Word: exportable
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Dates: during 1960-1969
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...first, Castiella finally accepted a five-year extension. The price: "military assistance" to the Spanish armed forces and a pledge from Rusk of $100 million in development aid from the Export-Import Bank...
...Common Market is prospering so much that nearly everybody wants in. Spain, Sweden and Austria are knocking at the club's door. Israel and Iran are negotiating a trade pact with Europe's Six. In Africa, 18 former French, Belgian and Italian colonies recently signed an export-boosting treaty with the Market. Last week, in the first break away from the solid ranks of the British Commonwealth nations, Nigeria asked the Six to consider some kind of association with it. Many Common Marketeers favor the bid from black Africa's biggest nation (pop. some 45 million), believing...
...Turkey will be by far the Market's poorest sister. Two-thirds of its 30 million people are illiterate, more than 10% of its work force is unemployed, and per capita income averages $200. Foreign trade, which swings around agriculture, is in chronic deficit. This year Turkey will export $370 million-mostly in aromatic tobacco, cotton, hazelnuts, sultana raisins and Smyrna figs-but its imports will amount to $640 million, largely in machinery. With its population growing by 1,000,000 a year, while its capital markets remain skeleton-thin because of a lack of personal savings, Turkey sorely...
...acre plant, and at Kassel 2,500 workers are bustling to complete another 1,400-acre plant. Now Volkswagen has decided to build a fifth plant at the North Sea port of Emden, where the projected output of 500 autos a day will be used solely for export. Construction begins next month...
Taking a tip from pizazz-minded Detroit, Nordhoff has also brought out a 15005, which has more chrome trim than the standard 1500 and a 66-h.p. engine (v. the standard's 54 h.p.). So far, Nordhoff has not shipped any of the bigger Volkswagens to his best export market, the U.S.-though some have been brought in by returning tourists. He is in no hurry. Even without the new model, Volkswagen's sales in the U.S. rose 25% in 1963's first half, to 121,884 cars. Besides, demand for the 1500 is so great elsewhere...