Evening star. [volume] (Washington, D.C.) 1854-1972, 1953-02-02

place upon G16 GdT uCSILlCSo VI
their efforts toward this goal.
Real progress will be conclusive
evidence to the American peo-
pie that our material sacrifices
in the cause of collective secu-
rity are matched by essential
political, economic and mill.
tary accomplishments in West
ern Europe.
Policy to Recognize
Importance Of Trade
co Our foreign policy will
recognize the Importance of
profitable and equitable world
trade.
A substantial beginning can
and should be made by our
friends themselves. Europe. for
example, is now marked by
checkered areas Of labor-sur-
plus and labor shortage, Of ag-
ricultural areas needing ma
) chimes and industrial areas
needing food. Here and else
where we can hope that our
friends will take the initiative
in creating broader markets
and more dependable curren-
cies, to allow greater exchange
of goods and services among
themselves.
Action along these lines can
create an economic environ
ment that will invite vital help
from us.
This help includes:
First: Revising our customs
regulations to remove proce-
dural obstacles to profitable
trade. I further recommend
that the Congress take the Re-
ciprocal Trade Agreements Act
under immediate study and ex-
tend it by appropriate legisla-
ton. This objective must not
ignore legitimate safeguarding
of domestic industries, agricul-
ture and labor standards. In
all Executive study and rec
concentrations on this problem.
labor and management and
farmers alike will be earnest.
ly consulted.
Second: Doing whatever gov.
erment properly can to en-
courage the flow of private
American investment abroad.
This involves, as a serious and
explicit purpose Of our foreign
policy, the encouragement of
a hospitable climate for such
investment in foreign nations.
Third: Awaiting ourselves Of
facilities overseas for the eco
nomical production Of manu-
featured articles which are
needed for our mutual defense
and which are not seriously
competitive with our own nor
NAL peacetime production.
Fourth: Receiving from the
rest Of the world, in equitable
exchange for what we supply.
greater amounts Of important
raw materials which we do not
ourselves possess in adequate
quantities.
In this general discussion Of
our foreign policy. I must
make special mention of the
war in Korea.
This war is. for Americans,
the most painful phase Of
Com munist aggression
throughout the world. It is
clearly a part of the same cal
culated assault that the ag-
gressor is simultaneously pres
sing in Indo-China and in
Malaga, and of the strategic
situation that manifestly en-
braces the island Of FormoSa
and the Chinese Nationalist
forces there. The working out
Of any military solution to the
Korean War will inevitably
affect all these areas.
The Administration is Civ
ing immediate increased at
tention to the development Of
additional Republic Of Korea
forces. The citizens of that
country have proved their
capacity as fighting men and
their eagerness to take a
greater share in the defense
Of their homeland. Organiza-
ton, equipment. and train
ing will allow them to do so.
Increased assistance to Ko-
rea for this purpose conforms
fully to our global policies.
In June. 1850, following the
aggressive attack on the Re-
public of Korea, the United
States Seventh Fleet was in
Structed both to prevent at
tack upon Formosa and also to
insure that Formosa should
not be used as a base Of OPP
erations against the Chinese
Communist mainland.
This has meant, in effect,
that the United States Navy
was required to serve as a de-
fensive arm Of Communist
China. Regardless of the situa-
ton in 1850, since the date of
that order the Chinese Com
munist have invaded Korea to
attack the United Nations
forces there. They have con-
sistently rejected the pro-
posals of the United Nations
Command for an armiStice.
They recently joined with
Soviet Russia in rejecting the
armistice proposal sponsored
in the United Nations by the
Government Of India. This
PROPOSAL had, been accepted