Word: exportation
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Dates: during 1970-1979
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General Electric Chairman Fred Borch, for instance, contends forcefully that the U.S. is under a handicap in competing with nations that subsidize exports as a matter of government policy. He points out that between 1960 and 1970, U.S. domestic prices rose 32% and export prices 23%. In the same period, domestic prices in Japan and Italy soared 78% and 54% respectively, but the increase in export prices was held to only 8% for each country, thanks to government subsidies and other special help. As an example of such aid, Borch points to a Japanese law that allows companies to take...
...free traders ought to recognize that the handicap argument has some validity. It does not justify protectionism, and indeed Borch does not plump for that. But the Administration could well give U.S. exporters more help by stimulating research and development and providing financial aid for companies entering the export field. White House Trade Chief Peter Peterson promises to design a legislative package including just such measures; it certainly deserves sympathetic consideration...
...Aleksei Kosygin. There, and in subsequent discussions throughout the week, the Russians asked to be accorded "most favored nation" status by the U.S., a move that would give Russia the same low-tariff access to American markets that other U.S. trading partners enjoy. Kosygin also suggested that the U.S. Export-Import Bank extend Russia the same easy credit arrangements offered to other nations. American refusal to grant credit and the Soviet Union's dearth of hard currency have long limited Soviet trade with...
...Stans left Moscow claiming that "there are very substantial opportunities for increased trade in both directions between the two countries" and that "a watershed had been created in relations" with Russia. To show that he meant business, the Commerce Department a few days before Stans' trip granted 54 export licenses to U.S. firms, allowing them to ship some $528 million worth of industrial equipment earmarked for the Soviet Union's new Kama River truck factory...
...million), that kind of urban organization could lead to an ANAPO victory in the 1974 elections. The established parties are painfully aware of that, and President Pastrana is pressing Congress for basic educational, agrarian and urban reorms. Meanwhile, inflation is increasing while the price of Colombia's prime export, coffee, is down to 40? a pound, v. $1 during...