352 
terms and conditions set forth in the agreement. The arrangement 
would be in connection with the Trans-Pacific services of FESCO 
between U.S. Gulf ports and ports in Japan, Hong Kong, the Philippine 
Islands and Far Eastern ports of the U.S.S.R. 
In the statement of justification filed simultaneously with Agreement 
No. 10167, Lykes advised that FESCO had agreed, as a condition 
to Lykes acting as FESCO’s agent, to join the Far East Conference, 
Agreement No. 17. 
The staff was informed by telex on July 16, 1975 that FESCO 
was admitted to membership in the Far East Conference Agreement 
No. 17. As a result this carrier simultaneously became a member 
of Agreement No. 8200. The latter is a Joint Conference Agreement 
between the Far East Conference and the Pacific Westbound Con- 
ference. FEC provides service between U.S. Atlantic and Gulf Coast 
ports and Far Eastern ports. PWC serves the U.S. West Coast Far 
East trade. As a member of the Far East Conference, FESCO will 
be required to abide by the rates, rules, and regulations published 
by the FEC in its tariffs on file with the Commission. 
Another recent development which appears to reinforce the impres- 
sion that Soviet shipping companies will indeed join conferences when 
it is advantageous to their best interests is evidenced by the admission 
of Black Sea Steamship Company to membership in the West Coast 
of Italy, Sicilian and Adriatic ports/North Atlantic Range Conference 
(W.I.N.A.C.) on July 17, 1975. 
EXPANSION OF SERVICES IN U.S. TRADES 
U.S. trade with the Soviet Union has increased dramatically over 
1971 levels, even though 1974 and projected 1975 levels are lower 
than the 1973 peak volume which stemmed from massive Soviet grain 
imports. The synopsis below provides an overview of U.S.-Soviet trade 
between 1971 and 1975. 
U.S.-U.S.S.R. TRADE TRENDS 
{In millions of dollars] 
1975 
U.S. Exports 1971 1972 1973 1974 estimate 
Manufactured goods ________________ ae 118.0 102.4 264.9 293.3 600.0 
NCL wees aoe tet ee SaaS ee eee eee 42.5 444.2 922.2 318.6 250.0 
lotal t.ctesten« Yoyo otk 9 160.5 546.6 1,187.1 611.9 850.0 
USsalimports...< = Seep 5 SR 2. Peet Soe 56.8 95.4 214.6 349.5 450.0 
Airade turnover! sec eee. warren ee ee pa las 642.0 1,401.7 961.4 1,300.0 
US Miradeubalances Gi. 2521s loser tae 103.7 551.2 972.5 262.5 400.0 
Source: Dept. of Commerce, Bureau of East-West Trade. 
In contrast to more variable levels of agricultural goods shipments, 
U.S. manufactured exports have increased steadily and should reach. 
new highs in 1975 as shipments are made against large orders placed 
over the past three years according to the Commerce Department. 
U.S. imports from the Soviet Union have also increased sharply. These 
are primarily composed of semi-processed metals and mineral fuels 
