Word: importent
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Dates: during 1970-1979
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...been the Soviet Union's outstanding debt (originally about $11 billion) to the U.S. for Lend-Lease aid during World War II. In last week's discussions the Soviets agreed to a still undisclosed formula for repayment. Settlement of this debt would in turn permit the Export-Import Bank to finance the export of U.S. goods to the Soviet Union. It would also enable the Nixon Administration to ask Congress to grant the Russians most-favored nation trade privileges and credits, an important prerequisite for extensive trade. But Congress is reluctant to grant such favors to the Russians...
...Even so, Boeing's salesmen used every method they could think of, including visits to Chinese offices in Hong Kong and advances through intermediaries, before getting the nod. Finally Miller tried the direct approach and spent 21? to mail a letter to the China National Machinery Import and Export Corp. in Peking. Back came an invitation for a Boeing contingent to attend the Canton trade fair in April and then go to Peking...
...incident which particularly piqued Angolan merchants stemmed from a shortage of powdered milk, important in Angola because there are no pasteurizing plants in the main cities. When the merchants found powdered milk hard to come by, they applied to the Overseas Ministry from permits to import foreign-made powdered milk...
Some of these hurdles can, and no doubt will, be lowered or removed as a result of further trade talks; the Japanese seem to realize that they must liberalize their import practices if they are to avoid more protectionist retaliation against their own goods abroad. But even an immediate removal of all formal barriers would not necessarily open Japan wide to U.S. marketing men. The most formidable of the obstacles cannot be lowered by diplomatic negotiation. It is Japan's archaic and labyrinthine distribution system...
...letter was politically as well as personally offensive to Boumedienne. Algeria contemplates selling an annual $120 million worth of gas to the U.S. and is seeking an investment loan from the Export-Import Bank. At the same time, Algeria is anxious to maintain its revolutionary image, especially among the black countries to the south, and has welcomed not only the Black Panthers but a score of other revolutionary groups, including the Committee for the Liberation of the Canary Islands. Boumedienne thus could not simply boot Cleaver out of the country without some diplomatic embarrassment...