Word: imported
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...products-Finland's biggest export-will be free to compete on an equal footing, Finland will not reduce tariffs as swiftly as the other EFTA countries on a range of Finnish specialties: varnishes, polishes, small electric motors, sauna whisks and birch twigs. To satisfy Russia, Finland will keep import quotas on those goods that Russia chiefly supplies, e.g., fuels and fertilizer. But as one former Finnish ambassador to Washington explains: "You cannot understand what EFTA means to us-it is our first formal link to the West since the war. We have shown how much it means...
Practical Dream. The biggest test of the new process will come in Venezuela, where a Stratmat furnace is being installed in the government's new $340 million steel plant. After building the plant, the Venezuelans found that they would have to import expensive coke to run it. But with Stratmat's process, they expect to run on local poor-grade coal. If it works as expected, the government is considering converting the whole plant to the process...
...fight the little green fern, Rhodesia has already spent nearly $3,000,000 and has little to show for it. No chemical has yet been found that will kill the weed and leave fish unharmed. No native animal eats the weed. One possibility is to import manatees, the tropical American sea cows that are used in British Guiana to eat ditches clear of vegetation (TIME. Dec. 19). Another possibility is the coypu, or nutria, a South American aquatic rodent that has a voracious appetite for water plants. It reproduces almost as fast as Salvinia, and the scientists fear that...
Born. To Chiang Hsiao-wen, 25, Chiang Kai-shek's eldest grandson who is in the export-import business in Taipei, and Nancy Chiang, 22, granddaughter of onetime Gimo comrade in arms: their first child, a daughter, and first great-grandchild of 73-year-old Chiang; in Taipei...
...look askance at some of his reform measures. They fear that government-run companies in the oil, construction and petrochemical industries will eventually take over their private competitors. Some U.S. manufacturers doing business in Venezuela have been pressured into setting up branch plants there, under government threats that their import permits might be revoked. The effect is to scare off other potential investors and to accelerate the process that has cut new U.S. investment in Venezuela from a 1957 high of $912 million to a 1960 low of $130 million...