Word: exportability
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Thus when Soviet officials dropped new hints about buying banned equipment from Toshiba Machine in 1979 and 1980, the Japanese company's president ordered his export sales manager to "do what had to be done to get the business," the report says. That launched more than a year of globe hopping and clandestine meetings between Toshiba executives and Soviet officials, who eventually hatched a scheme to slip altered equipment past Japan's export watchdog, the Ministry of International Trade and Industry...
...more important reaction to the foreign buyathon would be for Americans to adopt healthier economic habits. Those especially include a concentration on selling more exports and a curbing of the appetite for foreign goods, particularly luxury consumer items. Even there, the current bargain-basement sale of U.S. assets may eventually prove to be of some help. Quick to recognize the export advantages of the weak U.S. dollar, for example, the new management at Hoechst Celanese has already decided to move some chemical production from West German factories to American ones. At the same time, new managers like Sir Gordon White...
...officials are worried about more than Noriega's alleged drug dealing. Customs agents say they have identified more than 75 Cuban and Soviet-bloc front companies apparently using Panama to circumvent restrictions on the export of American high technology. Every month, they say, tens of millions of dollars worth of restricted U.S. technology goes to Panama, far beyond that nation's modest needs. Customs Commissioner William von Raab says he believes Noriega "is a beneficiary of the activities of these ((front)) companies." Major Florentino Aspillaga, a senior Cuban intelligence officer who defected to the West this summer, has charged that...
Last week Iraqi oil flowed into new lines through Turkey to the Mediterranean port of Iskenderun, boosting export capacity from 1 million bbl. of oil a day to 1.5 million bbl. In April, Saudi Arabia increased the volume of Petroline, its four-year-old link between Saudi and Iraqi oil fields and the Red Sea port of Yanbu, from 1.8 million bbl. to 3.2 million bbl. In addition, plans are under way for a $2 billion Iraqi line, called IPSA-2, capable of carrying 1.6 million bbl. to Yanbu...
Though Saudi Arabia's Petroline cost as much as $5 billion, the network equips the kingdom with the best hedge that money can buy against a possible closing of the gulf. With pipeline access to the Red Sea for shipping its oil, Saudi Arabia can avoid an export shutdown caused by the tanker war and is better equipped to withstand any pressure to fall in line with policies pushed by Iran...