CONFIDENTIAL

on the main issues of the day.

7. Mr Reagan will no doubt see the Prime Minister's

visit as an opportunity to underline the closeness of the

bilateral relationship as well as his own high regard for

the Prime Minister. Although he will expect the Prime

Minister to raise privately a number of concerns,

including the US budget deficit and its effect on

interest rates, he will hope that in public the visit

will illustrate the closeness of view between the two

governments on economic strategy and reaffirm that

recovery is underway. He will also be looking for

support for his approach to relations with the Soviet

Union, especially in the light of the KAL incident, and

for the Administration's policies in Central America and

probably also in Lebanon.

HANDLING OF MEETING WITH THE PRESIDENT

8. In order to make the most of the limited time

available for the Prime Minister's meeting with the

President, the President and the Prime Minister might try

to reach broad political agreement on the following key

topics.

X

x

9.

The Sover

East/West Relations Including Defence/Disarmament Issues

The Korean airine tragedy has highlighted a number of

to the world aspects of the Soviet system and attitude of issues which

would lead naturally into a discussion of Western policy towards the Soviet Union. The Prime Minister will wish could

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to lead into the discussion of East/West relations from

this perspective.

On specific points in the economic

CONFIDENTIAL

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