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...

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