secretary of Agriculture
- The Secretary of Commerce
- The Director, Central Intelligence Agency
- The Director, Bureau of the Budget
- The Chairman, Council of Economic Advisers
- The Special Representative for Trade Negotiations
- EC Preferential Trade Arrangements
The President has directed that the NSSM 792 study be broadened to cover the preferential trading arrangements proposed by the European Community with countries not applying for full membership, including Spain, on which he has decided to reconsider the decision conveyed in NSDM 45.3 (NSDM 45 remains in force until amended.)
This part of the study should consider the political and economic effects on the United States of each arrangement individually, and all of them collectively. It should be submitted by April 10, the revised due date for the over-all NSSM 79 study. The paper should cover the same aspects of each arrangement cited in NSSM 79 but, to make it possible [Page 122]to meet the April 10 deadline, the studies of these arrangements need not be nearly as detailed as those under preparation on the accession of the United Kingdom and other applicants for full membership.
The paper should make recommendations concerning the U.S. position on each of the proposed preferential arrangements, taking fully into account their over-all foreign policy implications as well as their economic effects on the United States.