Developing economies, for example, have a whole decade to cut the value of their export subsidies by 24% and the volume of subsidized exports by 14%.
Made up 97.3% of all identified exporters and produced 30.2% of the known export value in FY 2007.
But many of them do choose to locate in the expensive city and pay the high wage, and as I point out in my book, expensive places like Silicon Valley employ a larger share of American workers in high value, export industries than do cheap places like Houston.
For Americans concerned about their country's export prospects, the depressed value of the greenback ought to be good news.
But, says Jamie Nicholson of Warburg Dillon Reed, an investment bank, with car makers and other steel buyers increasingly looking for local suppliers to make just-in-time deliveries, the export potential of high-value products is not good.
Francis Lun, managing director of Lyncean Holdings in Hong Kong, said the accuracy of the export number was in doubt, based on what is known about the value of Chinese goods passing through Hong Kong, a semiautonomous Chinese territory.
Cheekily, perhaps, in view of its own farm bill, Washington has proposed the eventual abolition of all agricultural export subsidies and a limit on domestic farm subsidies of 5% of the value of total domestic production.
Acceding to De Beers's requests for secrecy, it refuses to disclose figures on the import and export of rough diamonds, their origin or their value.
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Business group CBI Scotland expressed frustration that export volumes had not been stronger, despite a drop in the value of sterling.
In the first three months of this year, Japan's real global exports were 10% lower than during the same period a year earlier, according to Richard Katz of the Oriental Economist Report. (A "real export" measures units shipped, not the yen value.) Nominal exports, measured in yen instead of number of widgets, have not taken such a severe beating.
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