Word: exporting
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Dates: during 1960-1969
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...Guns & Men. The Naples shipments are only a trickle compared to what Castro gets from Czechoslovakia, the Soviet bloc's export arsenal. By the end of August 1960, Czech-made R-2 .30-cal. rifles and other arms began leaving Stettin and Gdynia on Poland's Baltic coast in such quantity that Castro's Red-made arsenal doubled in two months, is now valued at more than $300 million. With the equipment came the experts; some estimates put the number at 3,000 from Czechoslovakia and Russia, including 17 jet pilots. In return, scores of Cuban cadets...
...amount of trade involved is tiny compared to the uproar. Only 300 Canadians live in Cuba, and Canada's exports to the island in 1959 amounted to less than 1% of its total exports-mainly newsprint, medicine, steel, copper tubing, codfish, malt and chemicals. Even this small export business had dropped: from $17.5 million in 1958 to $15.2 million in 1959, with 1960's first half showing a sharp dip to $4,800,000 v. $7,400,000 for the same period in 1959. Exports of newsprint fell from $2,600,000 to $999,000, salt codfish from...
Positive Results. Now, with a formal embargo under way, Canadian businessmen are betting that their picture will improve. Selected Canadian export figures for 1960's first half show an upward trend compared to 1959: sheet and strip steel went from $149,000 to $212,000, aircraft engines and parts from $35,000 to $209,000, synthetic rubber and plastics from $17,000 to $255,000, medicines from...
...rate will be as little as 3%. The new bank bears little beneath-the-façade resemblance to the other development outfits that the U.S. is caught up in. Public Law 480 sells U.S. surplus agricultural products for local currencies, then lends back the payments for development. The Export-Import Bank makes loans exclusively for the purchase of U.S. equipment and commodities. The International Co operation Administration dispenses grant aid and technical assistance. The International Finance Corporation operates on a small scale as an affiliate of the World Bank and the IMF to invest in private enterprise...
...AMERICAN EXPORT LINES CO. passed from control of Mrs. Josephine Bay Paul, chairman, and her husband C. Michael Paul to a rival shipping line. For about $8 million, the Pauls sold their 25% control of American Export, which operates a 30-ship fleet, including the liners Independence and Constitution, to the Isbrandtsen Co., which owns and operates 20 American-flag ships and charters some 30 others...