The Hemisphere: German Comeback
Six West German trade experts stepped out of an airliner this week at Buenos Aires' Ezeiza airport. Their mission: to negotiate a new trade agreement with Argentina. Said Dr. Günter Seeliger, the mission chief: "It will not be double the old [$132 million] agreement, but we hope it will be a good deal larger."
With nine bilateral trade treaties in effect and exports to the area running at the rate of $300 million a year, Germany is staging a noteworthy comeback in Latin America. Once again, the Argentines, the Brazilians (who once bought more from Germany than from any other supplier) and their smaller neighbors are getting
German iron & steel, machinery, chemicals, cameras and harmonicas. There is a possibility that this year Germany may nose ahead of Britain as No. 2 exporter to Latin America (No. 1: the U.S., with $3 billion a year).
Latin Americans are rediscovering German thoroughness. "Our correspondence is answered promptly in correct Spanish," reports a pleased Caracas merchant. "German salesmen are technicians who not only know what is in the catalogue but how to dismantle and reassemble every item. If there is any difficulty with any piece of equipment it is replaced immediately without question."
As in the years before World War II, Germans are offering more flexible credit terms than their competitors. "Americans often display a take-it-or-leave-it attitude toward their latino customers," explained a German in Lima. "We don't. We plan to treat them better than we treat our customers at home."
Most Popular »
- The Growing Backlash Against Overparenting
- Prehistoric Super-Crocodiles May Have Dined on Dinosaurs
- Amid Concern About India's Lost Clout, Singh Comes to Washington
- Woman Loses Benefits over Facebook Photo
- Toilets
- The Fall of Greg Craig, Obama's Top Lawyer
- Can the A380 Bring the Party Back to the Skies?
- Why Exercise Won't Make You Thin
- Man in Coma Heard Everything for 23 Years
- Troubling Rise of Facebook's Top Game Company
- The Growing Backlash Against Overparenting
- Prehistoric Super-Crocodiles May Have Dined on Dinosaurs
- How One Army Town Copes With Post- Traumatic Stress
- Beijing: 10 Things to Do in 24 Hours
- Man in Coma Heard Everything for 23 Years
- Will Private Equity Be the Next Meltdown?
- The Fall of Greg Craig, Obama's Top Lawyer
- Female Sexual Dysfunction: Myth or Malady?
- U.N.: More Children in School, Fewer Dying
- Troubling Rise of Facebook's Top Game Company







RSS