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expansion of our trade everywhere, and particularly In the Western Hemisphere. We are equally convinced that a deviation from this policy which would produce undue or unreasonable restrictions on the exports from our friends in the Western Hemisphere will not only jeopardize our economy and impair our national security, but of more consequence could set in motion a chain of events that would seriously damage our economic, social and political relations with our foreign friends.

By way of specific suggestion on the oil imports issue, we submit the following for your consideration: First, we believe that before any action is taken on oil imports, either hj the legislative or executive branch of the Government, conferences should be held with representatives of those countries from which our foreign oil supplies come, with a view toward working out with them amiable and mutual understandings on this problem. We believe that the principal nations involved are sufficiently aware of our domestic problems and we of theirs that we can reach better solutions in this way than if the United States imposes restrictions by unilateral action.

Secondly, we recommend that any modification of our trade relationship with Venezuela be made under the terms and provisions of the agreement now existing between the two nations.

Thirdly, that in the administration of our trade agreements program the maximum possible consideration should be given to the interdependence of the nations of the Western Hemisphere.

We believe that within the framework of these recommendations and suggestions, this nation of ours can continue its expansion of world trade while at the same time preserving for itself and friends abroad economic stability and military security.

In closing, gentlemen, we would like to digress from the more specific references to our trade relations and direct your attention to our social, economic, and political relations with the other countries of the free world. At this very moment some of our friends and neighbors are at a crossroads in their struggle to establish a more democratic way of life in both their political and economic affairs. The United States has declared itself a champion of such principles throughout the world and we have dedicated both our economic and human resources to this end. At this critical moment in world affairs we must not foster the interests of those opposed to such principles, which would certainly he the case should our legislative action damage the trade relationship with and In turn the economies of our friends.

Exhibit No. 1

United States exports of domestic merchandise to Venezuela in f 957'

[Thousands of dollars]

00. Animals and annual products, edible:

Animals, edible $2, 030

Meat and meat products 3,497

Animal oils and fats, edible 281

Dairy products 20,156

Fish and fish products 505

Other edible animal products 9,275

Total 35,855

0. Animal and animal products, inedible:

Hides and skins, raw, except furs 32

Leather - 587

Leather manufactures 745

Furs and manufactures 99

Animal and fish oils and greases, inedible 735

Other inedible animals and animal products 304

Total 2, 606

Sp> footnotes at end of table.

United Mates exports of domestic merchandise to Venezuela in 1957 '—Continued

[Thousands of dollars]

1. Vegetables food products and beverages:

Grains and preparations 20.010

Fodders and feeds, n. e. e.2 1.375

Vegetables and preparations, edible 5,456

Fruits and preparations 8,686

Nuts and preparations 024

Vegetable oils, fats, and waxes, refined 3, 047

Sugar and related products 300

Heverages and related products 2, 965

Total 42, 867

2. Vegetable products, inedible, except fibers and wood:

Rubber and allied gums and manufactures, except special

category 2" 11.360

Xaval stores, gums and resins 433

Oil seeds 37

Vegetable oils, fats, waxes, crude 112

Vegetable dyeing and tanning extracts 160

Seeds, except oil seeds 170

Tobacco and manufactures 10,169

Miscellaneous vegetable products, inedible 611

Total 23,251

3. Textile fibers and manufactures:

Cotton, unmanufactured 823

Cotton, semimanufactured 3, 895

Cotton manufactures 15, 157

Vegetable fibers and manufactures 550

Wool semimanufactures 11

Wool manufactures 671

Hair and manufactures, n. e. c.! 51

Silk and manufactures 145

Synthetic fibers and manufactures 9, 636

Miscellaneous textile products 3, 767

Total 34, 806

4. Wood and paper:

Wood, unmanufactured 341

Sawmill products 1, 60S

Wood manufactures 2,117

Cork and manufactures 311

Papor base stocks, except rags 331

Paper, related products, and manufactures 21, 754

Total 26,535

5. Nonmetallic minerals:

Petroleum and products, except special category 2 * 4, 305

Stone, hydraulic cement, and lime 1.297

Glass and products 7.342

Clay and products 5.188

Other nonmetallic minerals, including precious 4,997

Total 23, 265

See footnotes at end of table.

I'nited States exports of domestic merchandise to Venezuela in 1957'—Continued

[Thousands of dollars]

6. Metals and manufactures, except machinery and vehicles:

Iron bars, skelp, and pipe' 2,414

Steel mill products, rolled and finished 132,037

Castings and forcings 762

Railway car and locomotive wheels, tires and axles (rolled

and forged) 37

Metal manufactures, exclusive of special category 1 77,255

Aluminum ores, concentrates, scrap and semifabricated forms. 1, 770

Copper ores, concentrates, scrap, and semifabricated forms.. 1.607

Copper-base alloys 168

Lead and semifabricated forms 275

Nickel and semifabricated forms 148

Tin and semifabricated forms 11

Zinc and semifabricated forms 17

Nonferrous ores ami semifabricated forms 133

Precious metals and plated ware, n. e. c.2 25

Total 216, 066

7. Machinery: *

Electrical machinery and apparatus, excluding special cate-
gories' 67. 050

Engines, turbines, and parts, n. e. c.2 16, 831

Construction, excavating, mining and oilfield machinery 125,566

Metalworking machines, n. e. <•.*, parts and accessories 2, 785

Textile, sewing and shoe machinery 2,143

Other industrial machines and parts 83,632

Office machines and parts 3,05-1

Printing and bookbinding machinery 608

Agricultural machines, implements, and parts 2, 885

Total 305,345

8. Vehicles:'

Tractors, parts and accessories, except special category 2' 16, 843

Automobiles, trucks, buses, trailers, parts, and accessories,

excluding special category 2' 106,780

Aircraft, parts and accessories, excluding special category 23_ 13, 281

Watercraft, excluding special category 1* 38,340

Railway transportation equipment 11,401

Other vehicles and parts 665

Total 187,418

9. Chemicals and related products:

Coal-tar products, excluding si>ecia: category 2'1 047

Medicinal and pharmaceutical preparations 17,382

Chemical specialties 22, 021

Industrial chemicals, excluding special categories 1 and 2' 5, 066

Pigments, paints and varnishes 4, 211

Fertilizers and fertilizer materials 1, 746

Black powder and dynamite 2,723

Soap and toilet preparations 1,030

Total 56, 051

See footnotes at end of table.

United States exports of domestic merchandise to Venezuela in 1957'—Continued

[Thousands of dollars]

10. Miscellaneous:

Photographic and projection goods, excluding special

category 13 4,604

Scientific and professional instruments, n. e. c.J, excluding

special category l3 '. 7,783

Musical instruments, parts and accessories 5, 790

Miscellaneous office supplies 4, 259

Ordance and pyrotechnics, excluding special categories 1

and 2' 94

Books, maps, pictures, and other printed matter, n. e. c.1 3, 202

Miscellaneous commodities, n. e. c.a, excluding special

category 1» 20.181

Total 49, 147

Total exports 1, 0O."», 012

1 From U. S. Department of Commerce Monthly Reports No. FT 420, United States Exports of Domestic and Foreign Merchandise, Country of Destination by Subgroup. All totals are estimated from 11 months data.

* Not elsewhere classified.

3 Special categories include commodities for which export figures are not published separately, for security reasons.

* In this tabulation, the subgroup, machinery and vehicles, has been divided further Into two groups.

Note.—The sum of the items in each subgroup will not equal the subgroup total because many small items are included in the total but not listed in this breakdown.

EXHIBIT NO. Z

To Testimony of
American Chamber of Commerce

June 26, 1958
Senate Finance Committee

EXPORTS TO VENEZUELA

WHAT THEY ARE
AND

WHERE THEY COME FROM

(Representing 60% Sample)

by ECONOMETRIC SPECIALISTS INC.. New York. N. Y.

753

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