Page 148 - Argentina - Carter, Regan, and Bush VP

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ROBERT PASTOR
LATIN AMERICAN AFFAIRS V
NATIONAL SECURITY COUNCIL
OLD EXEC OFFICE BLDG
WASHINGTON DC 20506

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1. THE FRONT PAGES OF ARGENTINE NEW8PAPERS REFLECT THE DECISION
OF EXIMBANK TO DENY A S270 MILLION FINANCING OF U,S, EXPORTS BY
ALLIS-CHALMERS FOR THE YACIRETA HYDROELECTRIC PROJECT IN LINE WITH
THE U.8, HUMAN RIGHTS POLICY.

2. THE AMERICAN CHAMBER OF COMMERCE IN ARGENTINA, REPRESENTING
OVER ONE THOUSAND BUSINESS ENTITIES,1 AT ITS ANNUAL MEETING TODAY
VOTED UNANIMOUSLY TO CONDEMN THIS ACTION, ASIDE FROM THIS CASE
COUNTLESS OTHER U,S, CORPORATIONS HAVE OR WILL BE PREJUDICED BY THIS
POLICY IN FAVOR OF OTHER CORPORATIONS OF OTHER NATIONALITIES,

OUR ESTIMATES IN THIS REGARD RUN INTO THE BILLIONS OF DOLLARS, IT
MEANS THE LOSS OF COUNTLESS JOBS IN THE UNITES STATES AND THE
IRREVOCABLE DISAPPEARANCE OF UNITED STATES PRESENCE IN THE' ARGENTINE
MARKET AND A FURTHER WORSENING OF THE OVERALL UNITED STATES BALANCE
OF TRADE POSITION, LASTLY IT CAN ONLY RESULT IN UNNECESSARY BAD
WILL IN A NATION WHERE BILLIONS OF U.S, DOLLARS ARE ALREADY
INVESTED,

3. WE STRONGLY RECOMMEND THIS ACTION BE REVERSED BEFORE FURTHER
IRREPARABLE DAMAGE IS DONE,

THE AMERICAN CHAMBER OF COMMERCE IN ARGENTINA .<? &U ' (

ALEXANDER PERRY, PRESIDENT
20»27 EST

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