Page:Documents from the Den of Espionage.djvu/4

 SECRET

OECD: Share of World Commodity Exports Shipped to Iran, 1977

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percent of its textiles exports. Japan will probably more than make up losses from a cutback in Iranian modernization by switching to China as a major market for Iran and steel exports (U)

In 1977-78 the Japanese received $1.1 billion in reported contracts from Iran; $450 million were for power-related projects and $120 million for construction of industrial facilities. The large Bandar Shahpur petrochemical complex being built by Japanese firms is not threatened by cancellation so far. Japan is anxious to negotiate a