ABSTRACT
The acute desire for national self-sufficiency is instanced even more perhaps in the case of sugar than of wheat. And, like wheat, it is capable of being produced in most countries, though with very different degrees of efficiency. Beet sugar has been produced behind artificial barriers and with the help of subsidies since before the beginning of the century. The situation thus created was so detrimental to all producers that in 1902 they drew up a convention designed to curb these ruinous nationalistic policies. Uncontrolled production, however, very soon led to the position from which an escape is now being sought through new measures of restriction. The Agreement was designed to restore the balance between production and consumption by allotting export quotas to each country, to be filled partly by existing stocks and partly by new crops. The Chadbourne Agreement was initiated by American-Cuban interests which were suffering from discrimination.
