Word: exporter
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...agreement among 29 countries, which is managed by the London-based International Tin Council, consisting of producers and consumers. (The U.S. does not belong.) The council maintains the metal's price within a specified range, principally by selling from buffer stocks when demand is high and imposing export quotas to restrict production when prices are falling...
...Convention (named for Togo's capital city, where the accord was signed) put into effect earlier this year by the European Economic Community and 46 nations, mostly former European colonies in Africa, covering twelve commodities. When export revenues fall below a reference point, the EEC makes compensating cash payments to commodity producers. When incomes rise above the reference point, the producers must reimburse...
...want to "index" raw-materials prices to rates of inflation in the West so that commodity prices will rise as much as the prices of manufactured goods. Kissinger flatly opposes that idea, contending that it would hurt the poorest, most populous nations, which import more raw materials than they export. It is doubtful too that the new U.S. willingness to consider stabilization agreements will diminish commodity producers' desire to form cartels that set prices arbitrarily. Nonetheless, international bodies such as the United Nations Conference on Trade and Development are opening a drive to counter price swings by stabilization agreements...
...real income per capita, are by definition L.D.C.s.) Now, as the number of countries on earth has kept increasing and as the disparities in resources become more and more spectacular, people are speaking of a Fourth World, meaning Bangladesh, India, Uganda and many others deep in poverty, lacking sufficient export earnings...
...duties on cheese imported from the Common Market, responding to American dairymen who were annoyed by the agricultural subsidies that European dairy farmers received. But American negotiators persuaded the Europeans to forgo most of the subsidies instead-a move that might cost the Europeans half their $70 million cheese-export business to the U.S. because it will drive up the price of imported cheese in American stores. The duties might have cut sales even more severely. Within the Common Market, pressure from French winegrowers suffering from two years of overproduction led the government in March to restrict imports of cheap...