567–9

Conversation No. 567-9

Date: September 4, 1971
Time: 10:09 am - 10:47 am
Location: Oval Office

The President met with Carlos Sanz de Santamaria and Arnold Nachmanoff; the White House
photographer and members of the press were present at the beginning of the meeting.
 15

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)



Greetings

Seating arrangements

Photograph session

Manolo Sanchez entered at an unknown time after 10:09 am.

Colombian coffee

Sanchez left at an unknown time before 10:47 am.

Alliance for progress
-The President's August 17, 1971 statement on tenth anniversary

Latin America
-US economic action
-Effect of US economy's status on Latin America
-10% surcharge and foreign aid reduction
-Effect
-Mexico, Argentina
-Aid cuts by US Congress
-Trade situation
- Preferential treatment
-Statement by William P. Rogers
-Compared to Europe
-Latin America trade ministers

Sanchez entered at an unknown time after 10:09 am.

-Dollar reserves
-Effect
-Awareness
-People of Latin America


Sanchez left at an unknown time before 10:42 am.

-Forthcoming Conference in Panama
-Long term effect
-10% surcharge
 16

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 567-9 (cont.)


-Buenos Aires meeting
-Study of proposals
-Mexico, Argentina, Brazil
-Forthcoming Panama conference
-Attendance
-Technical group
-Finance ministers
-US delegation
-Paul A. Volcker
-Nathaniel Samuels
-Assistant Secretary of Department of the Treasury
-Charls E. Walker
-Possible attendance
-Forthcoming meetings
-International Monetary Fund [IMF]
-Washington, DC
-Status of Latin America
-New governments
-Mexico
-Chile
-Elections
-Marxists
-Labor unions
-Peru
-Economy
-Impact for the administration

US-Latin American relations
-Forthcoming decade
-Study

Schedule of Inter-American Committee of the Alliance for Progress [CIAP] meeting
-Panama conference
-Economic ministers
-Santamaria's possible meeting with Henry A. Kissinger, Peter G. Peterson, John B.
Connally
-Public statement

US economic action
-Balance of payments and international monetary dislocation
-Position of Latin American countries
 17

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 567-9 (cont.)


-Across the board nature of action
-Surcharge
-General Agreement on Tariffs and Trade [GATT]
-Surcharge
-Duration
-Reevaluation
-Relations with other countries
-Latin America
-Japan, European Economic Community [EEC]
-President’s speech in Chicago, September 3, 1971
-Former US aid to Japan, Germany, Great Britain, France
-Competition
-Unfavorable balance of payments
-Exchange rates
-Tariff barriers
-Negotiations with major countries
-Development of relationship
-Competitive practices
-Surcharge
-Duration of surcharge
-US-Latin relations
-Mexico
-Amount of trade
-Bolivia
-Duration of surcharge
-Quotas
-Increase of tariff rates

Latin America
-Aid program
-Budget cuts
-Type of cut
-Mood of country
-Mood of Congress
-Foreign aid
-Attitudes toward Latin America
-Friendship
-Amount of budget cuts
-Type of budget cuts
-Government pay increases
-US commitment
 18

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 567-9 (cont.)


-Program of support of alliance for progress
-Congressional support
-Relations
-Aid and loans
-Trade
-Rockefeller Commission
-Nature of relations
-Meeting with Connally
-Scheduling
-Connally’s views
-Treasury Department's role
-State Department
-Panama conference
-Santamaria's possible comments
-Meeting with the President
-Sources of US action
-Relations between US and Latin America
-Surcharge duration
-Foreign aid cuts
-Aid programs
-US-Latin relations
-Peterson
-Future meeting with Santamaria
-New position
-Chair, Council on International Economic Policy [CIEP]
-Knowledge
-US relations with Japan, Germany
-Policies
-Future of Latin America
-Stability

US economic policies
-Duration of budget measures
-Relationship between Latin America and the US
-Peace
-Trade
-Negotiations
-Constructive disengagement
-Trade competition
-Current attitudes
-Protectionism
 19

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 567-9 (cont.)


-Textiles, airplanes, glassware
-Quotas, tariff barriers
-Wage and price freeze
-Unfavorable balance of payments
-Revaluation
-Impact on Latin America

Latin America
-Statements on US attitudes by Santamaria
-Santamaria's meeting with the President
-President’s commitments
-Cooperations with Alliance for Progress
-Trade in Latin America
-US economic actions
-Impact on Latin America
-Cause
-Peterson
-Possible meeting with Santamaria
-Relations with the US
-Possible statements
-Surcharge
-Duration of surcharge
-Foreign aid
-US actions
-Aid reduction
-Surcharge

Santamaria and Nachmanoff left at 10:47 am.