Word: exporting
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Dates: during 1960-1969
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...much gold remains in tombs and other archaeological sites, and every new find becomes an artistic Klondike. Laws in Mexico, Peru, Colombia, Costa Rica and Panama that attempt to curb the export of the "national patrimony" are by and large circumvented; if the gold is no longer exported in galleons, it nonetheless gets out. Last week a superb new collection of pre-Columbian art, "The World of Ancient Gold," opened at the Travel and Transportation Pavilion at the New York World's Fair (see opposite page...
What is the most important commodity in the world's $132 billion annual volume of international trade? Oil? Steel? Cotton? No, it is an export that is sold at home: tourism. This year it will grow by almost 10%. Some 60 million international tourists will spend $9 billion, which in turn will generate $29 billion in wages, purchases and taxes in the countries they visit. Already such countries as Italy, Spain, Austria and Ireland earn more from tourism than any other export...
While the Common Market is having its trouble agreeing on common tariff policy, one export seems to be welcome everywhere. For some reason, perhaps better left to psychologists and cooks, Europe is taking to a food that has long been largely an Italian preserve: pasta. Though Italians are still the heartiest eaters (66 lbs. per year), Italy's pasta exports have risen 1,400% in a decade, crossing practically all national borders. of Paolo Agnesi & Sons, Italy's oldest pasta maker and (with $10 million annual sales) one of its largest. Anticipating a 50% increase in exports this...
...possible. Shocked when he heard that Germans were eating spaghetti as a side dish to sausage, Agnesi dispatched Imperia's best chef to the Munich trade fair to cook up 35,000 servings and teach the Hausfrauen their spaghetiquette. Germany is now the company's second biggest export market, after Switzerland...
Softening. The Johnson Administration, which would like to soften its enforcement of the embargo, expects the Chamber's resolution to help it get some amendments to the 15-year-old Export Control Act. But there is strong support for the embargo in Congress, and what promises to be a noisy brawl over amendments to the act will begin as soon as the civil rights fight is settled...