Word: exportability
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...reduction of the deficit suggests that the 40% fall in the value of the dollar against major industrial currencies over the past three years, which has made U.S. exports less expensive in foreign countries, is at last having a substantial impact. Among the products selling particularly well in overseas markets: aircraft, office equipment and telecommunications gear. Says U.S. Trade Representative Clayton Yeutter: "The lower dollar has thrown open doors that were closed to American exporters for much of the decade." Says Robert Ortner, an Under Secretary for Economic Affairs at the Commerce Department: "This is a genuine export boom...
Meanwhile, imports continue to rise, even though the decline of the dollar has made foreign goods more costly in the U.S. One reason: the export surge has encouraged American industry to go on a binge of investment in new equipment, much of it imported. In 1982 foreigners filled 14% of U.S. capital- goods orders, excluding automotive equipment. For the first three months of this year, that share rose...
...particular, Reagan objected to the plant-closing requirement, as well as provisions restricting the export of Alaskan oil. White House spokesman Marlin Fitzwater said the president would sign a new bill that deleted both sections...
...water is believed to have been shipped to Switzerland before being passed on to India, which is thought to be thirsty for deuterium oxide for its two reactors and four nuclear power plants. Norway will not export heavy water to India because that country has not signed the 1968 Treaty on Nonproliferation of Nuclear Weapons. Asked about the missing liquid, Indian Prime Minister Rajiv Gandhi said, "We have got enough heavy water of our own. We don't need to get it from outside...
Some American companies have found ways around the currency problem. PepsiCo, which plans to build two Pizza Hut shops in Moscow later this year, will accept rubles at one outlet and collect foreign currencies at another one, in a tourist neighborhood. Occidental, on the other hand, will export 25% of the plastics produced in its Soviet factories for sale in Western Europe and other markets...