ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Soviet-American Economic Ties

Soviet-American Economic Ties R G Gidadhubli WHETHER the third summit meeting between Brezhnev and Nixon last July broke any new ground in eliminating the nuclear arms race or not, it did demonstrate the desire of the two countries to come closer on the economic front. The first summit in 1972 had opened a new era in Soviet-American relations as a result of which trade between the two countries increased significantly. During the second summit the two countries had signed agreements to cover agriculture, transport and communications. The third summit culminated in the signing of a ten-year agreement to facilitate economic, industrial and technical co-operation. The US and the USSR have signed more agreements in the past two and a half years than during the previous 30 years after the establishment of diplomatic relations between the two countries.

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