Word: exportable
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Dates: during 1950-1959
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Machine guns, mortars, napalm bombs and even jet planes were to be bought through the import-export firm...
...means efforts to increase trade with the Soviet bloc. Britons can see no reason why they should not sell rubber, trawlers or antibiotics to the East, when the Communist countries are already buying them from other nations (rubber from Indonesia, trawlers from Denmark and antibiotics from France). Commented one export manager bitterly: "Last year we played ball with the United Nations and lost $180 million in business with China and Russia. So what happened? Our European friends got the business, and we got the blame." Said a Foreign Office economist: "Marginal, rational readjustments [in East-West restriction...
...Germany and other European nations, well along the road to recovery, are back in the market. As a result, Brazil's store of coffee for export has dropped to 7,600,000 bags v. 10,200,000 bags at the same time last year. In another few years, as new and bigger plantations come into production, the coffee shortage will probably ease. But until then, Americans can expect to pay more...
Even three years ago, Japan's prices were high on the world market, partly because it could not buy cheap raw materials from China. Today, inflation has boosted Japan's internal prices 59%, and raised its export prices accordingly. As a result, exports are down; imports, mainly consumer goods paid for in U.S. procurement dollars, are up. And last week Japanese businessmen learned that in 1953, for the first time since 1949, U.S. spending had failed to cover the big export-import deficit...
...Brazil cleared up the last of its $425 million U.S. commercial-debt backlog as Finance Minister Oswaldo Aranha's policy of ruthlessly cutting imports-powerfully aided by the coffee boom and a $300 million U.S. Export-Import Bank loan-began to pay off fast. Aranha also struck a deal to settle Brazil's ?54 million arrears to Britain. Terms: ?10 million to be paid at once, the balance in annual payments of at least ?6 million...