Word: embargoing
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...welcome. The decision by the company to make a significant move into the U.S. comes at a sensitive time. The U.S. is still smarting over French and German opposition to the war in Iraq, and Washington is angry about the European Union's intention to lift an embargo on arms sales to China. (EADS is controlled 30% by Germany's DaimlerChrysler, 30% by SOGEADE--half owned by the French government--and 5% by the Spanish state holding company; 35% is publicly traded.) EADS is also the parent of Airbus, the jetmaker that has been squabbling ad nauseam with Boeing over...
...Nobody has said we are going to lift the embargo for free. It would require an important concrete step to be taken by the Chinese." ANNALISA GIANNELLA, representative for European Union chief diplomat Javier Solana, stating that the E.U. will not lift its embargo on arms sales to China unless Beijing improves its record on human rights...
...Reagan set a chilly tone. The Soviets, he said, "reserve unto themselves the right to commit any crime, to lie, to cheat" in pursuit of world domination. Only three months later, the President adopted a pragmatic course that belied his hostile words: he lifted the ineffective grain embargo that Jimmy Carter had imposed on Soviet trade after the 1979 invasion of Afghanistan. Ever since, the Administration's policy toward the Soviet Union has had a typically Reaganesque twist: harsh ideological rhetoric tempered by moves rooted in an emerging realism. The inconsistency has caused relations between the two superpowers to blow...
Before its 1982 war with Britain over the Falkland Islands, Argentina shipped corned beef, lumber and other goods worth more than $133 million annually to the United Kingdom. But since the war, a British embargo on Argentine imports has outlawed trade between the nations. Last week, as he embarked on a three-day visit to Brazil, Foreign Secretary Sir Geoffrey Howe told the House of Commons that Britain had decided unilaterally to lift the trade embargo. Howe, whose announcement coincided with the anniversary of last year's unsuccessful efforts to renew relations with Argentina, urged the government of President Raśl...
...Despite the embargo, China is still the world's biggest weapons importer as its military hustles to modernize-over $13 billion worth between 1999 and 2004, mostly from Russia, according to the Stockholm International Peace Research Institute. Can Europe sell China what it wants while still satisfying the U.S.? Last week, British M.P.s suggested that a new E.U. code of conduct being developed to replace the embargo might break the transatlantic impasse if it gave "absolute assurances ... that there will be no qualitative or quantitative increase in arms exports to China and that sensitive technologies will not be transferred." What...