Sunday, April 02, 2006

Truth About Trade & Technology - Commentary: Sweet Opportunity

One can't help but wonder what would happen if the US abandoned sugar supports.

Commentary: Sweet The U.S. price of sugar has been two to three times higher than the world price for the past 25 years. The longer that imbalance has persisted, the more inefficient U.S. sugar producers have become. And, paradoxically, the more powerful they have become as a special
interest blocking U.S. trade expansion. Now that a spike in world prices has put the U.S. on par with foreign producers, there is a window of opportunity to do away with a sugar program that costs American jobs and has become a source of
trade friction around the world.

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