Word: exporting
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Dates: during 1960-1969
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Stay-at-Homes. Unlike most small companies. Old Town has taken full advantage of the export aid program of the Department of Commerce. At Old Town's request, U.S. Government representatives abroad have searched for foreign firms interested in manufacturing Old Town products under license. So far, in addition to Olivetti, Old Town has concluded, or is negotiating, licensing arrangements in Mexico, Australia, Colombia, the Philippines, Costa Rica, Canada and The Netherlands. These arrangements are so profitable that although Old Town's export sales this year will amount to only $500,000, they will account for half...
...wage spiral has pushed up Germany's export prices. So did last year's revaluation of the Deutsche mark, which made it 5% more expensive for foreigners to buy German goods and 5% cheaper for Germans to buy foreign goods. As a result, German imports have risen 12% in 1962, while exports have leveled off. In the first half of this year, West Germany ran a payments deficit of $92.5 million...
Industrial investment, one of the economy's most sluggish sectors, is to be spurred by substantial new tax allowances on new plant and equipment that should pump close to $300 million a year back into industry and allow it to compete on better terms with European manufacturers. Exports, which have not risen in the last three months, are helped indirectly by the biggest cut ever made in the government's stiff sales tax on autos: the new tax, slashed from 45% to 25% of a car's value,* will save consumers close to $300 on an average...
...abroad than they bring home. As the deficits mount, gold flows out of the U.S. The gold supply has diminished by a shocking $1.3 billion in the past twelve months, is down to a 23-year low of $15.9 billion. At the same time, though the U.S. continues to export more than it imports, the trade surplus has narrowed, from $5.3 billion last year to an estimated $4.4 billion so far this year. Imports increased 13% in 1962's first three quarters, the highest jump in twelve years, while exports rose only...
...permitting manufacturer to deduct from his tax bill those taxes already levied on the materials he buys. Each finished product is effectively taxed only on its final value at rates ranging from 6% to 25%. If every body followed this system, there would be less excuse for fat export subsidies...