National Foreign Trade Council

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The Captain Robert Dollar Memorial Award has been given annually since 1938 at the NFTC's annual convention to the individual "who, in the judgement of a committee to be named by the council, shall have made during the preceding calendar year the most outstanding contribution towards the advancement of the foreign trade of our country."

From the description of Captin Robert Dollar Memorial Award records, 1938-1983 (Hagley Museum & Library). WorldCat record id: 164035517

From the description of Captin Robert Dollar Memorial Award records, 1938-1983 (Hagley Museum & Library). WorldCat record id: 123469290

The first annual National Foreign Trade Convention was held in May 1914 and preceded the formation of the National Foreign Trade Council. The Convention became the NFTC's principal event and the one time in which most of its members could congregate. Arranging the conventions was one of the major duties of the NFTC staff. In addition to the NFTC membership, the conventions attracted government officials and public policy experts from the U.S. and its international trading partners.

During the last half of the twentieth century, the conventions were typically divided into general and special sessions that focused either on topical concerns such as industrial relations, education, trade barriers, foreign investment, international finance, energy concern and the like, or on regional developments such as trade with Latin America, the European Union, or Asia and the western Pacific. The conventions also featured exhibits, a series of group luncheons, a general banquet, and later a "World Trade Dinner."

Through 1974, the conventions published a final declaration, which represented the NFTC's stand on current issues and its policy recommendations. Beginning in 1975, the declaration was published in the name of the NFTC itself, and generally issued after the convention.

From the description of Records of National Foreign Trade Conventions, 1918-1987. (Hagley Museum & Library). WorldCat record id: 164037229

The National Foreign Trade Council (NFTC) was established on May, 28 1914 by a resolution of the first National Foreign Trade Convention, during its proceedings at Washington D.C.'s Hotel Raleigh. It was incorporated in New York in 1936. The NFTC is the country's leading trade organization dealing with matters of international trade and international economic relations.

For a more complete history, see the agency history or linked finding aid.

From the description of Publications, 1930-1996. (Hagley Museum & Library). WorldCat record id: 164035834

The National Foreign Trade Council (NFTC) was established on May, 28 1914 by a resolution of the first National Foreign Trade Convention, during its proceedings at Washington D.C.'s Hotel Raleigh. It was incorporated in New York in 1936. The NFTC is the country's leading trade organization dealing with matters of international trade and international economic relations.

For a more complete history, see the agency history or linked finding aid.

From the description of Corporate records, 1936-1988. (Hagley Museum & Library). WorldCat record id: 123466438

The National Foreign Trade Council (NFTC) was established on May 28, 1914, by a resolution of the first National Foreign Trade Convention, during its proceedings at Washington D.C.'s Hotel Raleigh. In this resolution the convention, which met on May 27 and 28, 1914, called for the creation of a national organization "to coordinate the foreign trade activities of the nation." The convention appointed 35 delegates to serve as charter members of the NFTC, with James A. Farrell, then-President of U.S. Steel, the new organization's first chairman.

During the first phase of the NFTC's existence, from its founding in 1914 to its incorporation in New York as a membership corporation in 1936, the Council's activities were focused on organizing its annual convention and, increasingly, directly negotiating with foreign corporations and governments on behalf of member companies for repatriation of funds and for commercial funding agreements. Much of the Council's activity during this period was focused on Caribbean and Latin American trading partners

As part of its 1936 incorporation, the Council reorganized with a Board of Directors and a permanent, paid President responsible for "general direction of the Council, [and] all matters pertaining to finances and policy." In his capacity as CEO of the Council, the President also directed the Council's first permanent staff. The Board of Directors was comprised of executives of member companies elected annually by the membership, including in 1936, Gerard Swope (General Electric Co.); Fred I. Kent (Bankers Trust); Walter C. Teagle (Standard Oil Co.); James D. Mooney (General Motors Export Co.); George H. Bucher (Westinghouse); and seven other executives from leading American industrial and financial corporations with significant export interests. Eugene P. Thomas served as the first President of the Council (1932-1950).

The Council enlarged its activities significantly in the immediate pre-war period, consolidating with the American Manufacturers Export Association in 1936, and establishing its Captain Robert Dollar Memorial Award in 1937. This award, given annually at the NFTC annual convention, honors "..the most outstanding contribution towards the advancement of the foreign trade of our country" and was named for Captain Robert Dollar, a founding NFTC member and the owner of the Dollar Line, a pioneering international steamship company. Secretary of State Cordell Hull was the first recipient of the award in 1938, with successive awardees including government officials and leading industrialists and financiers.

By 1940, the NFTC had 516 member companies, and was increasingly active in the promotion of competitive trade policies based on principles of free enterprise and limited regulation. The activities of the Council were carried out largely through the establishment of committees concerned with specific regional trade or particular legislative or regulatory issues, and by the adoption of committee reports and recommendations by the Board. Committees were established by the Board of Directors according to the interests of the membership.

During World War II, the Council's activities were primarily focused on securing U.S. property held abroad and consulting with government agencies responsible for war production and foreign trade on behalf of its membership. Throughout the war, however, the NFTC continued to promulgate resolutions and recommendations emphasizing the primacy of free trade and competition as standards for any post-war normalization of international trade relations and treaties. Through its declarations, publications, and submissions to Congressional hearings and government conferences, the NFTC promoted simplification of regulations governing the export trade, and opposed trade barriers, the application of restraint of trade law to foreign enterprise by U.S. companies, and restrictive tariffs in general.

The NFTC's activities in the immediate post-war period were increasingly focused on post-war planning and problems related to the position of private enterprise during the post war economic transition. Council representatives and members took part in or advised on many of the most significant conferences and international agreements following the end of hostilities, including the Bretton Woods Agreements, the Rye Conference, the 1947-1948 United Nations International Trade Organization conference in Havana, the General Agreement on Tariffs and Trade (GATT), and the Marshall Plan. NFTC conference statements, committee proceedings, and publications in this period emphasize planning for the preservation of free enterprise and the deregulation of trade between friendly nations. The Council was also interested in influencing legislation and regulations concerning expropriated U.S. property in Germany and Soviet Union- occupied areas of Germany and Eastern Europe, and with relaxing restrictions on business travel to formerly hostile areas, Europe, and the Western Pacific.

As a result of the dramatic increase in the scope and influence of its work in the post-war environment, the Council expanded its permanent staff structure and merged with smaller organizations, establishing a new territorial division in 1948 through the absorption of the Council for Inter-American Cooperation. The NFTC also planned, but never consummated, a merger with the Far East-America Council. The Council also worked extensively with other trade organizations in attempts to coordinate policy positions and legislative initiatives. Council directors were also members of such organizations as the U.S. Chamber of Commerce, N.A.M., the American Maritime Council, and Nelson Rockefeller's U.S. Council of International Economic Policy, among others.

Throughout this period the Council continued to hold its annual convention, but also increased the scope of its publication and information services to members, issuing large numbers of memoranda, bulletins, regional periodicals and digests of business news on particular issues or areas related to international trade. Council staff and members were increasingly involved in government liaison, including testimony before Congress and lobbying of administration officials.

The Council continued to be an influential voice in US international trade and investment throughout the 1950s and 1960s, issuing statements and testifying before Congressional hearings on the fullest range of US foreign trade policies, including taxation of foreign earnings, GATT, immigration policy, and the protection of US business interests in revolutionary regimes. The Council continued to issue frequent and voluminous reports on trade policies and other legislative and political developments with trading partners across the globe. Council initiatives in the 1970s and 1980s included promotion of the economic benefits of multinational corporations to home countries and involvement in US and international legislation and agreements regulating the activities of global and trans-national companies; reporting on the impact of U.S. tax reform on American expatriates and business interests; development of regulations proposed in response to the depreciation of the dollar; the OPEC boycott and many other issues.

From the 1990s, the Council continued to take a leading role in representing US business interests in the global economy. In 1997, the NFTC was instrumental in the founding of USA*Engage, a coalition of business interests including the National Association of Manufacturers and the American Petroleum Institute, opposed to unilateral sanctions against foreign regimes. This organization has focused on US government trade policy relating to Myanmar, Sudan, Iran and other nations accused of permitting or promoting human rights violations. Other recent policy initiatives include lobbying in support of the Central American Free-Trade Agreement (CAFTA) through the Hispanic Alliance for Free Trade, an umbrella group organized by the NFTC; support of United States business interests in South Africa through its sponsorship of the US South Africa Business Council; continued representation of American export business interests at the World Trade Organization's Doha round of negotiations. Through its Human Resources initiative, the Council has explored issues surrounding the human resource management of global business interests, particularly compensation and benefits for mobile executives and relocated employees of US companies.

From the description of Agency history record. (Hagley Museum & Library). WorldCat record id: 650090860

Relation Name
associatedWith Abbink, John, 1890-1958. person
associatedWith Abel, I. W. 1908-1987. person
associatedWith Aiken, John, 1912-1962. person
associatedWith Austin, J. Paul 1915-1985 person
associatedWith Baldrige, Malcolm, 1922-1987 person
associatedWith Baldwin, William H. person
associatedWith Balgooyen, Henry W. 1906-1994. person
associatedWith Bechtel, Stephen Davison. 1900-1989. person
associatedWith Blackie, William, 1906-1996. person
associatedWith Brady, Joseph B., 1913-1966. person
associatedWith Brock, William Emerson, 1930- person
associatedWith Businesspeople person
associatedWith Canada. 1988 Jan. 2. corporateBody
associatedWith China. 1946 Nov. 4. corporateBody
associatedWith Christopher, Warren. person
associatedWith Clausen, A. W. person
associatedWith Clayton, Will, 1880-1966 person
associatedWith Dixson, Robert J. 1907-1989. person
associatedWith Dobrynin, Anatoly Fedorovich, 1919- person
associatedWith Du Pont (China), Inc. corporateBody
associatedWith European Economic Community. corporateBody
associatedWith European Free Trade Association. corporateBody
associatedWith Export-Import Bank of the United States. corporateBody
associatedWith Farley, James Aloysius, 1888-1976 person
associatedWith Farrell, James A. 1863-1943 person
associatedWith Farrell, James A. 1901- person
associatedWith Fluor, J. Robert, 1921- person
associatedWith General Agreement on Tariffs and Trade (Organization). corporateBody
associatedWith Goldmark, Francis M. person
associatedWith Gore, Carter L., 1935- . person
associatedWith Grace, J. Peter (Joseph Peter) person
associatedWith Heatherington, Donald F., 1915- person
associatedWith Herod, W. Rogers (William Rogers), 1898-1974. person
associatedWith Herter, Christian Archibald, 1895-1966 person
associatedWith Hoffman, Paul G. 1891-1974. person
associatedWith Hoglund, Elis S., 1898-1978. person
associatedWith Holman, Eugene, b. 1895 person
associatedWith Hull, Cordell, 1871-1955. person
associatedWith Inter-American Council of Commerce and Production. corporateBody
associatedWith Inter-American Development Bank. corporateBody
associatedWith International Bank for Reconstruction and Development. corporateBody
associatedWith International Chamber of Commerce. corporateBody
associatedWith International Development Association. corporateBody
associatedWith International Farm Youth Exchange. corporateBody
associatedWith International Finance Corporation. corporateBody
associatedWith International Monetary Fund. corporateBody
associatedWith International Trade Organization. corporateBody
associatedWith Javits, Jacob K. 1904-1986. person
associatedWith Johnston, Eric A. 1895-1963. person
associatedWith Jones, Reginald H. 1917-2003 person
associatedWith Kearns, Henry 1911-1985. person
associatedWith Kent, Fred I., 1869-1954 person
associatedWith Knox, William E. 1901-1978. person
associatedWith Linder, Harold F. person
associatedWith Loree, Robert F. person
associatedWith Marshall Plan. corporateBody
associatedWith McCoy, Charles Brelsford, 1909-1995. person
associatedWith Moore, George S. 1905- person
associatedWith Morita, Akio, 1921-1999. person
associatedWith National Foreign Trade Convention. corporateBody
associatedWith Norris, Robert M. 1910-1982. person
associatedWith Northrup, Herbert Roof, 1918- person
associatedWith Organisation for Economic Co-operation and Development. corporateBody
associatedWith Organisation for European Economic Co-operation. corporateBody
associatedWith Organization of American States. corporateBody
associatedWith Organization of Petroleum Exporting Countries. corporateBody
associatedWith Overseas Private Investment Corporation. corporateBody
associatedWith Panama. 1977 Sept. 7 (Treaty Concerning the Permanent Neutrality and Operation of the Panama Canal). corporateBody
associatedWith Peterson, Rudolph A. 1904-2003. person
associatedWith Quirk, John, 1907?-1963. person
associatedWith Randall, Clarence B. 1891-1967. person
associatedWith Reed, Philip D. (Philip Dunham) 1899-1989. person
associatedWith Riley, Edward, 1894-1962. person
associatedWith Roberts, Richard W. 1928- . person
associatedWith Rockefeller, David, 1915- person
associatedWith Roosevelt, Franklin D. 1914-1988. person
associatedWith Schaffner, Hans, 1908-2004. person
associatedWith Seawell, William T. 1918-2005. person
associatedWith Shapiro, Irving S. person
associatedWith Sheperd, Howard C. 1894-1980. person
associatedWith Shultz, George Pratt, 1920- person
associatedWith Simon, William E., 1927-2000. person
associatedWith Spaak, Fernand. person
associatedWith Swingle, William S., 1891-1973. person
associatedWith Thomas, Eugene P. d. 1950. person
associatedWith Trippe, J. T. 1899-1981 person
associatedWith United Nations. corporateBody
associatedWith United Nations. Commission on Transnational Corporations. corporateBody
associatedWith United Nations Conference on the Law of the Sea. corporateBody
associatedWith United Nations Conference on Trade and Employment (1947-1948 : Havana, Cuba). corporateBody
associatedWith United Nations. Economic Commission for Africa. corporateBody
associatedWith United Nations. Economic Commission for Asia and the Far East. corporateBody
associatedWith United Nations. General Assembly. corporateBody
associatedWith United Nations Monetary and Financial Conference (1944 : Bretton Woods, N.H.). corporateBody
associatedWith United States. corporateBody
associatedWith United States. Agency for International Development. corporateBody
associatedWith United States Council for International Business. corporateBody
associatedWith United States. Dept. of State. Advisory Committee on Transnational Corporations. corporateBody
associatedWith United States. Economic Cooperation Administration. corporateBody
associatedWith United States. International Cooperation Administration. corporateBody
associatedWith United States. International Development Advisory Board. corporateBody
associatedWith United States. President's Advisory Committee on the Merchant Marine. corporateBody
associatedWith Vernon, Raymond, 1913- person
associatedWith Watson, Thomas J., 1914-1993 person
associatedWith Watson, Thomas John, 1874-1956 person
associatedWith Waugh, Samuel C. 1890-1970 person
associatedWith Welles, Sumner, 1892-1961 person
associatedWith Wilson, T. A. 1921-1999. person
associatedWith Wolf, George W. 1892-1962. person
associatedWith World Bank. corporateBody
associatedWith World Intellectual Property Organization. corporateBody
associatedWith World Trade Organization. corporateBody
associatedWith Wriston, Walter B. person
Place Name Admin Code Country
Saudi Arabia
Cuba
Africa
India
United States--Foreign income
United States
Latin America
China
Latin America
United States
Europe, Eastern
Africa
United States
South Africa
Europe
United States
Suez Canal (Egypt)
Turkey
Vietnam
Cuba
United States
Japan
Argentina
Latin America
Cuba
Developing countries
South Africa
Developing countries
Communist countries
South America
China
Vietnam
India
United States
China
Germany
Developing countries
Subject
Maritime law
Antidumping duties
International business enterprises--Corrupt practices
Japan--Foreign economic relations
International law
International economic relations
Favored nation clause
Inflation (Finance)
Foreign exchange
East--West trade
Consumer price indexes
Restraint of trade
Nuclear energy--Government policy
Travel restrictions
Enemy property
Economic assistance
Price regulation
Tariff
Rationing
Balance of payments
Corruption
International trade
International business enterprises
Value-added tax
Merchant marine
Emigration and immigration law
Double taxation--Treaties
Businesspeople--Biography
Eminent domain (International law)
International trade--Congresses
Devaluation of currency
Export credit
Reconstruction (1939-1951)
Exterritoriality
Corporations--Corrupt practices
Blacklists, Commercial
International business enterprises--Political aspects
Technology transfer
Income tax--Foreign income
Export credit insurance
Free ports and zones
Investments, foreign--Taxation
International agencies
Income tax
Export controls
Embargo
United States--Foreign relations
Industrialists--Biography
Cost and standard of living
Free trade
Postcolonialism--Economic aspects
Taxation
Trade associations
Foreign exchange rates
Excess profits tax
Countertrade
Protectionism
Trading with the enemy
Economic development
Marine resources--Government policy
Investments, foreign
Foreign tax credit
Economic sanctions
Surplus agricultural commodities
Inter--American conferences
Reciprocity (Commerce)
Commercial policy
Debts, External
Trade associations--Awards
Occupation
Function

Corporate Body

Active 1918

Active 1987

Information

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