In the first instance. the bills provide that future American market increases would be divided by much the same percentages as those which applied before fixed quotas were established as a temporary expedient in 1948. Fiftyfive percent of annual increases in consumption requirements would be prorated among all domestic producers (in the United States. Puerto Rico. Hawaii. and the Virgin Islands). Fortyfive percent would be earmarked for foreign suppliers. Under the present quota system. as I have mentioned. Cuba has m practical monopoly on the annual market increases. enjoying 96 percent of the total. Only the remaining 4 percent is reserved to other foreign producers.
Keywords matched
quota system