Word: exportable
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Dates: during 1950-1959
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...years, Japan, helped by 350 aid agreements with the U.S., has raised its world export position from 17th to eighth place. By the end of Japan's fiscal year next March, exports, already 50% ahead of last year in dollar .areas, are expected to hit $2.5 billion. Textiles still make up the bulk, but heavy machinery constitutes 31% of the total...
...export drive is hampered by Japan's limited railroad and trucking facilities. A million and a half tons of goods are now piled up at railroad sidings waiting shipment to docks. To break such bottlenecks and broaden its export base, Japan will import 1,300,000 tons of steel...
...Britain is in no such happy position. It feels it should have between $4 billion and $5 billion in gold and dollar reserves before the pound is strong enough for convertibility. In Britain's economy, beset by inflation, imports have risen more than exports, until gold and dollar reserves have slipped from $3 billion in 1954 to $2.2 billion this year. They may dip lower if the Suez crisis forces Britain to buy oil from the dollar area. To right the balance, West Germany argues that Britain should devalue its pound, thus make British goods more attractive for export...
...January. Most notable development: Chairman Eisenhower's promise that the U.S. will join in a plan to train Latin Americans in atomic-energy techniques at the Spanish-language University of Puerto Rico. But the atom's promise lies some years ahead. As the supercommittee deliberated, the U.S. Export-Import Bank met one of Latin America's most urgent needs by lending $100 million to Argentina, where the rail and highway system is near the breakdown point for lack of locomotives and trucks...
...party of top industrialists, including some from the huge Montecatini chemical group and the Farmitalia agricultural implements combine. They closed $15 million in contracts for the sale of fertilizer, rayon and other nonstrategic items. Regally received by Mao Tse-tung and Chou Enlai, Gentili himself won agreements for the export of strategic metals, machinery and tractors -if and when Italy lifts her embargo on strategic exports to China. Gentili is now busily lining up export-hungry Italian businessmen to try to do just that...