State Trading

Archive Report

Foreign Aid and U.S. Government Trading

Whether Congress provides for administration of the European Recovery Program by an independent government agency headed by a single administrator, as recommended by the President's (Harriman) Committee on Foreign Aid, or by a government corporation headed by a bipartisan board of directors, as recommended by the House (Herter) Committee on Foreign Aid, the new agency will have wide powers over procurement of supplies for the Marshall Plan countries. To the extent that it acts directly as an exporter or exporting agent, and as an importer of materials that may be furnished in return for American aid, it will constitute a state trading agency.

During the war the United States government engaged in foreign trade on a large scale, although the ...

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