Clinton maintains that foreign-owned firms set these prices artificially high in order to reduce their US taxable income.

The proposed minimum was to have been 75% of the average taxable income of a US company in the same industry segment as the foreign-owned firm.

The government began an intensive forestry development program in 1974, supposedly intended to increase management of the sector and to prevent exploitation by foreign-owned firms.

There are 1,950 foreign-owned firms operating in South Carolina employing almost 135,000 people.

Logging, largely handled by foreign-owned firms, provides the government US$60 million a year as of 1998, and laws mandate the safe and sustainable exploitation of timber.

New York, London and Berlin all rated higher on these counts, according to the poll of 478 foreign-owned firms published in the daily Asahi.

He initially nationalized foreign-owned firms and forced European investors out of the country.

However the popular image depict the episode an act of vigilantism of aggressive foreign-owned firms against small individual settlers defending their rights.

About half were local subsidiaries of foreign-owned firms or were Chadian firms with significant foreign capital.

The establishment of a partly foreign-owned firm in North Korea is an instance in which the Communist government is more open than its capitalist neighbor to the south.