Word: exporting
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...President next day approved the recommendation. Beyond placing a temporary hold on the F-16s, the Administration sent a letter, signed by Haig, to Senator Charles Percy, chairman of the Foreign Relations Committee. As required by the Arms Export Control Act of 1968, Haig formally advised Percy that U.S. planes had been used in the Israeli action. He also suggested that Israel might have committed "a substantial violation" of the 1952 arms sales agreement with the U.S. Haig promised to review this matter and discuss it with the Israeli government...
China is subject to a variety of U.S. laws that place restrictions on everything from arms to export credit. Haig planned to inform Peking that Washington is prepared to loosen the controls that now govern trade between the two nations, thus paving the way for the Chinese to buy such items as radar equipment, computers and transport aircraft. In addition, the Secretary of State wanted to discuss the possible sale of arms. Ever short of funds for modernization, the Chinese prefer technology transfers and licensing agreements that would allow them to build on their own such products as the General...
Welcome as it is to some oil-importing nations, the weakening price of crude means an abundance of troubles for many oil exporters. Nations like Nigeria, Iran and Libya have year after year pushed the price of crude to ever higher peaks in order to finance ambitious development programs. Now the sagging demand for petroleum is crimping export earnings, cutting into government revenues, and in some cases even beginning to threaten the continuation of many big industrialization projects...
Most damaging of all, Tumlir warned, the protectionist illusion puts dangerous strains on the international financial system. The industrialized countries export three times as many goods to the developing countries as they import from them...
...restricting imports of Third World goods, the industrialized nations deny foreign exchange to the developing nations, thereby shrinking their own export markets and destroying more jobs at home than they would save through protectionism. Meantime, investment in new plants is retarded and Third World debtor governments-whose creditworthiness depends on export earnings-must borrow more deeply to pay their debts...