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In 1988, the foreign trade bureaucracy reflected the monopoly specification system created by the 1930 Decree Number 358. Under the authority of the Communist Party of the Soviet Union (CPSU) and the Council of Ministers, six central bodies, the Ministry of Foreign Economic Relations, and numerous FTOs together planned, regulated, monitored, and carried out all Soviet foreign economic activity.
The foreign trade of the USSR was a government monopoly and was conducted by the Ministry of Foreign Trade. This ministry maintained control over the planning and operation of foreign trade through main administrations for imports and exports and for certain large geographical areas, as well as through foreign-trade corporations holding ...
In the United States, CoCom compliance was implemented by various statutes authorizing the President to regulate exports, including the Export Control Act of 1949, the Export Administration Act of 1969, the Export Administration Act of 1979, the Arms Export Control Act (AECA), the Trading with the Enemy Act, and the International Emergency Economic Powers Act, among others.
In 1989, the official GDP of the Soviet Union was $2,500 billion [74] while the GDP of the United States was $4,862 billion [75] with per capita income figures as $8,700 and $19,800 respectively. The USSR was the first major non-Western country to close the developmental gap that had existed with the West since the 16th century.
The main negotiations for the deal took place on June 20, 1972, at The Madison hotel in Washington, D.C., with two Soviet teams, one led by foreign trade minister Nikolai Patolichev and the second led by Nicolai Belousov. On the American side were multiple representatives of American grain businesses and officials representing the U.S ...
In 2019, Florida Gov. Ron DeSantis signed a bill that would allow the state to import drugs from Canada. However, the legislation still required approval from the Department of Health and Human ...
A product that is transferred or sold from a party in one country to a party in another country is an export from the originating country, and an import to the country receiving that product. Imports and exports are accounted for in a country's current account in the balance of payments. [3]
The Biden administration is imposing new restrictions on firearms exports and increasing scrutiny on transactions to limit diversions of guns to drug cartels, criminal groups, gangs and others ...