Word: exportability
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Dates: during 1970-1979
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...signed a private trade agreement worth $20 billion: China will export oil to Japan in exchange for Japanese steel and factories. In a ceremony last month at Peking's Great Hall of the People, Teng attended the signing of a seven-year, $13.5 billion trade and cooperation agreement with France Its projects include French help in developing Chinese telecommunications satellites and TV broadcasting, the modernization and extension of a steel complex, and the construction of power stations, a magnesium plant and other facilities. Most important, France landed an order for two 900-megawatt nuclear power plants at nearly $1 billion...
Clark is only one of many small, imaginative entrepreneurs who are successfully pushing a wide variety of U.S. exports. Hurdling problems of language, complex export red tape and trade barriers that have daunted bigger U.S. businessmen, the new entrepreneurs are shipping some unusual products abroad...
...dollar, which has unsettled Europe's money and hurt E.C. economies. Every time the dollar dropped against the strong German mark, it also dropped-less so-against most of Europe's other, not-so-strong currencies. This caused annoying changes in the exchange rates between countries. Export trade was slowed because businessmen had to calculate and recalculate prices, and multinational companies postponed transborder E.C. investments because they could not forecast investment returns easily in their own currency...
Second, Killeen continues, give companies plenty of incentive to expand and export. Those settling in Ireland get government cash grants for building, training, research. Export profits are taxfree. Taxes on domestic profits are reduced from the normal 54% to 25% for companies that expand and create jobs. Says Killeen in his light brogue: "Corporate taxes in Ireland have been insignificant because, until recently, we didn't have much...
Because they put such a priority on enterprise, the Irish people will enjoy some unusual gifts this Christmas. Jobs are being created so fast that the 150-year-old hemorrhage of forced emigration has been stopped; no longer can it be said that Ireland's greatest export is men. The population is rising for the first time in modern history. Irishmen are returning home from distant lands. And a most remarkable development is occurring: at current growth rates, the Irish standard of living-based on production per capita-in 1980 will surpass that of once mighty Britain...