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Economy / Surplus / US-Arabs / American Bus. #238303

CBS Evening News for Wednesday, Dec 24, 1975
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(Studio) Balance of trade surplus was $1.1 billion in November Report on United States relations with Arab oil producers.
REPORTER: Walter Cronkite

(New York) Berlitz Language School teaches 6 week Arabic and other Mideast language course for $3000. Busmen. feel the language could help in relations with oil producers. [US Arab Chamber of Commerce Ruddick LAWRENCE - says Arabs must finish industrialization before oil runs out; great opportunity for US.] United States spends $6 billion year for oil. Arab ntns. buy $10 billion of American services and products. Company in New York sells mobile 1st aid stations to Arabs. [President Med. Coaches Incorporated Ian SMITH - says company has doubled work force.] Orders pour in for motorboats and mayonnaise.
REPORTER: Gary Shepard

(Israel) Coca-Cola forbidden to do business with Arab ntns. Blacklist directed against 1000's of American firms; reasons cited. Arab ntns. buy auto parts from Ford Motor Company, also on blacklist. "Forbes", American business magazine, publishes in Arabic. Israeli support at issue in blacklisting.
REPORTER: Gary Shepard

(New York) [LAWRENCE - advises setting up personal relations with Arabs.] Mideast ntns. may be turning United States economy around.
REPORTER: Gary Shepard

Reporter(s):
Cronkite, Walter;
Shepard, Gary
Duration:
00:04:00

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