Word: exportability
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...that they are all women. One of them, Mrs. Tran Thai Muor, is vice president of the Saigon Chamber of Commerce. Another, Miss Bich Tuy Truong Thi, is general manager of Socipha, a drug manufacturing house. Others are involved in retail selling, manufacturing, pharmacetuicals, chemicals and textiles, import-export business...
...million in annual trade, the U.S. further trimmed its rates on semifinished aluminum products, tomato paste, small tobacco items and eyeglass frames, got lower tariffs for U.S.-made TV tubes in return. The Danes' dander rose over the tariff on live beef, which is an important Danish export. In retaliation, Danish negotiators tacked "reservations" onto their commitment to cut passenger-car tariffs 50%, will likely stand fast on a token 20% reduction...
Alarmed by the trend, other Europeans charge that the Italian government unfairly aids manufacturers by allowing quick write-offs on their automated machinery and by handing back more in export rebates than it takes out in turnover taxes. France, when the Italians suddenly grabbed 221% of its refrigerator market in 1962, complained that Italy was exploiting sweatshop labor. It thus won Common Market permission to impose a "compensatory" tax on such imports while French industry modernized to meet the competition. After the tax was repealed, the French tried raising import duties and imposing inordinately rigid border inspections in vain efforts...
Victory brought an outpouring of happier copy. "Capture the excitement of our victories," said one ad, "on Kodak colour film." Read another: "The Tiran Straits are open! And the export of C.D. Edible Oil resumed." A brewery ad pictured Israeli Actor Mike Burstein in uniform pouring a glass of "Beer -a drink to victory...
Tobacco, the country's leading export, is not finding a market. Reason: Britain absorbed 60% of the value of crops in the pre-sanction days, but since then the leaves have had to be stashed in warehouses. Sales have plummeted to 120 million pounds, 140 million less than a year earlier, and no buyers have been found to take the surplus. Recently, the heavy-smoking French assured London that none of the tobacco would enter that country...