Word: quota
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Dates: during 1960-1969
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Before a group of Havana University students-and a countrywide TV audience-Major Ernesto ("Che") Guevara, the scraggly-bearded president of Cuba's National Bank and the top Red in the Castro government, explained that Cuba's 3,000,000-ton sugar quota on the high-priced U.S. market (5? per lb. v. 3? on the world market) was not a good deal at all. Instead, said Che, it was a "deceitful" Yankee device designed to "enslave" Cuba by keeping it a one-crop agricultural country. "The purpose is to preclude the industrial development of this country...
...State Department's reply was swift and to the point. If the preferential quota is so onerous, then give it up. The State Department reminded Cuba that her sugar growers "have the same status as U.S. producers." By selling to the U.S. instead of on the world market, Cuba last year got, in effect, a subsidy of "more than $150 million." In addition, a preferential tariff, 20% lower for Cuba than for sugar from other countries, gave Cuban exporters another bonus of almost $8,000,000. Said State: "It would be logical to conclude from Major Guevara...
...purchasing arms and planes; interests that bombed our cane fields and cities." The government's Cormbate hit the streets with an extra, calling the explosion "another U.S.S. Maine,"-hinted that the U.S. had blown up the ship to compel Cuba to accept revision of Cuba's sugar quota...
...textile industry last week laid before the Tariff Commission a country-by-country quota-protection program to offset the flood of foreign cotton imports. Bruised by competition from abroad, domestic cotton manufacturers recommended that each foreign country be limited to the volume of its 1955 cotton exports to the U.S. Otherwise, U.S. textile producers will be placed in the position where they will have to establish overseas plants to take advantage of less expensive foreign manufacturing facilities...
Cuba faces a similar threat from inflated Red prices and dumping in its agreement to sell the Russians 1,000,000 tons of sugar a year outside of its normal world quota. Warns one economist: "Much of what we call Soviet aid is in fact deferred barter...