Word: imported
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...Contrary to TIME'S [June 18] "Yes, I Believe I Am Being Followed," job applicants at the Export-Import Bank are not tested for their personality as a prerequisite for employment. Best evidence is the large variation in personalities here at the bank...
...African shilling, established when the countries were under British rule, will be abandoned, with the end of the three-nation Common Market expected to follow. Prime instigator of the breakup was Tanzania, which has had its own currency printed for more than a year, and which wants to embargo imports from Kenya and so end the unfavorable trade balance it has traditionally had with its more highly developed neighbor. In order to do so, Tanzania apparently plans to import the bulk of its goods instead from Red China under aid agreements, and shops in Dar es Salaam last week were...
Japanese automakers, long secure behind high tariff walls, are bracing for a possible wave of competition from abroad after the country's import quotas are lifted later this year; this will be the first step toward lowering the restrictive 35%-40% duties on foreign cars. Under present tariffs and taxes, for example, a Volkswagen that sells for $1,250 in Germany is marked up to $2,600 in Japan. When tariffs drop, the increased competition could be rough...
Declines & Disappointments. The Communists try to swap their raw commodities for sophisticated capitalist technology, but recently they have been forced by crop failures to import fewer Western machines and more Western food. For both Russia and Communist China the biggest import from the West is grain. China now takes more than 50% of Australia's wheat exports and 10% of Canada's; last week it agreed to buy about another $100 million worth of grain from Canada. Most of the U.S.'s $340 million worth of exports to the East last year was in the form...
...FRANCE. U.S. officials report full cooperation from the police and the courts, but France's Napoleonic Code is filled with dusty laws that may trip the unwary. A tourist's U.S. drugs may be confiscated, for example, because the law bans the import of prescription drugs available in France. Frenchmen who have become U.S. citizens are in trouble if they revisit France:* they can be jailed for draft dodging, forced to serve 18 months in the army. In Gaullist France, all tourists are well advised to repress political opinions. Under an 1881 law, insulting heads of state, even...