Word: exporters
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...also a general feeling that we have yielded too much and put too much of an emphasis on negotiations with the Soviet Union, to the detriment of our relationships with South America, Canada, Japan and the European nations. And, there is an issue with our on-again, off-again export policies on agricultural products...
South Africa, the world's largest gold producer, is being hurt most. The price drop will cost it at least $200 million in potential export earnings this year, worsening an already serious balance of payments deficit (running at about $1.9 billion on current account this year). Last week South Africa moved to cut imports; beginning Aug. 2, the government will require importers to deposit 20% of the price of certain foreign goods with the treasury for six months, at no interest. The unemployment rate among the nation's black workers has already hit 20%; layoffs at the gold...
...connection with this program." With that disclaimer, Lockheed Aircraft Corp. and Canadian officials last week signed, on the second try, a $697 million deal under which Canada will buy 18 Orion-type planes for North Atlantic patrol and antisubmarine warfare. The sale is the biggest ever made in export markets by the floundering American manufacturer, and provides a badly needed boost to Lockheed's order book and its morale. For Canada, it is the first step in an overdue effort to strengthen its military contribution to NATO...
...Refusing to do either, he was placed under constant KGB surveillance, frequently picked up, interrogated and threatened. Finally he agreed to go West. His departure, originally scheduled for late June, was delayed when he balked at demands by the Soviet Ministry of Culture that he pay a $5,400 export duty on various art objects, including paintings by his wife, whose work was officially unauthorized...
Other coups followed as B.C. moved into real estate speculation and sake brewing. In 1952, he decided that South Korea "could only prosper through trade." He set up his Samsung (Three Star) export-import company to do just that, and the firm quickly provided profits that Lee shrewdly invested in other ventures. Now Samsung is the umbrella of a 17-company conglomerate that includes Seoul's finest department store, one of its largest newspapers, a group of sugar refineries, paper factories and an electronics firm. Together they rang up sales of $731.9 million last year...