Far East-South Asia Represents Favorable Locale for U.S. Sales

For most of the countries of the Far East and South Asia region, the outlook is favorable for continued growth of U.S. sales during 1979. Even with the still growing imbalance of U.S. trade with the areas, U.S. exports are expected to reach $29 billion in 1979. Despite recent U.S. recognition of the...

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Bibliographic Details
Published in:Business America 1979-01, Vol.2 (3), p.35
Main Author: Brosnan, Ann P
Format: Article
Language:English
Subjects:
Balance of trade
Economic conditions
Economic growth
Economy
International trade
LDCs
Manycountries
Markets
Trade promotion
Trade relations
US exports
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Summary:For most of the countries of the Far East and South Asia region, the outlook is favorable for continued growth of U.S. sales during 1979. Even with the still growing imbalance of U.S. trade with the areas, U.S. exports are expected to reach $29 billion in 1979. Despite recent U.S. recognition of the Peking Government as the sole legal government of China and the serving of diplomatic relations with the government of the Republic of Taiwan, the U.S. will retain a strong commercial presence in Taiwan. Japan, which accounts for about half of U.S. shipments to the region, has been increasing its imports from the U.S., but at a far slower pace. Gaining more prominence in the region for mutual cultural and economic development is the Association of Southeast Asian Nations. Economic conditions are generally favorable throughout the Asian Pacific area, offering promising markets for U.S. exporters.
ISSN:0190-6275