Word: exporter
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...price of the mark rise 12% from its last official level relative to the dollar, but it has two other goals. One is to force the Japanese yen up by a higher percentage in order to reduce the price advantage that Japanese goods hold over German merchandise in export markets. The Germans also want to push the French franc up as much as possible in order to minimize any French advantage over Germany in trade within Europe...
JAPAN. Washington spokesmen buttress their complaints about Common Market protectionism by emphasizing Japan's failure to build a sizable European export market. The U.S. is trying to persuade the Europeans to buy more Japanese goods, figuring that the Japanese would then ease their selling pressure in the U.S. Last year the U.S. took 30.7% of Japan's exports, while the Common Market countries took only 6.7%. Japan sold fewer than 35,000 cars in the Common Market Six last year, only 400 in West Germany. In electronics and textiles, too, the Japanese meet stiff resistance. According...
...group of American firms, including United States Steel Corp., signed contracts to sell $65 million worth of ore-mining and oil-drilling equipment to the Russians in return for $60 million worth of Soviet nonferrous metals. Two weeks earlier, the Commerce Department had approved export licenses for American firms to ship $528 million worth of heavy equipment intended for the Soviet Union's new Kama River truck factory. Meanwhile, the Nixon Administration announced the sale of $130 million worth of corn and other cattle "feed to the Russians...
France's economic abilities are showing well now. Last year the country's auto production grew 23%, to 2,500,000 units, partly because of an aggressive export campaign that induced West Germans to buy more Renaults (154,000) than any other foreign car. The French arms industry ranks second only to that of the U.S., and has recently gained new customers in the Middle East and Latin America. French computers, which were introduced in 1960 and long regarded as one of Charles de Gaulle's empty bids for prestige, have turned into a profitable, $150 million...
Charges of red tape in Washington are common enough, but rarely are they made by high Government officers. In a new report, Secretary of Transportation John Volpe reveals some shocking statistics about the high costs that red tape tack on to the nation's imports and exports. Says Volpe: "The cost of documentation in U.S. international trade has reached nearly $6.5 billion annually, or 7.5% of the value of U.S. export and import shipments." The documents are demanded mostly by the Government, but also by banks, insurance companies and shipping firms. Items...