Word: exports
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Dates: during 1960-1969
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...Colombia, the Texaco-Gulf project is a chance to inject much-needed income into the economy while easing its dependence on coffee, which currently accounts for 60% of the country's export earnings. For the two companies, which decline to estimate the total value of the Putumayo find, the project may initiate a far-ranging cooperative exploratory effort. Texaco and Gulf have already staked a claim on 5,000,000 acres in neighboring Ecuador, where last spring they discovered a rich oil field. Geologists, moreover, venture that the Colombia-Ecuador finds are only the beginning, and that much more...
With a production line geared to roll out over 1,000,000 vehicles a year, B.L.M. figures to fill 40% of the domestic market and be Britain's No. 1 export earner besides-with $700 million a year in sales abroad. "We've been thinking about it for years, but we wanted the merger on satisfactory terms," says Leyland's Sir Donald Stokes, 53, who will be deputy chairman, managing director and chief executive officer of B.L.M., with British Motor Holdings' Sir George Harriman, 59, as chairman of the board...
...push ahead with his ambitious economic and social reforms, many of which are already bearing fruit. A vast modernization and economy drive has turned the deficit-ridden tin mines ($16.2 million in 1962) into a moneymaker and taxpayer for the first time. With the increase in tin production, export sales have risen 30% in the past three years to $150,400,000. Barrientos has also doubled petroleum production, built scores of new schools, hospitals and clinics, and added 20,000 miles of new roads in the country's long-neglected interior...
...plane fare. Even better news for hard-pressed Britain is an upsurge in foreign orders for British autos. British Motor Corp. expects to increase its deliveries to Europe by 5,000 cars this month. To meet that demand, B.M.C. is switching one-third of its home-market production to export models...
Adzope happens to be a little bigger and richer and more important than most of the other towns. It prides itself as an important center for cocoa, coffee, and bananas. MG trucks load up in the surrounding forest with giant teak and mahogany logs for the export market. The town is the administrative seat for the surrounding sous-prefeture--a government unit including about 65,000 people. There are four sizable schools, bureaucratic offices, chain stores, a post office...