Word: exportable
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Dates: during 1950-1959
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...Within this vast single market, customs duties for coal & steel will be abolished. So will differential freight charges (i.e., cheaper rates for export over domestic markets). Inefficient mines and mills will be closed. This will apply particularly to Belgium, where a protective tariff has kept alive a number of sub-par enterprises. Within five years Belgian coal production will decline from 28 million to 23 million tons; owners of doomed mines will be compensated from an "equalization fund" contributed mainly by France and Germany; and the Belgian coal price, now 55% higher than the German, will fall to the single...
...presence of President Gabriel Gonzalez Videla and U.S. Ambassador Claude G. Bowers, Chile last week formally inaugurated its $88 million Huachipato steel plant, second largest in Latin America. Built with the help of a $48 million U.S. Export-Import Bank loan, the mill is the key unit in Chile's industrialization drive. Since its ultimate annual output of 350,000 tons is three times Chile's present needs, the plant will be able to help supply the needs of Chile's neighbors, will be of great strategic value in time...
...export controls and other restrictions, the U.S. thought that it had staunched the flow of strategic materials into Communist China and Iron Curtain countries. But last week Maryland's Democratic Senator Herbert O'Conor, who has been looking into Far Eastern shipping (TIME, Oct. 30), found that the ban on such exports was about as effective as a sieve...
...tons of materials useful in war-steel products, scrap rubber, transformers, motors, fire engines-had been carried to China from U.S. ports and from occupied Japan. Most of the shipments, O'Conor pointed out, were technically legal, since many of the products were not specifically banned for export. But some shipments, even though legal, were plain dodges of U.S. and Japanese export controls...
When the Shah of Iran visited the U.S. last year, he got a royal welcome that laid the groundwork for a $25 million Export-Import Bank loan. Day by day, through an Iran relay station, the Voice of America beamed an account of the Shah's glad-hand tour. When the Shah returned to his country he decided to continue the Voice relays. For 15 minutes daily since then, the Voice has been heard from the Teheran medium-wave station. Last week the Shah's government silenced the VOA relay broadcasts. The order came a few days after...