Word: exportable
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Dates: during 1950-1959
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Until last Thursday special licenses from the Department of Foreign Commerce were required to export Easter egg dye, hair tonic, dentures, and baby bibs to the Soviet Union. these and 700 other significant non-strategic commodities are now absolved from the licensing requirement and may be freely shipped to the Soviet bloc by American traders. By this action the Administration is attempting to pacify domestic exporters and foreign especially British, critics who have been charging the U.S. with obstructing world trade and have been agitating for increased U.S. commercial relations with Russia...
...Administration's condescension cannot pass as a real attempt to increase the volume of this country's trade with the Soviet bloc. Non-strategic goods previously requiring licenses for export were granted them almost automatically. No shortening of the "strategic" list has occurred. Commerce Secretary Weeks states that the action is a step towards meeting President Eisenhower's Geneva objective, "to create conditions which will encourage nations to increase the exchange of peaceful goods throughout the world." But the little progress that the new change will make is, as U.S. exports claim, actually infinitesimal...
...sources of raw materials. In addition, cooperative economic aid activity in Western Europe would bind even more closely together the countries of the North Atlantic area, enhancing that solidarity which is the most potent obstacle to Red political inroads in Western Europe. It might also reduce the fierce export rivalries between the nations of Western Europe...
NATO might meet with some difficulty in executing its economic role. Non-Atlantic nations might find it difficult accepting aid from a previously military defense region. Previously mentioned export rivalries might also prove obstructive. These must be overcome...
First, Macmillan rehearsed the melancholy facts beneath Britain's hectic prosperity-the rising prices at home, the declining exports abroad, the dwindling gold and dollar reserves as imports soared. "The economy is still running at a very high level,'' he said, but "there is really no future in importing extra materials that we cannot afford, in order to turn them into extra goods that we do not export.'' Like workers in a candy factory...