Word: jute
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...With a stageful of vibrant flamenco gypsies and a choice of fine restaurants touting "eels from the River Tagus" and "mushrooms from the caves of Segovia," Spain outclasses most other foreign and state pavilions, many of which offer nothing more remarkable than displays of consumer goods and models of jute mills...
...With a stageful of vibrant flamenco gypsies and a choice of fine restaurants touting "eels from the River Tagus" and "mushrooms from the caves of Segovia," Spain outclasses most other foreign and state pavilions, many of which offer nothing more remarkable than displays of consumer goods and models of jute mills...
...Asian-born, Western-trained economists who directed the survey are worried most about the crisis facing Asia's agriculture and mining. Eighty percent of the area's export income comes from such primary commodities as rubber, minerals, tea and jute - but commodity prices fluctuate sharply, and industrial nations are turning increasingly to man-made substitutes. Because of soft prices and shaky politics, the inflow of foreign capital is declining. Asia's foreign exchange reserves are far lower and its trade deficits three times higher than a decade...
...Jets & Jute. Until this year, French firms repatriated $12 million annually from their investments in Viet Nam. In February, angry over De Gaulle's diplomatic recognition of Red China and his proposals that Viet Nam be neutralized, the Saigon government blocked repatriation and embargoed virtually all French imports. Last week came the first major sign of a softening in this attitude. Air Viet Nam took delivery of a $2,100,000 French Caravelle jet. One reason for the choice: Air Viet Nam is 20% owned by Air France...
Other French enterprises in South Viet Nam range from cigarette factories to oxygen plants, from Asia's third-largest brewery to the Societé Vietnamienne du Jute, which turns out 3,000,000 sacks a year for holding the rice crop. Three French banks handle 39% of the country's banking, and 100 or so French firms control its insurance, hotels, cinemas, printing and shipping. French companies also hold part interest in many Vietnamese firms...