Word: exportation
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...same ad (minus the Japanese subtitles) appeared on British television earlier this year and was a resounding success. As a result, Go*USA decided to export the commercial to Japan. Last year, taking advantage of a weak dollar, 3.3 million Japanese visitors flocked to the States, creating a near $10 billion U.S. trade surplus in travel and tourism with Japan alone. The travel business and the Commerce Department hope the Bush ad will lure even greater numbers of big spenders to American shores...
...economy will not get anywhere near as big a jolt -- it is eight times as large as the other two combined -- but should enjoy an explosion in exports to Mexico. According to trade experts, those could increase substantially from a projected $40 billion this year, ultimately creating more and bigger American paychecks. Says U.S. Trade Representative Carla Hills: "For every billion dollars worth of exports, we gain 20,000 jobs." More important, she told a press conference last week, jobs in export industries pay on average 17% more than employment in the rest of the economy...
...Saddam's son-in-law Hussein Kamel. With an estimated $30 billion stashed in foreign banks, Saddam has plenty of funds to bribe Jordanian officials and purchase goods abroad, including luxury items to buy the continued loyalty of military and security officers in Baghdad. His agents forge export licenses, issue phony letters of credit for the front companies, and pay shipment costs to Aqaba's free port. There cargoes supposedly destined for Jordanian companies are loaded onto trucks bound for Iraq. "Saddam is willing to pay a high price," says Jawad Anani, former Jordanian Trade Minister, "and plenty of people...
...parent of the Chesapeake & Ohio railroad, took an interest in Otisca as a possible source of fuel for a pilot cogeneration plant it was planning at the Greenbrier Resort in West Virginia. As the nation's largest transporter of coal, CSX had an interest in promoting its use and export. Engineer Mack Shelor, an executive with CSX's energy resources and logistics division, learned through some contacts that Otisca was the only firm capable of producing a coal-based liquid fuel that would meet the specifications he was seeking. The Greenbrier was an ideal demonstration site because the venerable resort...
...General Agreement on Tariffs and Trade is actually not one agreement but many. It's an accretion of rules and deals aimed at chipping away the barriers that impede the worldwide import-export business. GATT has been unfolding since 1947 in stages, or "rounds." The latest, which began in Uruguay in 1986, has been stalled for a year and a half. There are many sticking points, but the biggest is European agriculture, which is still heavily subsidized and highly protectionist...