Word: exporters
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...also needs a stepped-up sales effort overseas if it is to maintain its image as the world's most advanced industrial nation, an image that is being chipped at by less advanced but more aggressive export countries...
...President had his own suggestion about how to raise exports: cut prices. Europe does well in many export areas, he said, "because European producers, unlike American producers, respond to excess capacity by reducing prices in order to maintain production, rather than reducing production to maintain prices...
...Common Market is prospering so much that nearly everybody wants in. Spain, Sweden and Austria are knocking at the club's door. Israel and Iran are negotiating a trade pact with Europe's Six. In Africa, 18 former French, Belgian and Italian colonies recently signed an export-boosting treaty with the Market. Last week, in the first break away from the solid ranks of the British Commonwealth nations, Nigeria asked the Six to consider some kind of association with it. Many Common Marketeers favor the bid from black Africa's biggest nation (pop. some 45 million), believing...
...Turkey will be by far the Market's poorest sister. Two-thirds of its 30 million people are illiterate, more than 10% of its work force is unemployed, and per capita income averages $200. Foreign trade, which swings around agriculture, is in chronic deficit. This year Turkey will export $370 million-mostly in aromatic tobacco, cotton, hazelnuts, sultana raisins and Smyrna figs-but its imports will amount to $640 million, largely in machinery. With its population growing by 1,000,000 a year, while its capital markets remain skeleton-thin because of a lack of personal savings, Turkey sorely...
...acre plant, and at Kassel 2,500 workers are bustling to complete another 1,400-acre plant. Now Volkswagen has decided to build a fifth plant at the North Sea port of Emden, where the projected output of 500 autos a day will be used solely for export. Construction begins next month...