Word: exportability
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...urged that Washington and Moscow embark on a "common endeavor" toward peaceful cooperation. In New York six weeks later, he went further, describing "a reconciliation with the East" as "one of the great unfinished tasks of our generation." Since then, the President has eased trade restrictions on the export of more than 400 nonstrategic items to Eastern Europe, approved the opening of a Moscow-New York air route, put discreet pressure on congressional leaders to approve a long-pending agreement to open consular offices in selected U.S. and Soviet cities, and authorized the exchange of weather information with the Russians...
...terms of British membership might have cut off Australia's biggest export market. Since then, Japan has become a major outlet for Australian wool, and Red China a major purchaser of Australian wheat. Australia was a leader in founding the Asia Development Bank (which will elect its first president and board of directors this week in Tokyo), and has broadly liberalized its immigration laws to permit easier Asian entry into a society that was once nearly 100% British. At present, more than 14,000 Asian students are studying at Australian universities...
...stimulate sales abroad, government agencies have stepped up export credits and insurance, have even begun to lend money to importers of French goods. France sees a great market in Russia. Last week Debre jetted to Moscow in hopes of putting some spunk into the two-year-old Franco-Soviet trade pact; the Russians had promised to buy $345 million worth of French goods this year, but as of October had ordered only $250 million worth...
Yankee, Come In. Most important for the U.S., the Gaullists continue to relax their old policy of discouraging foreign investments. Debre has learned that if France excludes them, U.S. companies will plant branches in other Common Market countries and then export freely to France (TIME, April 1). The Gaullists also have come to believe -after years of chauvinistic doubt-that U.S. capital and technology can benefit French industry. When Motorola offered to develop a semiconductor industry and invest generously in research, Debre gave the company permission to build a multi-million-dollar plant in Toulouse. Now General Electric...
Since 1949, under the Export Control Act passed to keep strategic goods out of possibly unfriendly hands, U.S. businessmen who wanted to trade with Communist nations had to obtain special licenses to ship even such seemingly nonstrategic items as breakfast cereal and suspenders. Last month, however, in an effort to build better trade relations, president Johnson relaxed many of the barriers. Such definitely hostile nations as North Viet Nam, North Korea and Cuba remain on a no-trade list; but for others like Russia, Hungary and Czechoslovakia, restrictions have been eased. Off the license list came more than 400 items...