Word: exportability
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Trade Without Treaty. Siberian development is only part of the broadening trade between Japanese eager to export consumer goods and know-how and Russians avid for capital and technical advice. Japan's trade with Russia doubled last year to $610 million and reached $500 million for the first seven months of this year. Not even the fact that the two nations, which dispute ownership of small islands lying between northernmost Japan and the Russian-held Kuriles, have still not signed a World War II peace treaty seems to slow down the economic get-together. One reason for this...
Many shipowners agree with President Manuel Diaz of American Export Isbrandtsen Lines that the Soviet fleet is a "very real threat." Since the Soviet government need not show a profit on its ships, goes the argument, Communist ships could easily cut rates and drive free-world ships out of business. For their part, the Russians say that they are anxious to join the rate-setting conferences that they once condemned as "capitalist cartels." "I see no reason why we should not operate like other shipping men," says George Maslov, London-based boss of Russia's Anglo-Soviet Shipping...
...quietly advising some ex-sisal farmers that they can have their plantations back. The government has decided that it is better, after all, for the individual entrepreneur to lose money than for it to take a beating in its budget. Sisal used to be Tanzania's largest export earner: it brought in $61 million as recently as 1964. With slipping prices, the fibers accounted for only $36 million by 1967. Even at that, Tanzania has admitted that it has been losing $17 on every ton of sisal sold...
...seven months in 1966 before stepping down to enter business. "I felt that in commerce," he explains, "I could make a real contribution to national development." Owner of one of the finest libraries on Africana in Kenya, Murumbi is chairman of a large sugar refinery, a Nairobi-based export-import firm, and an advertising agency that promotes, among other things, African trade abroad...
...cabbage requested by telephone in the dead of night. It can find the Scottish piper wanted to pipe in the haggis or hire the entire regimental band of the Coldstream Guards; it can arrange a 1,000-guest party or a richly refined funeral. The store's export department, which grossed over $7 million last year, has sent gooseberries to Saudi Arabia, fresh flowers for a wedding in Nigeria and smoked kippers to a homesick Englishman in Ceylon...