Word: exportable
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Dates: during 1990-1999
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Among the hardest hit are American rice growers. Iraq bought about $143 million worth of the staple from the U.S. in fiscal 1989 -- or 25% of the U.S. export total. The embargo came as painful news for producers, since world prices for rice had fallen 28% during the previous year. Nor are rice growers the only farmers feeling the pinch. Before the invasion, Baghdad was buying $350 million worth of other U.S. grains annually, including wheat, corn, barley and soybeans...
...billion in unpaid Iraqi bills, German banks about $2 billion. The embargo also leaves 40 German companies stuck with $2 billion in debt on business deals that have been partly completed but not paid for. Some of those losses will be covered by Hermes Kreditversicherung AG, the German state export-insurance program, but as much as $1.2 billion in trade with Iraq and Kuwait is not insured. Large diversified conglomerates like Daimler-Benz, Mannesmann and Ferrostaal can absorb such shortfalls, but smaller firms with proportionately larger exposure are talking about hardship and calling for a government bailout...
...short, for European carmakers Japan is becoming an export market like any other, only more so. Clearly a market in which a company can go from zero to a $1 billion-a-year business in less than a decade is worth the effort. And how are the U.S. companies doing in Japan? Not well. Total 1989 sales of the U.S. Big Three automakers combined were only about 3,500 more than Rover...
...decades ago, the United Nations established artifact export guidelines that satisfied the international community. Under these guidelines, museums have no legal obligation to consider the conditions under which their collections were obtained, provided the artifacts were acquired before...
...government and others decide such questions as the export of advanced technology helps to determine whether countries like Brazil will become nuclear missile powers. Usually the decisions are made on short-term foreign policy grounds -- the need to give Collor a pat on the back, the desire to be involved with Brazil's development. But the technology is long term, and the entire world must live with the consequences...