CIS Microfiche Library 1970-2002 (CIS Asia Pacific Collection)

 CIS NO: 78-H241-29
 TITLE: Export-Import Bank and Trade with China.
 SOURCE: Committee on Banking, Finance, and Urban Affairs. House
 DOC TYPE: Hearing                   COLLATION: iii+103 p.
 DATE: Jan. 26, 1978
 CONGRESS-SESSION: 95-2              SUDOC: Y4.B22/1:Ex7/24
 ITEM NO: 1013
 LC CARD NO: 78-601485               MC ENTRY NO: 78-16186

 Hearing before the Subcom on International Trade, Investment, and Monetary
 Policy on H.R. 8196 (text, p. 2-3), to amend the Export-Import Bank Act of
 1945 to permit unrestricted Eximbank support of exports to the People's
 Republic of China (PRC).
   Includes submitted statements and correspondence (p. 91-103).
 CONTENT NOTATION: Eximbank financing of exports to China, authorization
 DESCRIPTORS (and special content notations): EAST-WEST TRADE; CHINA,
     PEOPLE'S REPUBLIC; SUBCOM ON INTERNATIONAL TRADE, INVESTMENT, AND
     MONETARY POLICY. HOUSE; FOREIGN.TRADE.PROMOTION; CIVIL LIBERTIES
     (Eximbank loans to China, human rights conditions); EXPORT-IMPORT BANK
     (Exports to China, financing authorization); FOREIGN.LOANS;
     EXPORT-IMPORT BANK ACT
 BILLS: 95 H.R.8196

 78-H241-29 TESTIMONY NO: 1         Jan. 26, 1978 p. 8-60
 WITNESSES (and witness notations):
     ROOT, WILLIAM A. (Office of East-West Trade, State Dept)
     BALL, GEORGE W. (sr managing dir, Lehman Bros Kuhn Loeb, Inc)
     PHILLIPS, CHRISTOPHER H. (pres, Natl Council for US-China Trade)
     KORSVICK, WILLIAM J. (vp, intl banking dept, First Natl Bank of
        Chicago)
 STATEMENTS: Overview of recent U.S.-PRC trade relations, including
     potential for expansion of bilateral trade; differing analyses of H.R.
     8196 ability to facilitate trade relations with PRC; analysis of present
     PRC import financing methods (tables, p. 37-38); views on allowing PRC
     exemption from Trade Act human rights requirements. (p. 8-49)
 DISCUSSION: Amplification of views on PRC future import financing policies
     and necessity for proposed legislation. (p. 49-60)
 CONTENT NOTATION: Eximbank financing of exports to China, authorization
 DESCRIPTORS: DEPARTMENT.OF.STATE; NATIONAL COUNCIL FOR U.S.-CHINA TRADE;
     TRADE ACT

 78-H241-29 TESTIMONY NO: 2         Jan. 26, 1978 p. 61-90
 WITNESSES (and witness notations):
     PRYOR, EARL (first vp, Oreg Wheat Growers League; member, exec bd,
        Natl Assn of Wheat Growers)
     MAFFUID, JESSE (intl mktg dir, Natl Machine Tool Builders Assn; on
        behalf of)
     MARSILIUS, PHILIP R. (past chm)
     MUNISTERI, JOSEPH G. (group vp, Brown and Root, Inc., Houston, Tex)
 STATEMENTS AND DISCUSSION: Potential significance of Eximbank credit
     availability in encouraging PRC imports of U.S. products, including
     grains and machine tools; viewed ineffectiveness and potential
     detrimental impact on U.S. exports of Trade Act human rights
     requirements; likelihood of increased need for Eximbank credit financing
     with liberalization of PRC trade policies.
 CONTENT NOTATION: Eximbank financing of exports to China, authorization
 DESCRIPTORS: OREGON WHEAT GROWERS LEAGUE; NATIONAL ASSOCIATION OF WHEAT
     GROWERS; NATIONAL MACHINE TOOL BUILDERS ASSOCIATION; WHEAT; MACHINE
     TOOL INDUSTRY; TRADE ACT; BROWN AND ROOT, INC.