Word: importancies
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...busy shouting at each other over agricultural subsidies, import quotas and trade in services, the ministers who gathered in Geneva went into overtime through the weekend in an attempt to salvage their conference with a minimum pledge to set up formal studies of these fundamental questions. But it was still an inauspicious signal for the free trading system, without which the world economy will founder in the same destructive crossfire that marked last week's conference...
...endeared themselves to L.L. Bean-wearing university professors and affluent suburbanites. Today the safe and sensible Volvo has never been more popular. In a year when other auto manufacturers are struggling, Volvo's American sales are up 12.8%, and the car has passed Volkswagen as the bestselling European import. Last week the Volvo's proud Swedish parent announced that its earnings nearly doubled during the first nine months of this year, to $257 million, as sales increased...
...agricultural products prevented the GATT participants from reaching any consensus on the specifics. Instead the GATT signators united only on the need to deter the increasingly tempting use of protectionist measures for solving national economic woes. Consequently, they grudgingly committed their countries to "refrain from taking or maintaining" import curbs...
...businessman, "and we will try to get some of the capital outflow. Even 10% or 20% would be of great help." To that end, the Taiwan government plans to create a free-trade zone and banking center on the island. In an unregulated, Hong Kong-like environment free of import taxes, businessmen would be able to enter without visas, taxes would be low, and red tape minimal. In the eyes of Taiwan's rivals, the plan has one crucial draw back: Taipei's hostile relationship with Peking could deter Hong Kong Chinese investors...
...wealthy U.S. business executives, Jay Van Andel and Richard DeVos, faced indictments last week on criminal charges that they had defrauded the Canadian government of more than $22 million in import duties between 1965 and 1980. Van Andel, 58, and DeVos, 56, are chairman and president of Amway, a large direct-selling organization that claims $1.5 billion in annual sales and at least 1 million distributors, mostly part-timers, who peddle the company's diverse line of products, from laundry detergents to health food...