PREC Neca mop gECRET st Nae Ney is at Wt The National Security Council: “a. ~ Discussed the actions by the Council on Foreign Economic Policy, taken pursuant to NSC Action No. 1857 and transmitted by the reference memorandum of Feb- ruary 17, 1958, with particular reference to the U. 8. position in current negotiations on mitilateral security trade controls; in the light of the views of the Joint Chiefs of Staff, transmitted by the reference memorandum of February 26, 1958, and the reference Progress Report on NSC 5704/1 and NSC 5704/3. b. Agreed that the best interests of the United States would be served by liberalizing the mltilateral security controls on trade with the Sino-Soviet bloc; thereby facilitating accord with our allies and agreement on the maintenance of an effective multilateral security trade control system. Such system should continue controls on munitions and atomic energy items and on other items having a clear military application or involving advanced technology of strategic significance not available to the Sino-Soviet bloc. c. Requested the Council on Foreign Economic Policy to review current U. S. Economic Defense Policy (NSC 5704/3) in the light of b above and of developments in such current mltilateral security trade control negotiations. NOTE: The action in b above, as approved by the President, subsequently transmitted to the Secretary of State for implementation, in consultation with the Secretaries of Defense and Commerce and with the advice of the Director of Central Intelligence, in relation to the current multilateral security trade control negotiations. The action in ¢ above, as approved by the Presi- dent, subsequently transmitted to the Chairman, CFEP. : fe -REPRODUGED. ier THB. hs ote *1 cs] x . fy é ae af am DWI 2. UNCLASSIFI22