Pages 40-42 from FCO 177-1357

The document presents a UK paper discussing the possible basis for an agreement on the end of COCOM (Coordinating Committee for Multilateral Export Controls) and the establishment of new arrangements for trade in sensitive dual-use goods and transfers of armaments. It highlights the changed strategic circumstances after the Cold War and the need for greater transparency and responsibility in trade. The new arrangements aim to complement existing international regimes for weapons of mass destruction and promote transparency in conventional arms transfers. The paper suggests maintaining national export controls on agreed lists of military and dual-use items and exchanging information and consultations among participating governments. It emphasizes that the arrangements are not directed against any specific state or impede legitimate civil transactions or the right of states to self-defense. The document concludes with distribution information.