Word: exporter
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...weapons and ammunition to a Central American country, known to be Guatemala. He enclosed "end-user certificates" attesting that the weapons would be used in that country. Actually, the memo made clear, "all shipments will be . . . turned over to" the contras. This plan seems to violate the Arms Export Control...
Maybe not, but the noise level at debt-negotiating sessions is unlikely to decrease, since the conditions of many Third World countries is, if anything, more parlous. Most debtors have fallen victim to a general sluggishness in the world economy, which has reduced their export income and thus their ability to pay. "Lack of economic growth in the U.S. and abroad is the real time bomb," says John Heimann, vice chairman of Merrill Lynch's Capital Markets Group...
...though, is not the whole story. For the past 15 years, petrodollar- rich gulf states have provided a lucrative market for a vast array of Western products. Europe's export-dependent defense industries in particular have enjoyed a multibillion-dollar bonanza in the region. Although declining oil revenues in recent years have slowed the spending spree, the gulf remains an important market for West European and Japanese exporters. Last year British sales to the region were worth more than $8 billion, while French exports, excluding arms, brought in around $3 billion. The Japanese sold $6.8 billion in the region...
...These figures are even better than they look. The substantial expansion of exports indicates the devaluation of the dollar is beginning to reverse the export stagnation of the last several years," said Jerry Jasinowski, chief economist for the National Association of Manufacturers...
...Funaro, who proved unable to rein in Brazil's runaway economy, was dumped by President Jose Sarney in favor of the more pragmatic Luiz Carlos Bresser Pereira, 52, an economist and businessman. Bresser Pereira promptly devalued Brazil's currency 8.5% against the U.S. dollar in an effort to boost export income, which should improve the country's ability to pay its debts...