AID AND TRADE ACTIVITIES OF COMMUNIST COUNTRIES IN LESS DEVELOPED AREAS OF THE

Created: 9/15/1969

OCR scan of the original document, errors are possible

USIB

Economic Intelligence Committee

Aid and Trade Activities of Communist Countries in Less Developed Areas of the Free World

BIWEEKLY REPORT

CONfi^RTIAL

CONTENTS AND SUMMARY OF

Paqo

Far East

East German EconomicCambodia

East Germany recentlyreditillion to Cambodia for project assistance.

Latin America

Peruvian Purchase of MiningHungary '. . . .

Onugust, Hungary signed ato furnish an ore dressing plant to

Peruvian mining company.

Brief Notes

Congo (Brazzaville) . .

Communist China willmall boatyard in Congo (Brazzaville).

CONFMBrTTIAL

D TRADE ACTIVITIES

OF COMMUNIST COUNTRIES IN LESS DEVELOPED AREAS OF THE FREE WORLD

I. Far East

East German Economic Credit to Cambodia

In early September, East Gennanyreditillion to Cambodia for project assistance. This latest credit brings total East German extensions thus far9 to0 million to countries that have granted it diplomatic recognition. Iraq and Syria, which also recognized East Germanyaveotal4 million inOR OFFICIAL USE ONLY)

Latin America

Peruvian Purchase of MiningHungary

Onugust, Hungary concluded aa Peruvian commercial delegation underwilleruvian mining company withdressing plant and equipment valuedmillion. The plant,-which willzinc, and copper, willons. Hungarian geologists

will conduct studiesreliminary to setting up the plant. The terms of the agreement are not known. The two sides also discussed the formationixed Peruvian-Hungarian mining company. (FOR OFFICIAL USE ONLY)

III. Brief Notes

Congo (Brazzaville). eptember, Congo (Brazzaville) and Communist China signed ato4 aid agreement under which China willmall boatyard near

tha Biueeklu Reportsuly and Auguet

AL

Brazzaville. Communist China is providing the necessary technical assistance and equipment, and Chinese technicians already have arrived to work on the project. Costs will be financed under the4 credit ofwhich allows for repayment over ten years starting (CONFIDENTIAL)

Original document.

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