Word: traded
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Dates: during 1970-1979
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...offshore oil. The Vietnamese need for normal diplomatic ties with the U.S. became acute when four tropical storms hit in one week, flooding the Mekong Delta rice fields. The floods destroyed as much as 80 per cent of the rice crop, and Vietnam now needs the American trade embargo lifted to gain access to U.S. agricultural products. While the chronic Third World ailments are forcing Vietnam to push for closer ties with the United States the Carter administration, by not responding to Vietnamese gestures, is sacrificing any ability to realize the long term interests that the U.S. was supposedly protecting...
Wells Fargo currently loans one-fourth of one per cent of its portfolio to "entities" in South Africa the bank states are "essentially...trade related and finance the nation's international trade and the purchase of equipment from American suppliers...
...policy statement on South Africa, Wells Fargo says that although it does not condone the South African government's support of apartheid, "We believe...that the limited volume of loans we have with South African institutions is at a prudent level and serves to help stimulate the trade and economy of that country, which is essential for any long range improvement in the living conditions of all peoples there...
...bank stated at its annual meeting that "economic isloation" would not in its view eliminate apartheid and concluded that "the promotion of trade and investments and the support of economic development within South Africa will prove to be a most important vehicle for correction of the problem of apartheid...
...bank statement goes on to say. "The corporation will continue to consider financing proposals which support international trade and economic development and will rebound to the benefit of all South Africans...