THE AMERICAS: The Red Market

Widespread among Latin American businessmen and government officials is the wistful notion that the Soviet Union and its satellites offer a vast and profitable export market. On paper at least, trade between the Latin lands and the Reds is indeed on the rise. In effect between various Latin American and Communist-bloc countries are a score of bilateral trade pacts calling for exchange of an estimated $500 million worth of goods in 1955—an imposing total considering that Latino-Red trade in 1953 amounted to only $70 million. But some flinty U.S. Government figures made public last week indicate that doing business with...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!