NATIONAL SECURITY COUNCIL O C 20506 WASHINGTON E'IEYES ONLY TOP S Nat ional Securit Decision Memorandum November 9 1970 93 TOI Secretary of State Secretary of Defense Director Office of Emergency Preparedness Director of Central Intelligence SUBJECT Policy Towards Chile Following the discussion at the xneeting of the National Security Council on November 6 1970 the President has decided that the basis for our policy toward Chile will be the concept underlying Option C of the Interagency paper submitted November 3 1970 by the Department of State for the consideration of the National Security Council as outlined in the guide- lines set forth below The President has decided that I the public posture of the United States will be correct but cool to avoid giving the Allende government a basis on which to rally domestic and international support for consolidation of the regime but that 2 the United States will seek to maximize pressures on the Allende governxnent to prevent its consolidation and limit its ability to ixnplement policies contrary to U S and hemisphere interests Specifically the President has directed that within the cool and correct posture tovrard Chile contempt of a publicly -- vigorous efforts be undertaken to assure that other governments in Latin Axnerica understand fully that the U S oHIoses consolidation of a comxnunist state in Chile hostile to the interests of the United States and other hemisphere nations and to the extent possible encourage them to adopt a similar posture -- close consultation be established with key governxnents in Latin America particularly Brazil and Argentina to coordinate efforts to oppose Chilean moves which may be contrary to our mutual interests in pursuit of this objective efforts should be increased to establish and maintain close relations with friendly militar ary leaders in the hemisphere ' TOP SE 7 $ITIVE EYES ONLY „ — yx I4 I5I 3 w3 @ oi I X I 235I under provisions Nano»sf Securinj Counri I3 To fxI -i30f TOP S ES ONLY S -- necessary actions be taken to a b exclude to the extent possible further financing assistance or guarantees for U S private investment in Chile including those related to the Investment Guarantee Program or the operations of the Export-Import Bank determine the extent to which existing guarantees can be terminated or reduced and financing arrangements bring maximum feasible influence to bear in international financial institutions to limit credit or other financing assistance to Chile in this connection efforts should be made to coordinate with and gain maximum support for this policy from other friendly nations particularly those in Latin America with the objective of lessening unilateral U S exposure and d assure that U S private business interests having investments or operations in Chile are made aware of the concern with which the U S Government views the Government of Chile and the restrictive nature of the policies which the U S Government intends to follow -- no new bilateral economic aid commitments be undertaken with the Government of Chile programs of a humanitarian or private social agency character will be considered on a case by case basis existing commitments will be fulfilled but ways in which if the U S desires to do so they could be reduced delayed or terminated should be examined The President has directed that the Director of the Office of Emergency Preparedness prepare a study which sets forth the implications of possible developments in world copper markets stockpile disposal actions and other factors as they may affect the marketing of Chilean copper and our relationships with Chile The President also has directed that the Senior Review Group meet monthly or more frequently as necessary to consider specific policy issues within the framework of this general posture to report actions which have been taken and to present to him further specific policy questions which may require his decision To facilitate this process the President has directed the establishment of an Ad Hoc Interagency Working Group comprising representatives of the Secretaries of State and Defense the Director of Central Intelligence and the President's Assistant for National Security Affairs and chaired by the representative of the Secretary of State to TOP SECPJK I A 'E SiPTMB' YF 5„ '4 yi f ' ' „ ig ' NLY TOP SE S ONLY prepare options for specific courses of action and related action plans for the consideration of the Senior Review Group and to coordinate implementa tion of approved courses of action Henr cc Secretary A Kissinger of the Treasury Administrator A I D Director Office of Management and Budget Chairman Joint Chiefs of Staff TOP SE RlE'T7$ENS'I$'PJT 'FS ONLY This document is from the holdings of The National Security Archive Suite 701 Gelman Library The George Washington University 2130 H Street NW Washington D C 20037 Phone 202 994-7000 Fax 202 994-7005 nsarchiv@gwu edu Read related article Allende and Chile 'Bring Him Down' 2020-11-03