Speech #910192188

Australia shipped 543 million pounds of beef to the United States in 1969. In order to force exporters to seek markets other than in the United States. the Australian Meat Board instituted a regulation requiring exporters to ship 1 pound of beef to other nations for every pound of beef exported to the United States. even though they could receive far higher prices on the U.S. market. This means that. instead of the 150 million pounds which the subcommittee would have us believe would be the maximum shipped into the United States with no quota system in effect. the fact is that 500 million pounds would be available from Australia alone. and there would be no reason to continue the requirement of shipments to other nations when Australians could have free access to the higher priced American market. It is not exaggerating to suggest that an influx of cheaply produced foreign products which would compete on our markets with domestically produced products. would eventually put domestic industries out of business. When certain members of Congress proposed policies which threaten domestic industries. they had better take a look at exactly what will be wrought.