Word: import
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...dollars they had not met a single refusal. In hand: $166 million in private bank loans; $121 million from the International Monetary Fund and various U.S. agencies. In all, Macapagal can begin his reform administration with a sizable backlog of about $400 million. He plans to ease import-export controls, continue some tariffs in a way that will encourage agriculture, discourage luxury imports...
...cushion the impact of change, the agreement calls for a system of "variable levies" which, at the end of an eight-year transitional period, will replace all existing controls. Import and export prices for farm produce will be set for each country by the Common Market's central executive, which will have the power to set "target prices'' (resembling U.S. support prices) for commodities and buy them for storage when high production forces down the market price. Ultimately, by gradual adjustment of target prices between nations, a loaf of white bread should cost no more in Bonn...
...Equally important to the consumer is the Market's decision to abolish import embargoes. At West Germany's insistence, any nation may still ban key imports such as grain, wine, poultry, pork or vegetables if it fears disruption of its internal market. But after a brief grace period (example: four days for apples), a Common Market commission can revoke the ban if it appears to lack serious justification...
...Rome treaty called for similar stabilization of agricultural markets, but in this field the six nations proved far less flexible. After centuries of striving for national self-sufficiency in food production, each country had its own weird system of import restrictions, government subsidies, artificially maintained price levels to protect its farmers, and these were far harder to change than industrial tariff walls...
Understandably eager for freer trade are the executives of the many U.S. industries already selling successfully overseas. But less predictably, freer trade has the endorsement, according to soundings taken by TIME correspondents, of many businessmen whose companies are currently suffering from import competition but who are confident they can counterattack effectively if foreign tariff barriers are dropped. Among the generally pro-free trade industries...