Recent Soviet press statements reflect a growing conviction that the emerging 'Pacific Century' has important implications for the USSR. While seemingly downgrading the military component of Soviet Far East presence, Soviet leaders are contemplating various unprecedented measures. Among them are the creation of 'free economic zones; and the opening of several ports, including Vladivostok. This memorandum assesses the status of these developments, discusses some of their implications, and examines the possible nature of economic activity in the zones and potential sites for them. Also briefly noted are new trends in Soviet economic thinking. International trade.