WASHINGTON TELNO 2985 TO FCC
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IN A WAY COUNTER TO COMMONLY ACCEPTED NORMS OF INTERNATIONAL LAW AND BEHAVIOUR COULD NOT EXPECT TO ATTRACT INVESTMENT FUNDS.
7. HE ANNOUNCED:
(A) THAT THE ADMINISTRATION WAS LOOKING AT WAYS TO MODIFY DIRECT INVESTMENT CONTROLS SO AS TO HELP MEET INVESTMENT REGULATIONS IN LATIN AMERICA AND OTHER DEVELOPING COUNTRIES:
(B) THAT HE WAS DIRECTING U.S. AID PROGRAMMES TO PLACE GREATER EMPHASIS ON ASSISTANCE TO LOCALLY OWNED PRIVATE
ENTERPRISE:
(C) THAT HE WAS ORDERING THE EXPANSION OF TECHNICAL ASSISTANCE FOR THE CREATION OF NATIONAL AND REGIONAL CAPITAL
MARKETS.
8. POLITICAL RELATIONS.
WHILE EXTOLLING THE VIRTUES OF DEMOCRACY AND HOPING THAT ALL NATIONS WOULD EVENTUALLY ENJOY THEM THE PRESIDENT SAID THE U.S. WOULD HAVE TO DEAL REALISTICALLY WITH GOVERNMENTS IN THE' INTER AMERICAN SYSTEM, AS THEY WERE: HOWEVER NATIONS WHICH SPONSORED ARMED SUBVERSION IN ANOTHER'S TERRITORY, (AND HERE HE DEPARTED FROM THE TEXT TO MENTION CUBA), COULD NOT EXPECT TO SHARE IN THE BENEFITS OF THE COMMUNITY. THE 'EXPORT' OF REVOLUTION WAS AN INTERVENTION WHICH THE SYSTEM COULD NOT
CONDONE.
9. ADMINISTRATIVE REORGANISATION.
THE PRESIDENT ANNOUNCED THAT HE WOULD SUBMIT A LEGISLATIVE REQUEST TO CONGRESS TO RAISE THE RANK OF THE ASSISTANT SECRETARY FOR INTER-AMERICAN AFFAIRS TO UNDER SECRETARY.
10. SE MY IMMEDIATELY PRECEDING TELEGRAM FOR COMMENTS.
F C O PASS TO OECD PARIS PRIORITY AND SAVING TO UKMIS GENEVA UKDELE.E.C. BRUSSELS AND WESTERN HEMISPHERE POSTS.
MR.FREEMAN.
FCO/WHI. DISTRIBUTION
AMERICAN D.
/REPEATED AS REQUESTED/