Word: arabism
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Dates: during 1970-1979
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Every U.S. company that does business with the Arab world-and just about every significant corporation does -faces a dilemma. It must comply with Arab laws. But one of those laws is that a business must refuse to deal with companies that in any way aid Israel's economic development. This Arab boycott adds up to a type of discrimination that President Ford has condemned. So what is a company...
...response, Bechtel admitted it is indeed complying with the boycott but denied it is restraining competition because the goods or services of blacklisted firms would not be allowed into Arab countries anyway. In addition, Bechtel contends that the Justice Department is seeking to broaden illegally the Sherman Act to include foreign or political boycotts, as well as domestic restraints of trade. Most compellingly, the company argues that the Government itself is complying with the boycott. Specifically, Bechtel said several U.S. agencies, most notably the Army Corps of Engineers and the U.S. Geological Survey, when working in Arab countries, have "engaged...
...charge drew an embarrassed "no comment" from the agencies involved. But, says Bechtel Corp. President George P. Shultz-who until 1974 was Secretary of the Treasury-the fact that the Government agencies work in the Middle East indicates that "they must be complying with the Arab boycott." In its court papers, Bechtel asserts that the acts of these agencies "are as much a declaration of law and policy" as the Justice Department suit. The next step is hearings in a federal district court in San Francisco, which every U.S. company-not to mention Government agencies and Jewish organizations-will watch...
...been even more clearly defined. He is now closer to Moscow's enemies both on the right (the U.S.) and on the left (China). The agreement, which after the break with Russia again allies Egypt with a Communist giant, could also make Sadat somewhat more palatable to the Arab left...
Major Foothold. China may benefit even more. The pact with Egypt provides a long-sought, major foothold for Peking in the Arab world. China has wanted to extend its influence into the Mediterranean for at least a decade. Until now its advances to the Arabs have been rebuffed, at least partly by Saudi Arabian suspicions of Communists and Egypt's need, in the face of massive Israeli military superiority, to acquire Soviet weapons technology. Concludes TIME Hong Kong Correspondent David Aikman: "In Peking, there must be only smiles. China has replaced Moscow as Egypt's ally...