Courtesy Reuters

Sugar: Index of Cuban-American Coöperation

IN THE more than forty years of this century coöperation between Cuba and the United States on questions touching sugar has proved its value. This coöperation has developed in the manner characteristic of democracy; there has been a protracted discussion of the problems involved and a laborious adjustment of interests; and the final results have been acceptable to both sides. On February 28 of this year, the Defense Supplies Corporation on the one hand and the Cuban Institute for the Stabilization of Sugar on the other signed at Havana a contract for the purchase of the entire Cuban sugar crop of 1942. This action constitutes a real cause for satisfaction in days like these when common action is absolutely essential for the defense of our common liberties, our common culture, our common way of life. If we are to preserve the material and spiritual values of our civilization we must have unbroken and unbreakable solidarity among the nations of the Western Hemisphere. Cubans and Americans are glad that in these dark days they can point to their coöperation as a valuable contribution to that solidarity and as a constructive example for the future arrangements of the postwar era.

But, as already indicated, the collaboration of Cuba and the United States on questions pertaining to sugar is nothing new. In particular, it has manifested itself in three periods of great importance.

In the first period, that from 1900 to 1913, the commercial treaty of 1902 assured to Cuba a 20 percent tariff preference on sugar, the Dingley Tariff rate of 1.685 cents per pound being reduced to 1.348 cents. As a result, the Cuban sugar industry, in large part destroyed by the War of Independence, was rehabilitated; production rose from 850,000 Spanish long tons, with a value of $34,850,000 in 1902, to 2,428,000 tons, with an estimated value of $106,078,000 in 1913; the amount of American capital invested in Cuba increased from $80,000,000 to $220,000,000 in that same period; and the average annual value of American exports to Cuba increased from $28,401,000 in the period 1900-1903

Loading, please wait...

Related Articles

This site uses cookies to improve your user experience. Click here to learn more.

Continue