ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Exit Walter Hallstein

ican companies have benefited the most, but recently increasing amounts of aid tied to fertilisers have been forthcoming frorp France, Ger- n\any and Japan. Since fertiliser exports to the developing countries are. determihed not by normal considerations governing international trade, like price, etc, but by the size of aid which the governments of the producing countries tie to purchase of fertilisers, there are strong pressures from fertiliser companies in each of these countries to push up such aid. That such pressures are far from ineffective can be seen, to take one instance, from Morarji De- sai's announcement in his budget speech that this year we will import $300 million worth of fertilisers compared to only $100 million worth three years ago. Most of this will no doubt be financed by non- project aid and will be supplied by companies in the countries which provide such aid.

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