Word: imported
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When it comes to natural resources, the god of energy certainly did not spoil France. Each year, the French must import 75 percent of all the energy they else. In 1980, when a large oil reserve was discovered in the north of the country. President Giscard d'Eataing's government was ecstatic. In particular, the minister of energy was gleeful when he pointed out that "now we will produce one percent of all the gasoline we need." He was completely serious. The supplies of France's coal are dwindling, and the product is of low quality--un-competitive...
Last year the battle was over automobiles and trucks. Now Japan and the other major industrial countries are heading for an even more serious collision. At issue this time is whether or not Japan's byzantine web of nontariff import barriers is really just disguised protectionism, and, if so, what should be done about...
Although the Suzuki government has pledged to chop away at some of the more egregious nontariff barriers, there are thousands of import restrictions that permeate life and society in Japan. Says one Japanese businessman candidly: "Consider the inspector who has been sitting at the dock in Yokohama saying no for 40 years. He is going to find it very hard suddenly to start saying yes just because some politician in Tokyo says it is the new policy...
Reagan considered a long list of measures that the U.S. could take against the Polish government, including a trade boycott. In the end he settled on a set of largely symbolic sanctions: a cutoff of Poland's $25 million in credit insurance at the U.S. Export-Import Bank (which would discourage private banks from lending far greater sums), a suspension of the Polish national airline's right to land in the U.S., and a declaration that American territorial waters would be placed off limits to Polish fishing boats. The effect of these measures, the President hoped, would be to encourage...
...White House had to make still another awkward admission last week: Allen, a former consultant to Nissan Motor Corp., which manufactures Datsun automobiles, had met with Takase and the president of Toyota Motor Sales last March at a time when the Administration was deciding whether to seek lower import quotas for Japanese cars. The next day Allen attended a meeting with Reagan and Japan's Foreign Minister, Masayoshi Ito, to discuss import quotas. Worried about a possible conflict of interest, White House officials asked Allen to review his records for past contacts with Japanese businessmen...