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ID-79-43 1 (1979-07-17)

handle is hein.gao/gaobaazmv0001 and id is 1 raw text is: I lq q COMPTROL.Z SR GENERAL OF THE UNITED STATES WASHINGTON. D.C. 20548 B-118622 i YRICTED - Not to be released otulsde the General Ao..untitg Cffice except on the basis ef specific approval by the Office of Congressional Relations. JULY 17, 1979 RELEASED The Honorable Richard Nolan RELEASED House of Representatives 109974 Dear Mr. Nolan: Your letter of April 9 1979, requested that we evaluate whether the April 1, 1979,/reduction in the U.S. import fee on sugarlwas justified and'answer several questions about the adminisfration of the import fee mechanism. Our review was conducted in Washington, D.C., and in New York and London. We interviewed and obtained documentation from U.S. Government officials, firms, associations, and organi- zations involved in the world trade of sugar. As arranged with your office, we plan no further distri- bution of this report until five days from the date of the report. At that time we will send copies to interested par- ties and make copies available to other persons upon request. IMPORT FEEON SUGAR Section 902 of Public Law 95-113, the Food and Agricul- ture Act of 1977, provides that the price of processed prod- ucts from the 1977 and 1978 sugarbeet and sugarcane crops shall be supported through loans or purchases at a level that would not be less than 13.5 cents a pound for raw sugar. Effective January 1, 1979, the administration began supporting the price of sugar at 15 cents a pound, raw value, for the remainder of the 1978 crop year. On December 28, 1978, the President, in Proclamation 4631, noted that sugars were being imported, or were prac- tically certain to be imported, into the United States under such conditions and in such quantities as to render or tend to render ineffective, or to materially interfere with, the Department of Agriculture's sugar price support operations. Using the authority vested in him by Section 22 of the Agri- cultural Adjustment Act, as amended (7 U.S.C. 624), the President provided for a quarterly adjustment fee designed to raise the price of imported sugar to 15 cents. lO9r7' ID-79-43 Y_ Iral

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