• Short Summary

    THE PEOPLE HERE ARE WORRIED THAT THE POSSIBLE US. TRADE BILL WILL LIMIT THE IMPORT?

  • Description

    THE PEOPLE HERE ARE WORRIED THAT THE POSSIBLE US. TRADE BILL WILL LIMIT THE IMPORT OF ITALIAN SHOES.

    LAST YEAR ALMOST 200 MILLION WORTH OF SHOES WERE EXPORTED TO AMERICA AND EVEN MORE WILL BE SENT OVER THIS YEAR.

    AFTER A YEAR OF UNREST OF SOCIAL AND LABOUR PROBLEMS ITALY'S INTERNATIONAL BALANCE OF TRADE HAS SUFFERED AND IF SHOE EXPORTS TO THE US. ARE CURTAILED THE SITUATION WILL GET EVEN WORSE AND THE WORKERS IN CASTEL FRANCODE SUTO ARE GOING TO SUFFER.

    THE FIRST ITEM TO SUFFER WOULD BE AMERICAN FARM PRODUCTS ESPECIALLY FEED GRAIN FROM SOYA BEANS WHICH EUROPE IMPORTS IN HUGE QUANTITIES FROM THE U.S. BUT COULD GET ELSEWHERE IF IT DID, THAT WOULD HURT A LOT OF AMERICAN FARMERS.

    ULTIMATELY, EVEN THE MOST SOPHISTICATED PRODUCTS COULD BE EFFECTED, EVEN JET PLANES. A SPLIT COULD BE COSTLY BUT HIGH TARIFF WOULD ENCOURAGE JOINT DEVELOPMENT OF A COMMON MARKET AIRCRAFT MEANING TROUBLE FOR THE U.S. AIRCRAFT INDUSTRY.

    IN ALL, MORE THAN BILLION IS INVOLVED AND ONCE THE BARRIERS START GOING UP NOBODY KNOWS WHERE IT'LL STOP.

  • Tags

  • Data

    Film ID:
    VLVA81YOUWDJYW94SZ3WUX5SR151
    Media URN:
    VLVA81YOUWDJYW94SZ3WUX5SR151
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    01/01/1970
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:03:24:00
    Time in/Out:
    /
    Canister:
    N/A

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