Word: exporting
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...production by 5.9% to €504 million and created a new tax credit that came into effect at the start of the year, which gives producers a discount of roughly 20% of their film costs. The hope is that filmmakers and investors can be seduced into producing export-quality films from home. And to make sure everyone outside the country knows about these films, France's film-export organization Unifrance is turning attention away from Japan and the U.S. to home in on Europe. Italy is also trying to steer its industry toward the European marketplace, with...
...location of aluminum plants. Most producing countries have five or six dots; China has 130. "China is building smelters like McDonald's opens restaurants," says the trader, who asked not to be identified. He's worried, because China used to be a net importer of aluminum before starting to export and driving down world prices. China exported 621,000 tons in the first nine months of 2003, and far more could hit the market in coming years...
...Bird's cell phones are often top quality, and it's probably only a matter of time before manufacturers acquire the marketing skills to convince the world of their products' reliability. But it's an urgent challenge: as consumer markets get ever more crowded, many mainland companies have to export...
...solve technical problems with the trucks' onboard GPS units. The decision to abandon the ill-fated venture - it was scheduled to start in August 2003 before being postponed - is an embarrassment for the top players behind it. Deutsche Telekom and DaimlerChrysler had banked on the system as a possible export. Since Toll Collect refuses to pay full damages for the €6.5 billion shortfall in revenues, it is also a further fiasco for the government, which rashly earmarked part of that sum for much-needed investments in infrastructure in the 2004 budget. Although the consortium has since declared...
...support for Iraq policy in the United Nations. That suggests Washington should play the trade card only sparingly. For now, the two sides are getting along well politically. China emerged as a global trade power 10 years ago, when it knocked off Taiwan and South Korea as the biggest exporter of tennis shoes to the U.S. In 2002, it surpassed Japan and Mexico as America's biggest single source of consumer electronics. That came at some cost to American jobs but at a big cost to countries that compete directly with China, such as its Asian neighbors and Mexico. Along...