- 1 Agenda
- 1.1 1. The balance of power in the light of recent international developments
- 1.2 2. Trade relations between the U.S.A. and Europe in the light of the negotiations for Britain's entry into the Common Market
- 1.3 3. Trade relations between the Western world and the developing countries (tariffs, quotas, commodity arrangements, etc.)
- 1.3.1 The Importance Of Economic Development In The Less-Developed Countries To The Maintenance Of High Levels Of Economic Activity In The Industrialized Countries
- 1.3.2 How Can Less-Developed Countries Be Assisted To Meet Their Import Requirements?
- 1.3.3 The Role Of Larger Exports From Less-Developed Countries To Industrialized Countries
- 1.3.4 The Role Of Long Term Credits, Private Business Investment And Unrequited Transfers
- 2 Press Statement
- 3 Witnesses
- 4 References
The 1963 Bilderberg Agenda has been leaked and is now online.
1. The balance of power in the light of recent international developments
A written note had previously been drawn up by an Italian participant who referred to its main lines of argument in addressing the meeting.
The failure of the Russian bluff over Cuba, wrote this participant, demonstrated,
a) that there is a balance; at an extremely high level of destruction, between the military potential of the United States and the USSR;
b) that Khrushchev recognises this fact and that, whatever he may say in public, he is prepared to accept the consequences of this balance.
There was therefore reason to hope that "peaceful co-existence", without open hostility, would continue for some time.
2. Trade relations between the U.S.A. and Europe in the light of the negotiations for Britain's entry into the Common Market
In preparation for discussion of this item on the agenda, a note emanating from a British source and presented in th e form of a questionnaire had been distributed to participants, as well as an American note which replied in part to this questionnaire. The British note comprised six questions:
- Will the United States Government go ahead with the Kennedy Round? What are the
obstacles to rapid advance: In the U.S.? In Europe? Will the United States administration reinstate the Douglas amendment? If not, does this mean that the whole concept of abolishing tariffs on industrial products over a wide area is to be dropped and the only proposal will be the reduction of tariffs over a period of years?
- What reciprocity in the agricultural field does the United States expect from the E.E.C.? What degree of freedom for entry of agricultural products does it regard as a precondition of any reduction of industrial tariffs? If the E.E.C. makes a concession in this field, will the United States pay for it by making additional reductions in the industrial field? Does the United States consider that there is the slightest chance of France agreeing to a more liberal import policy for agricultural products?
- What happens if the E.E.C. adopts a wholly negative attitude? Does this mean that all tariff reduction then comes to a halt or would the U.S. be prepared to go ahead on a tariff reducing scheme with those countries that were prepared to co-operate?
- In the meantime will United States tariff policy be on a basis that is consistent with the general objective of reducing tariffs? We have had recent examples to the contrary in the cases of a number of products and others are being threatened.
- What effect has the breakdown of Brussels had on the U.S. attitude towards trade in peaceful goods with the Soviet block?
3. Trade relations between the Western world and the developing countries (tariffs, quotas, commodity arrangements, etc.)
Prior to discussion of this point, all participants had received a questionnaire specially drawn up for the meeting by an Indian rapporteur, as well as a note prepared by a German participant on the basis of this questionnaire. The Indian questionnaire comprised the following main headings and questions:
The Importance Of Economic Development In The Less-Developed Countries To The Maintenance Of High Levels Of Economic Activity In The Industrialized Countries
- What are the categories of goods on which the increase in developing
countries' import requirements will be concentrated?
- What repercussions is this increase in requirements likely to have on industrial production in the highly industrialized countries?
How Can Less-Developed Countries Be Assisted To Meet Their Import Requirements?
- Through what means can less-developed countries be helped to finance these growing requirements?
- What role should be assigned:
- to an increase in earnings of the less-developed countries from their exports?
- to long-term financial assistance or credits?
- to private foreign investment?d) to outright transfers and grants?
The Role Of Larger Exports From Less-Developed Countries To Industrialized Countries
- What can be done to arrest the trend towards a decline in commodity prices?
- What can be done to enable less-developed countries to expand the volume of their exports of primary products and agricultural commodities to the highly industrialized countries?
- What importance can be attached to diversification of exports from less-developed countries and what are the possibilities for such countries to expand their exports of processed and semi-processed products?
- What are the fields in which highly industrialized countries can meet a larger part of their requirements from the less-developed countries? Do developments in the highly industrialized countries entitle such countries to expect wide outlets and what can be done in this direction?
- Can the less-developed countries be encouraged to meet their requirements of the less sophisticated manufactures from one another so that requirements of the more advanced products can be met in larger measure from the highly industrialized countries?
- How can the barriers to imports of processed and semi-processed goods from the less-developed countries be reduced?
- Might certain special facilities be considered where a particular industry in one of the less-developed countries is not in a position to compete on a completely equal basis with the corresponding production in the highly industrialized countries?
The Role Of Long Term Credits, Private Business Investment And Unrequited Transfers
- What are the possibilities of stepping up long-term assistance and financial credits to the less-developed countries? What role can Governments play in this process?
- Just as financial aid is often tied to purchases from the donor country, might the repayment of aid be tied to sales to the donor country?
- To what extent would financial assistance on an untied basis enable more economic and productive use to be made of such assistance?
- Given the tendency to tie long-term credits to specific projects, could the whole of the development programme in the less-developed countries be considered as a project so as to permit such assistance to be used as general balance of payments aid?
- What can be done to stimulate a larger flow of private investment in the export industries of the less-developed countries?
- Can outright grants play a role in maintaining activity in certain sectors of industry in the industrialized countries?
A short press release was made before the conference.