Word: import
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Dates: during 1960-1969
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...five-year pact is supposed to increase trade to $160 million this year, to $225 million by 1965 and after that, it all depends on how things work out. Brazil will import Russian oil, wheat, airplanes, tractors and industrial machinery. In turn, the Russians promise to buy Brazilian oranges, cotton, rice, cocoa, plus 60,000 tons of coffee per year-about 5% of Brazil's coffee exports. Being tea drinkers themselves, the Russian's propose to send shiploads of the coffee to Castro's Cuba. And on this point the two countries fell into their first conflict...
...story U.S. embassy in downtown Seoul, Berger explained that the U.S. might have to re-examine its aid program unless Park let the civilians come back. To show that Berger was not bluffing, the U.S. recently delayed a promised $25 million desperately needed by South Korea to pay for import purchases...
...been cut down in the free market even if the President had held his temper; stuck with a soft market, steelmen have been quietly discounting prices from 1% to 5% for much of the past year. Furthermore, steelmen take the chance of turning their customers increasingly to lower-priced imports, which rose by 1,000,000 tons last year, and to steel substitutes, which last year displaced 2,000,000 tons of steel. Wheeling wisely tried to avoid this peril by limiting its rise to products for which domestic demand is strong and import pressure is weak-sheets and strips...
...Strong medicine has not cured all that ails SIAM. It must still import such simple parts as windshield wipers (paying 250% duty) because the local product is so shoddy. Last year a Peronist-oriented union, pushing for wage increases, led a slowdown that temporarily reduced automobile output from 36 cars to four cars a day. But retrenchment has left SIAM lithe and ready for fresh expansion. With the philosophy of a patriot who feels that Argentina has only one way to go, Clutterbuck says: "My country is at the bottom of the hill. Now we start to climb the other...
...appoint me as your new president-director." When the directors did not agree, Verolme left to found his own engineering works. He heard of a demand for Dutch "Haagsche hopjes" candy in the U.S., raised the money to market a huge shipload, and used the profits to import diesel engines from Switzerland to equip the war-torn fleets then rebuilding everywhere...