Word: traded
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Dates: during 1960-1969
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...Food and Drug Administration has enlarged its team of agents in the Boston area to help control the growing trade in illegal drugs at local universities...
Barbiturates and pep pills cannot be made as easily as LSD, but FDA officials rate sales of these drugs as an even more widespread problem. They estimate that ten billion of the pills are sold in the U.S. every year, and that illegal trade on college campuses makes up a major part of the total...
...thing, Douglas Jay, president of Britain's Board of Trade, reported that the nation's trade gap-the difference between high imports and low exports-was down from $295 million in July to $193 million in August, for the best showing since February. Part of the improvement could be attributed to the resumed shipment of exports after Britain's 45-day seamen's strike. But Jay, a 59-year-old economist, thought there was more to the story than that. He felt that the drastic measures recently imposed by Prime Minister Harold Wilson to hold down...
...Palais des Nations, the negotiating teams of 51 countries taking part in the Kennedy Round finally sat down to negotiate seriously. Present betting is that they will work out tariff cuts of 25% to 35% on most of the goods that make up the $184 billion in annual trade among nonCommunist countries. Said the chief U.S. negotiator, Ambassador W. Michael Blumenthal: "All the main participants now have the will to achieve agreement. There will be some cliffhangers, but I'm confident that in the end we will succeed...
...AGRICULTURE. The Common Market countries, after many months of squabbling about farm subsidies, have agreed on a common policy that offers 5% to 10% tariff reductions on about half their farm imports. Christian Herter, President Johnson's special representative for trade negotiations, has described the Common Market proposal as "very restrictive." The American Farm Bureau Federation wants the U.S. to pull out of the talks unless the Common Market makes a more generous offer. At stake is the $1.5 billion in annual sales of American farm products to the Common Market, which the U.S. fears the Europeans want...