We cannot extend our hands in friendship. while at the same time knocking off 20 percent of our lead and zinc imports from this good neighbor. which at the same time is our second best customer. In Mexicos case the raising of import duties was like a sharp slash across the cheek. for lead production there is worth more than $60 million and the zinc output is valued at $74 million. Before the quota system was enforced. 90 percent of Mexicos mining production had been marketed in this country. Senor Garcia Reynoso. who was then the directorgeneral of the National Union of Sugar Producers and who is now the Under Secretary of the Minister of Economy. participated in my conversation with representatives of the sugar industry. Their problem is briefly this: The Mexicans would like to sell enough sugar to the United States to earn the dollars they need to purchase machinery for sugar refineries.
Keywords matched
quota system