Word: importance
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Dates: during 1970-1979
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...sugar industry meet foreign competition. The Administration favors direct subsidies; this would keep down prices to housewives and big consumers (including Coca-Cola, which is headed by Carter's old friend J. Paul Austin). But subsidizing low-priced sugar reduces demand for corn fructose. Congress favors sugar import duties and quotas, which would raise prices and help producers of both sugar and corn sweeteners...
...Carter rejected suggestions for import quotas and adopted a temporary program to pay producers up to 2? per lb. whenever the price of sugar dipped below 13.5? per Ib. The program was to stay in effect until Congress approved the International Sugar Agreement to stabilize world prices at between 15? and 19? per Ib. through Government stockpiling. Instead, Congress amended the farm bill, which became law Oct. 1, with a program of loan supports, tariffs and import fees intended to satisfy producers of both kinds of sweetener...
...White House problems, Long led a congressional delegation to the White House last week to press for sugar import fees and quotas. Said he: "If I went to my cane farmers and said something nice about President Carter, I would be lucky to get out with my hide." The President was conciliatory and promised to take a personal hand in finding a compromise to end the controversy...
...second year in a row, an international financial consortium made up of the U.S., Saudi Arabia, the World Bank, the International Monetary Fund and several European countries has agreed to a multibillion-dollar aid package covering Egypt's foreign-currency needs. Though that will allow Sadat to import enough wheat to keep his people fed, they still hunger for the peace-borne prosperity he has led them to expect. Says one White House official: "If we can't get the negotiations process restarted now, Sadat may have to take a walk. If that happens, it may take another...
...Liberalizing Export-Import Bank loans to finance not only foreign buyers of American goods but export-related plant and equipment spending...