Word: exporters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...commitment to free trade as the goal of international commerce. But the study admits that certain unspecified industries may need time and Government prodding on investment and labor policies before they are ready to compete in world trade. The main message of the paper is that the U.S. must export more or suffer grave consequences because of apparently unstoppable outflows of money to pay for imported...
That urgency seems undercut, however, by some Administration proposals. As part of its budget reductions, the White House wants to slash $600 million out of the $5 billion lending authority for the Export-Import Bank, which provides low-interest loans to foreign buyers of U.S. goods. Such credits are often a key factor in determining which company will win an export contract. Countries like France and Japan offer attractive loans if a foreign company agrees to buy their products. American firms may now be at a disadvantage in competing with those exporters...
...increasing trade with Moscow. Says Brock of the Soviets: "We're waiting for a signal on how they are going to behave in the international community." The Administration's foreign policy hardliners, though, are less interested in trade. The new man in the key position of granting export licenses for all Communist countries is Lawrence Brady, 41 , Assistant Secretary for trade administration at the Commerce Department. Brady had been deputy director of the office of export administration from 1974 to 1980, when he resigned in a huff over his belief that the Carter Administration was being too liberal...
American businessmen also complain that the complex law keeps them out of many profitable deals. Says Robert Malott, chairman of Chicago's FMC Corp., a leading manufacturer of chemicals and machinery (1980 sales: $3.5 billion): "The law has American export companies thoroughly confused. We simply cannot get clarification on what is legal and what...
...Germans call it Schmiergeld (grease money), though export traders usually simply say N.A. for niitzliche Abgabe (useful contribution). In France, where there is veritas in the vino, a payoff is called a pot-de-vin or jug of wine. The Italians refer to a bribe as a bustarella (little envelope). Under-the-table payments in East Africa go by the sobriquet chai, Swahili...