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Conversation: 567-009

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Start Date: 4-Sep-1971 10:09 AM

End Date: 4-Sep-1971 10:47 AM

Participants:

Nixon, Richard M. (President)Santamaria, Carlos Sanz deNachmanoff, ArnoldWhite House photographerSanchez, Manolo

Recording Device: Oval Office

Full Tape Conversation Start Time: 01:19:19

Full Tape Conversation End Time: 01:58:02

567a.mp3

567b.mp3

567c.mp3

NARA Description:

On September 4, 1971, President Richard M. Nixon, Carlos Sanz de Santamaria, Arnold Nachmanoff, White House photographer, and Manolo Sanchez met in the Oval Office of the White House from 10:09 am to 10:47 am. The Oval Office taping system captured this recording, which is known as Conversation 567-009 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 567-9

Date: September 4, 1971
Time: 10:09 am - 10:47 am
Location: Oval Office

The President met with Carlos Sanz de Santamaria and Arnold Nachmanoff; the White House
photographer and members of the press were present at the beginning of the meeting.
                                             15

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)



     Greetings

     Seating arrangements

     Photograph session

Manolo Sanchez entered at an unknown time after 10:09 am.

     Colombian coffee

Sanchez left at an unknown time before 10:47 am.

     Alliance for progress
          -The President's August 17, 1971 statement on tenth anniversary

     Latin America
           -US economic action
                -Effect of US economy's status on Latin America
                -10% surcharge and foreign aid reduction
                     -Effect
                            -Mexico, Argentina
                -Aid cuts by US Congress
                -Trade situation
                     - Preferential treatment
                            -Statement by William P. Rogers
                            -Compared to Europe
                            -Latin America trade ministers

Sanchez entered at an unknown time after 10:09 am.

                 -Dollar reserves
                 -Effect
                 -Awareness
                 -People of Latin America


Sanchez left at an unknown time before 10:42 am.

                 -Forthcoming Conference in Panama
                 -Long term effect
                 -10% surcharge
                                        16

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. 10/06)
                                                                   Conv. No. 567-9 (cont.)


          -Buenos Aires meeting
                -Study of proposals
          -Mexico, Argentina, Brazil
          -Forthcoming Panama conference
                -Attendance
                      -Technical group
                      -Finance ministers
                      -US delegation
                      -Paul A. Volcker
                      -Nathaniel Samuels
                      -Assistant Secretary of Department of the Treasury
                            -Charls E. Walker
                                 -Possible attendance
          -Forthcoming meetings
                -International Monetary Fund [IMF]
                -Washington, DC
          -Status of Latin America
                -New governments
                      -Mexico
                      -Chile
                            -Elections
                                 -Marxists
                                       -Labor unions
                      -Peru
                -Economy
                -Impact for the administration

US-Latin American relations
    -Forthcoming decade
          -Study

Schedule of Inter-American Committee of the Alliance for Progress [CIAP] meeting
     -Panama conference
     -Economic ministers
     -Santamaria's possible meeting with Henry A. Kissinger, Peter G. Peterson, John B.
          Connally
     -Public statement

US economic action
     -Balance of payments and international monetary dislocation
          -Position of Latin American countries
                                        17

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. 10/06)
                                                                 Conv. No. 567-9 (cont.)


     -Across the board nature of action
          -Surcharge
                -General Agreement on Tariffs and Trade [GATT]
     -Surcharge
          -Duration
          -Reevaluation
     -Relations with other countries
          -Latin America
          -Japan, European Economic Community [EEC]
          -President’s speech in Chicago, September 3, 1971
                -Former US aid to Japan, Germany, Great Britain, France
     -Competition
          -Unfavorable balance of payments
                -Exchange rates
                      -Tariff barriers
     -Negotiations with major countries
          -Development of relationship
                -Competitive practices
                      -Surcharge
          -Duration of surcharge
          -US-Latin relations
                -Mexico
                      -Amount of trade
                -Bolivia
          -Duration of surcharge
          -Quotas
          -Increase of tariff rates

Latin America
      -Aid program
           -Budget cuts
                 -Type of cut
           -Mood of country
           -Mood of Congress
                 -Foreign aid
                 -Attitudes toward Latin America
                       -Friendship
                 -Amount of budget cuts
                 -Type of budget cuts
                       -Government pay increases
      -US commitment
                                        18

                    NIXON PRESIDENTIAL MATERIALS STAFF

                                Tape Subject Log
                                  (rev. 10/06)
                                                                 Conv. No. 567-9 (cont.)


          -Program of support of alliance for progress
                -Congressional support
                -Relations
                      -Aid and loans
                      -Trade
                      -Rockefeller Commission
                      -Nature of relations
                -Meeting with Connally
                      -Scheduling
                      -Connally’s views
                      -Treasury Department's role
                           -State Department
     -Panama conference
          -Santamaria's possible comments
                -Meeting with the President
                -Sources of US action
                -Relations between US and Latin America
                -Surcharge duration
                -Foreign aid cuts
     -Aid programs
     -US-Latin relations
          -Peterson
                -Future meeting with Santamaria
                -New position
                      -Chair, Council on International Economic Policy [CIEP]
                -Knowledge
                      -US relations with Japan, Germany
          -Policies
     -Future of Latin America
          -Stability

US economic policies
     -Duration of budget measures
     -Relationship between Latin America and the US
     -Peace
     -Trade
     -Negotiations
          -Constructive disengagement
     -Trade competition
          -Current attitudes
                -Protectionism
                                               19

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                         Conv. No. 567-9 (cont.)


                          -Textiles, airplanes, glassware
                          -Quotas, tariff barriers
          -Wage and price freeze
               -Unfavorable balance of payments
                     -Revaluation
          -Impact on Latin America

     Latin America
           -Statements on US attitudes by Santamaria
                 -Santamaria's meeting with the President
                      -President’s commitments
                             -Cooperations with Alliance for Progress
                             -Trade in Latin America
                      -US economic actions
                             -Impact on Latin America
                             -Cause
           -Peterson
                 -Possible meeting with Santamaria
           -Relations with the US
                 -Possible statements
                      -Surcharge
                 -Duration of surcharge
                 -Foreign aid
                      -US actions
                      -Aid reduction
                      -Surcharge

Santamaria and Nachmanoff left at 10:47 am.