Word: exporters
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...done more to expand the frontiers of East-West trade than the emissaries of giant corporations. Familiar with the workings of Sojuzchimexport, Stankoimport, and other mystifyingly complicated Soviet state enterprises, they have been putting together some of the most imaginative deals since William Henry Seward made Alaska a Russian export. Among them...
ROBERT ROSS has sold $11 million worth of products from Communist countries in the U.S. since his first trip to Moscow in 1970. As head of East-Europe Import Export, Inc., based in Manhattan, he has another $100 million worth of contracts under discussion. Acting mostly as a buyer, Ross represents 65 American firms in Russia and Eastern Europe. Meanwhile, he is sole sales agent in the U.S. for the Soviet auto and electronics industries and Rumanian auto and petroleum exports. This year he introduced a $3,195 Jeep-like Rumanian vehicle into the U.S. He is talking with executives...
...preserving old books. "Then we started to know the Eastern Europeans, and they started to trust us," says Hayworth. "So now they come to us for U.S. technology." Czech pharmaceutical officials, to cite an instance, want to buy American machinery for making plastic pill bottles. World Patent intends to export to Eastern Europe an American technique for cutting textiles by computer. Hayworth is also trying to find an American firm to use a Hungarian process for making motor oil that he claims "can clean an engine in 15 minutes...
...enormous potential for gain. The company, knowing it could not lose, could have speculated heavily in wheat futures. Its officials could have quietly instructed their agents to buy all the wheat they could at the low prices then in effect, but hold off their subsidy payment claims until the export subsidy rose. The subcommittee's small staff had gathered no evidence that Continental had done any such thing-but no one thought to ask Palmby about it. Earlier, Purcell's subcommittee had allowed Agriculture Secretary Earl Butz to avoid any discussion of specific market transactions concerning wheat...
Other examinations into the wheat deal are still in progress, however. Vice President Spiro Agnew last week announced that the FBI was investigating whether any large U.S. exporters had made illegal profits in the deal. That surprising concession led newsmen to check the FBI, where they were told no such probe had been directed. One day later, the FBI did get such an order from the Justice Department, creating a debate over whether this was done only because Agnew had mistakenly said it was under way or whether Agnew had merely misunderstood the timing. The Commodity Exchange Administration...