Export briefs


Material Information

Export briefs
Physical Description:
v. : ; 27 cm.
AIMS (Organization : U.S.)
United States -- Agricultural Information and Marketing Services
United States -- Foreign Agricultural Service. -- Export Promotion Division
United States -- Foreign Agricultural Service. -- Export Trade Services Division
Export Trade Services Division, Foreign Agricultural Service, U.S. Dept. of Agriculture
Place of Publication:
Washington, D.C


Subjects / Keywords:
Produce trade -- Periodicals   ( lcsh )
Export marketing -- Periodicals   ( lcsh )
federal government publication   ( marcgt )


Issuing Body:
Vols. for <Feb. 2, 1979>-Jan. 15, 1982 issued by: Export Trade Services Division; Jan. 22, 1982-19 issued by Export Promotion Division; <July 4-10, 1985-> by: Agricultural Information and Marketing Services.
General Note:
Description based on: Feb. 2, 1979; title from caption.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 000337089
oclc - 04506671
notis - ABW6748
System ID:

This item is only available as the following downloads:

Full Text


The following trade items have been gathered from Agricultural Attache and other government reports as a
service to U.S. exporters of foot -and-e-- =tagri --@ podut. y u--" pying the trade leads the Department of
Agriculture does not guarantee re labil!tyofthov rrs quirm YoUr best source for further information on
these trade leads is the listed fo eign' firm'brgina th e'' ury. 'ou may also contact the Export Trade
Services Division, FAS, (2Q2) 447-7103.
AUG 3 198 Jly 17, 1981

i a S, lniv. of Florida
1693 Soybean meal (England). Wanrts app 6r. 3,000T Ots soybean meal, protein
44-45 percent; fibre maximum 10 percent; cresolered absorbed maximum 5
percent, 3.5-4 m.g./9. Packaging: (a) in loose bulk packed in container
and (b) in hessian or woven polyprop bags of 50 kilo each. Quote FOB port
of loading Port Louis, Mauritus and Maputo, Mozambique. Delivery date
ASAP. Bank ref: Barclays Bank Ltd, Shirley Branch, Southampton, England.
Contact: Mr. Peter Cheng, Overseas Distributors Ltd, 8 Shirley High
Street, Southampton, England. Phone: 0703 781084. Telex: OVERSEAS 47388.

1694 Rice (England). Wants 10,000 tons (potential 100,000) rough rice, 25-35
percent breakage max, 15 percent max humidity content. Quote C&F, West
Africa. Delivery Immediate. Bank ref: National Westminster Bank Ltd.,
208 Piccadilly, London Wl. Contact: Mr. R.P. Harvey, Raymund Harvey
Associates Ltd, 19/21 Great Portland Street, London Wl. Phone: 01-637
S2281. Telex: 21980.

1695- Butter, dried milk, cheddar cheese (Lebanon). Major importer of food and
1697 dairy products wishes to buy butter: 4,000 metric tons (mt); butteroil:
5,000 mt; skimmed milk: 4,500 mt; cheddar cheese: 1,500 mt. Highest
quality: to be specified by sellers. Retail packing for cheddar cheese;
retail and bulk packing for other products. Delivery second half CY 1981
in monthly intervals of about equal quantities. Quote FOB U.S. East Coast
Ports, telex offers preferred. Bank ref: Royal Bank of Canada and Banque
National de Paris Intercontinental (BNPI) Beirut, Lebanon. Contact:
Oreste Vincenti, ETS. G. Vinceni and Sons, P.O. Box 11-2019 Beirut,
Lebanon. Telex: LE 21236 VINCO. Cable: VINCO Beirut. Phone: 332132
& 321921 Beirut.

1698 Soybean meal (England). Wants soybean meal for poultry 1,000 tons to be
shipped 250 tons quarterly. Quality 44 percent protein content, minimum.
Packaging 50 kilos or 25 kilos in bags, lined 2 or 3 plypaper. Quote CIF,
Alexandria, Egypt. Delivery date ASAP. Bank ref: National Westminster
Bank Ltd, Oxford Street, London Wl. Contact: Mr. Farid El Masry,
Pharaomic Nile Cruises, 296 Regent Street, London W1, England. Phone: 01
580 4319. Telex: 27473.

1699 Crude degummed soybean oil (England). Wants 4,000 mt of crude degummed
soybean oil. Packaging drums, palletised. Quote FOB and C&F Dar Es Salaam
for shipment to Zambia. Delivery date ASAP. Other requirements 4,000 mt

Issued weekly by the Export Trade Services Division. Foreign Agricultural Service. U.S Department of
Agriculture. Room 4945 South Building, Washington. D.C. 20250

to be split into 2 equal shipments of 2,000 mt with interval of 3/4 weeks
from first shipment in August 1981. Contact: Mr. R.N. Hulett, Gardregal
Ltd, 32a Newbury St., Wantage, Oxon, England. Phone: 092357 66336.
Telex: 837867.

1700 Dried milk (England). Wants instant powdered milk, container loads, 26
percent 28 percent, in 25 kg bags. Quote FOB plus freight charges extra
at cost. Delivery date ASAP. Bank ref: Barclays Bank Int.Ltd, 33 Old
Broad Street, London EC1. Contact: Mr. J.G. Welss, K. Chelladam & Sons
(London) Ltd. 16-26 Banner Street, London EC1Y 8QE, England. Phone: 01
253 0676. Telex: 21984.

1701 Oilcake (England). Wants oilcake (ground nut, sunflower, soya), 5,000 mt.
Packaging bulk or bagged. Quote FOB plus freight to Durban and Capetown
advising departure port. Delivery date ASAP URGENT. Bank ref: Williams &
Glyns Ltd, 5/10 Great Tower Street, London EC3. Contact: Mr. P. Cross,
Coutinho Caro & Co. Ltd., Walker House, 87 Queen Victoria Street, London
EC4, England. Phone: 01 236 1505. Telex: 884733.

1702 Butter (England). Wants unsalted butter, 25,000 tons, 82 percent fat, 16
percent water, Ph 5 to 6, packaging in blocks of 25 kilos. Quote CIF,
Banda Abbas, Iran. Delivery date ASAP. Bank ref: Barclays Bank Ltd.
Contact: Ms. M. Mirken/ Mr. D. Pryke, "Highfield" Epsom Rd., Leatherhead,
Surrey, England. Phone: 01 537 2488. Telex: 895 1126 COMMAR G.

1703 Evening Primrose oil (England). Wants Evening Primrose oil. Quantity
substantial and to be determined. Quality pure for human consumption in
capsules packed by buyer. Packaging bulk in vats or other suitable
containers. Ouote CIF ex-duty Canada and USA. Delivery date ASAP. Bank
ref: National Westminster Bank. Contact: Mr. Anthony Hyde, Sunrise
Natural Foods Ltd, 38 Lower Belgrave Street, London W1, England. Phone:
730 4258.

1704 Beer (St. Vincent). Wants canned beer, 200 cases a month, 24 x 10 ounce
cans. Quote CIF. Bank ref: Barclays Bank International, Ltd. Contact:
L. Pobinson, Managing Director, Lyric Trading Co., P.O. Box 179, Kingstown,
St. Vincent, W.I. Phone: 809-45-61601.

1705 Butter, (Syria). Request offers for 1,500 mt (plus/minus 10 pet) fresh cow
butter. Bid bond 5%. Performance bond 10 pet on purchase confirmation.
Offer deadline: August 20, 1981. Contact: The Homs Dairy Products
Company, P.O. Box 406, Homs, Syria.

1706 Baby chicks (Syria). Request offers for 19,200 female and 2925 male day
old layer chicks to be supplied in two consignments. Offers requested C &
F Damascus airport. Bid bond 5 pet with offer, to be substituted, on
purchase confirmation, by 10 pct performance bond by certified cheque or
bank guarantee or in cash. Offer deadline August 17, 1981. Offers should
be valid for 50 days. Contact: Aleppo Poultry Establishment, P.O. Box
3109, Aleppo, Syria.

1707 Brahaman (Korea). Heifers 180 head, body weight, 250-300 kg; steers -
165, body weight, 250-300 kg and bulls (breeding stock), 5 head, 2 years
old. Pulls must be registered, other commercial grade. Delivery between
Oct. 10 Nov. 5, 1981. C&F quotation should include international airfare

(round trip) and other expenses required for a Korean Inspector. Response
by Telex or Cable. Quote C&F (AIR), Busan, Korea. Bank ref: Myung-Dong
Branch, Korea Exchange Bank, 1-60, Myung-Dong, Chung-Ku, Seoul. Phone:
776-8045. Contact: J. C. Lee, Nam Yeung Industrial Co., Ltd., 52-7,
Myung-Dong, Chung-Ku, Seoul, Korea. Telex: K27257. Phone: 776-1112/5.

1708 Soybean Oil (Syria). Requires offers for 2,000 mt of fully refined pure
soybean oil according to American condition ACCS method with free fatty
acid max 0.05 pet, packed in (A) 15-23 kilogram tin cans boxed in
exportable cardboard boxed and or (B) in new 200 kilogram steel drums/
shipment during August/September 1981 in containers. Offers C&F liner
terms Lattakia/Tartous including 3 pet Geza Commission. Bid bond 1 pet and
5 pct performance bond up on purchase confirmation. Offer deadline July
27, 1981. The Foreign Trade Organization for Chemicals and Foodstuffs,
Syria. Cable: GEZA. Telex: 11009 SYRIA.

1709 Fruits for Marmalades, jams (Netherlands). Fruit juices (orange, others),
cherries, strawberries, rhubarb, to be processed into marmalades, jams,
etc. container loads. Quote CIF Rotterdam. Bank ref: Amro Bank Oud
Beijerland. Contact: T.C. Vos, A.J. Vos, Langeweg 5, 3260 Ad Oud
Beijerland, Netherlands. Telex: 25554. Cable: VOSCO. Phone:

1710 Milk powder (Sri Lanka). Tender for 8000 mt of full cream milk powder
containing 26 percent butter fat. The milk powder should be packed in 25
kilo kraft paper bags for delivery in Colombo in monthly lots during
December 1981 to June 1982. Samples of the item offered must be sent to
reach the CWE not later than August 7, manufacturers only. Contact:
Secretary Tender Board, Cooperative Wholesale Establishment, Union Place,
Colombo 2, Sri Lanka.

1711 Peanut butter (Germany). In jars, packed in cartons, firm wants to use own
label. Quote C&F Hamburg. Bank ref: Deutsche Bank Ag, D-2000 Hamburg,
West Germany. Contact: Claus-Juergen Moeller, Hans Georg Moeller Gmbh &
Co., Doormannsweg 43, P.O. Box 7711, D-2000 Hamburg 19, W-Germany. Telex:
0214197 OMEGA D. Cable: HAGEMO, HAMBURG. Phone: (040) 43-10-71.

1712- Baby milk formulas and baby food (Germany). Samples requested,
1713 representation of US firm desired. Quote C&F Hamburg or Iran. Bank ref:
Commerzbank Kiel, D-2300 Kiel, West Germany. Contact: Mahmoud Nazari, Ict
Gmbh, Blumenring 18, 09, 48, D-2382 Kropp, West Germany. Telex: 0221357
ICT D. Phone: (04624) 994.

1714 Frozen cherries (Germany). (a) Sweet black cherries, pitted, frozen (b)
red sour pitted cherries, frozen, container loads, grade A for pits, grade
B for general quality, 40 pounds barrier packs for black cherries, blackest
possible (Black Republican). Quote C&F or CIF Hamburg. Bank ref:
Deutsche Bank Ag, D-2000 Hamburg, West Germany. Contact: Dietrich
Scheuer, Friedrich Sauer Gmbh, Lilienstr. 36, D-2000 Hamburg 1, 2 West
Germany. Telex: 02161975 SAUER D. Phone: (040) 32-12-01.

1715 Bees (Germany). Package bees, 200 packages, Carnilian strain preferred, or
Italian or Caucasian, two or three pounds per package. Delivery spring
1982. Quote CIF German Airport (Hamburg). Bank ref: Postcheckamt Hamburg
D-2 Hamburg West Germany. Contact: Michael Schmahl, Imkerei Schmahl,
Mellenbergstieg 7, D-2 Hamburg 67 West Germany. Phone: (40) 603-76-31.

1716 Frozen corn (Germany). Frozen sweet kernel corn, container loads, A and B
grade, bulk pack. Quote C&F or CIF Hamburg. Bank ref: Deutsche Bank Ag
D-2 Hamburg West Germany. Contact: Ditrich Scheuer, Friedrich Sauer Gmbh,
Lileinstra. 36 D-2 Hamburg 1 West Germany. Telex: 02161975 SAUR D.
Phone: 040 32-1201.

1717 Sorghum (Niger). Customer wishes to purchase 10,000 tons of number 2
yellow sorghum ASAP, due to critical food situation in Niger. Buyer,
SPIRIC, is a major organization. Prefers product to be shipped in sacks,
CIF Lome. Bid may be in English and should be sent ASAP. Contact: Jean
Jabra, Secretaire General, SIPRIC (Societe International Pour La Promotion
Industrielle Et Commerciale), B.P. 713, Niamey, Niger. Telex: 5285 N1.

1718 Yorkshire, durco, landrace (Bahamas). Breeding hogs, sows 6 months to 1
1720 1/2 years, boars, 8 months to 15 months, 250 head, 10 percent males,
Yorkshire, Durocs, Landrace, fine breeders required. Delivery summer
1981. Quote CIF Nassau, FOB Miami International Airport. Contact: Earl
Deveaux, Bahamas Ministry of Agriculture, P.O. Box N 3028, Nassau,
Bahamas. Phone: 809-322-5411.

1721- Broilers, eggs, rice, corn (England). (a) Frozen chicken (broilers),
1724 muslim killed, Grade A Halal Certificate, 2,000 mt each month; (b) fresh
eggs, (c) long grain rice (white polished 4% broken, grade 2, 50,000 mt;
and (d) yellow corn. Packaging: International Standard packaging. Quote
C&F Alexandria, C&F Kuwait, Bandar Abbas and Taiwan. Delivery URGENT -
ASAP. Bank ref: Barclays Bank Ltd. Contact: Mr. Zaidi, One Hydethorpe
Rd, London SW12, England. Phone: 01 673 2504. Telex: 8813271 ANSWER

1725- Canned Chinese foods, seafoods (England). Canned prepared Chinese foods
1726 (like chow mein, fried rice, etc) and (b) canned seafoods like red salmon,
mackerel, in various sauces. Wants large quantities but would like to see
offers initially. Packaging in various accepted sizes. Quote CIF London
in sterling pounds. Delivery ASAP. Bank ref: Union Bank of India, 75-79
Coleman Street, London EC2. Contact: Kishore Nagrani, Feltmass Ltd, 19-21
Wilson Street, London EC2, England. Phone: 01 628 0898. Telex: 8811725

1727 Eggs (Egypt). Request bids for Tender No. 5 (1981/1982) for thirty million
fresh eggs in free currency, each egg weighing 40-45 grams. Committee is
entitled to increase or decrease the quantity as committee may find
suitable. To be shipped and to arrive in two or three consignments,
September through November 1981 at committee's option. Offers to be
submitted latest noon Tuesday, August 8, 1981. Offers must be made through
an Egyptain agent. Contact: General Authority for Supply Commodities,
Purchasing Committee for Animal Products, 24, El-Gomhouria Street, Cairo,
Egypt. Cable: ESTRAM. Telex: 92062 ESTRAM.

1728 Frozen chicken (Egypt). Request bids for Tender No. 4 (1981/1982) for the
supply of 5,000 tons plus or minus 10 percent frozen chickens. Purchasing
committee is entitled to increase or decrease the quantity as committee may
find suitable. This is not an AID purchase. Delivery October 1981 in
one consignment. Offers to be submitted latest noon Monday, August 10,
1981. Offers must be made through an Egyptian agent. Contact: General


Authority for Supply Commodities, Purchasing Committee for Animal Products,
24, El-Gomhouria Street, Cairo, Egypt. Cable: ESTRAM. Telex: 92062

1729- Canned milk, seafood, flour, rice (Cameroon). Wishes to buy condensed and
1732 evaporated milk, flour and other grain mill products, milled rice and
by-products, canned and cured seafood, sardines in edible oil. Prospective
buyer requires documentation and price list FOB Douala port. Contact:
Alhadji Abdou Guidado Debangkejo, Ets. Aii Satou Abdou, P.O. Box 436,
Bamenda, Cameroon.

1733 Baby chicks (Ecuador). Wants 50,000 to 100,000 per month of baby chicks
for white meat broilers, full maturity at 8 weeks. 100 chicks per box.
Immediate delivery. Can make weekly or by-weekly shipments not to exceed
total monthly amount shown in above. Quote C&F Quito by air and FOB. Bank
ref: Banco Popular, Amazonas 648; Quito, Ecuador. Phone: 548-100.
Contact: Francisco Holguin, Industrias Safari, P.O. Box 5144; 10 De Agosto
5836; Quito, Ecuador. Phone: 451-146, 550-746.

1734 Rice (Ivory Coast). 20,000 mt, 25-35 percent broken, in 50 kg bags. Quote
C&F Abidjan, or Lome, Togo. Bank ref: S.I.B. (Societe Ivoiriene De
Banques) Acct. No.: 30704266Y, EXIMCO. Contact: Aguie Joseph,
International Export-Import Company, 08 B.P. 261, Abidjan 08 Ivory Coast.
Telex: 3292/3299. Phone: 32-65-18.

1735 Apples (Malaysia). Fresh, red apples, one container load, first grade,
stored under controlled atmosphere conditions, in cartons, prompt
delivery. Quote CIF Penang. Bank ref: United Asian Bank, Penang,
Malaysia. Contact: Ashvin H. Bhatt, H.H. Bhatt Sdn Bhd, P.O. Box 415,
Penang, Malaysia. Telex: MA 40269 BHATT. Cable: "GOODSTAR". Phone:
(04) 360-326, (04) 63-786.

1736 Corn nuts (Korea). 20 mt, U.S. standards (high quality), 50 kg paper bag,
or an appropriate packing, delivery mid August. Quote C&F Kimpo, Korea.
Bank ref: Hanil Bank, Towekyero Branch, ]25-L, 4-KA Choongmuro, Chung-Ku,
Seoul. Contact: Kim, Sang Pup, Kimex Trading Company, 205 Dongkyo Bldg..,
58-4, 2-KA Taepyung-Po, Chung-Ku, Seoul, Korea. Telex: K-26489 KUmSAN.
Phone: 28-4677.

1737 Santa Gertrudis (Mexico). 1 hull, 1 heifer. Quality: grade. Delivery:
September or October 1981. Breeding stock. Quote FOB border. Bank ref:
Bancomer, Plaza Principal, Dolores Hidalgo, Cuanajuato. Contact: Luis
Arteaga Quevedo, Calle Chiapas No. 15, Dolores Hidalgo, Guanajuato, Mexico.

1738 Michigan pea beans (Zimbabwe). One to two tons. Quality: number one
grade, bulk shipment within two to three months. Quote CIF, C&F, & FOB.
Bank ref: Merchant Bank of Central Africa, Salisbury, Zimbabwe. Contact:
P. Winkler, Tanrose Foods (Pvt) Ltd., P.O. Box 3813, Salisbury, Zimbabwe.
Telex: RH 4279. Phone: SALISBURY, 70-3786.

1739 Sugar (Hong Kong). 4,000 mt, 99.7 percent moisture. Would like price of
U.S. $375 mt FOB. Bank ref: National Bank of Pakistan, H.S.B.C. Banque Et
L'Indochine Et De Suez. Contact: Miss L.L. Wai, Al Alami Shipping &
Trading Co., Ltd, 1614 Ocean Centre, Kowloon, Hong Kong. Telex: 34030
ALAMI HX. Phone: 3-696-196/7.

1740 Frozen vegetables (Hong Kong). Frozen mixed vegetable (1/3 peas, 1/3
carrots, 1/3 corn), one container load, good quality, two to three lb,
plastic bags, ten bags to a carton, for repacking in H.K. into smaller
plastic bags. Quote C&F and send air mailed samples. Bank ref: Sin Wah
Trust Savings & Commercial Ltd., 42-48 Shan Tung St., Mongkok, Kowloon.
Contact: William John Evans, American United Finance Ltd, 1905-6 Park-In
Commercial Centre, 56 Dunda Stgmn Kowloon, Hong Kong.

1741 Pasture and forage seeds (Spain). Quantity unspecified. Must be
certified. Packaging: 25-50 kilo original bags. Quote CIF Bilbao and/or
Barcelona. Delivery: three months. Other requirements: Varieties
offered must be included in the Spanish cultivar register. Bank ref:
Hispano-Americano. Contact: Francisco Esgueva-Palacios, Productores De
Semillas, S.A., Apartado 226 6 Valladolid, Spain. Phone: 983/23 48 00.

1742 Garlic bulbs, walnuts, onions (Spain). Spanish import firm has requested
quotations (CIF) for the following products (quantity unspecified): Garlic
bulbs, clean roots, cut stems (in crates); unshelled walnuts (in 25-kilo
bags); onion (in bags). Name of company is Viuda De Felix Miro, Calle
Fussina, 3, Barcelona-3. Telex: 53907 MIRO-E. Phone: 93/319 81 40.

1743- Broilers, pork, veal (Canary Islands). Wants to buy broilers, Grade A
1745 calibrated, drumsticks; regular ham (401A), loin (411) loins (410)
tenderloins, individually wrapped in polyethylene; and veal, eye of round
(171C), sirloin strip (180) short loin, tenderloin, labels in Spanish.
Quantity of above items undetermined. Quote C&F Las Palmas De Gran
Canaria. Bank ref: Central. Contact: Oscar C. Irazuzta, P.O. Box 2097,
Las Palmas De Cran Canaria. Telex: 92276 OCI E. Phone: 928/276 819.

1746 Vegetable and forage seed (Canary Islands). Quantity unspecified, suitable
for semi-tropical climate (26 degrees max. and 13 degrees min.,
centrigrades). Packaging vegetable seeds in 500 and 1,000 gram hermetric
cans. Forage seed in 24-kilo bags. Quote CIF. Bank ref: Exterior De
Espana. Contact; Jose Purrinos-Rodriguez, Casa De Las Semillas "Varela",
Calle Buenos Aires, 12 Las Palmas De Gran Canaria. Phone: 928/370 159.

1747 Popcorn, beans, lentils, walnuts, peanuts, bird seed (Spain). Spanish firm
would like to receive CIF and C&F quotations for the following products
(quantities unspecified): Corn for popping (in 25-kilo bags), dried beans,
lentils, walnuts, shelled (25 lbs cardboard boxes) and unshelled (25 kilo
bags), peanuts, shelled and unshelled, and bird seeds. Bank ref:
Santander and Vizcaya. Company's name is Ferrer Segarra, S.A., Apartado De
Correos 23, Jativa (Valencia), Spain. Cable: GAFERRA. Phone: 96/288

1748 Lentils (Spain). Quantity: unspecified, Grade 1. Packaging: in bulk and
in 50 kilo jute bags. Quote C&F. Bank ref: Atlantico. Contact: IFA
Espanola, S.A., Clara Del Rey, 32 Madrid-2, Spain. Telex: 46862 E.
Phone: 91/416 24 50.

1749 Ornamental plants (Spain). Ornamental plants (large variety) cuttings -
with roots and rootless. Quantity: 1,500 square meters annually
(approx.), good quality. Quote CIF Valencia Port or airport. Delivery
monthly. Other requirements: Phytosanitary Certificate and Certificate of
Origin required. Rank ref: Comercial Transatlantico. Contact: Francisco

Domingo-Ibanez, Jardin De San Valero, S.L., Carretera Real De Madrid, Km.
234 Beniparrell (Valencia), Spain. Telex: 62130 JASV E. Phone: 96/120
1950. Cable: JASVALERO.

1750 Broilers, young hens (Netherlands). U.S. chicken-frozen, 25,000 tons,
broilers and young hens, 10-12 broilers per carton, 800-1400 grams weight,
Muslin killed, health'certificates should state Muslim killed. Quote CIF
or C&F Alexandria, Egypt and Kuwait. Bank ref: Rabo Bank. Contact: P.
Selhi, Fairview International, loofdweg 467, 1056 CX Amsterdam,
Netherlands. Telex: 43286. Cable: MEDO. Phone: 020-188748.

1751 Rock lobsters (Switzerland). Rock lobsters, Florida, cooked, individual
quick frozen, sized 3/4-1 lb and 1 lb-1 1 1/4 lb, 5-10 mt, first quality,
individual poly wrap. Quote CIF Rotterdam, preferably from packers
direct. Bank ref: Credit Suisse, Geneva. Contact: Marcel Perrenoud,
Director, Mep Sa., P.O. Box 21, 1267 Coinsins (VD), Switzerland. Telex:
289636 MEPCH. Phone: 022 64 18 02.

Foreign Trade Development

New Italian requirement for 30 percent of value deposit. Recent
strengthening of the dollar versus European currencies and continuing
balance of payments problems caused Italy to impose by decree a 30 percent
of value deposit requirement on most imports involving foreign currency
outlays. Aimed among other things at curbing speculation against the lira,
the requirement, which specifically exempts petroleum and wheat imports, is
that traders, buyers and Italians travelling abroad deposit without
interest for 3 months in the Bank of Italy a lira sum equivalent to 30
percent of the foreign currency purchase involved. At current interest
rates, the measure is estimated to amount to a 2 percent cost increase of
the import involved.


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