Word: trade
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Dates: during 1960-1969
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...Okinawa, Sato made important concessions. He pledged to pick up a larger share of the Asian defense burden. To keep this pledge, he will double the country's military budget after 1972. He also agreed to increase Japan's economic aid to other Asian nations. On the trade front, he committed Japan to use multilateral Geneva talks to solve the problems created by Japan's rapidly expanding textile industry, which has been flooding the U.S. with its inexpensively produced synthetic fibers...
...Modest in scope, but significant in impact," said Richard Nixon of the foreign-trade proposals that he sent to Congress last week-and so they were. While his message reaffirmed the nation's 35-year-old commitment to freer trade, the President sought only minor new authority to cut tariffs. In effect, he promised that any Nixon Round of trade negotiations would consist only of hard-headed international horse trading...
Butler explained that painters and helpers often do the same work so that the helpers can gain experience in the trade...
Early in the meeting, Butler sought to describe the underlying aims and problems of the helper program. The program he said, was conceived by the University in 1967 as a "contribution toward employment of people not regularly employed before." The painting trade had been chosen as the first in which to establish a helper program because it involved the least skills, he added...
...South Africa's trade deficit is growing. The country must either sell more surplus gold to pay for imports or reduce them and invite domestic inflation. Some European bankers have been urging the U.S. to relax its opposition to South African gold sales for official reserves. Washington has rebuffed that idea, but last week Paul Volcker, Treasury Under Secretary for Monetary Affairs, suggested that if South African trade deficits grow to worrisome proportions, the country might instead sell some gold to the International Monetary Fund. After all, the IMF's main mission is to promote stability...