In summary, we believe the Congress should resolutely refuse to impose any kind of trade restriction on the importation of Palm Oil. In the first place, it would be self-defeating because we must compete in the world market as well as in the U.S. market. Secondly, to do so would be a step backward with adverse effects in our international trade negotiations. Thirdly, it would be detrimental to consuming interests who would either have to pay higher prices or use less desirable products. Finally, it would be a sharp rebuke to several important developing countries that need our help to help themselves.

PALM OIL—U.S. IMPORTS (CENSUS STATISTICS) OVER TRADE FIGURES FOR EXPORTS TO UNITED STATES

[In millions of pounds)

44.8
(35.8)
56.1
(58.2)
63.7
(77.3)

29.6
(30.2)
64.8
(65.2)

44.8
)35.8)
100.9
(94.0).

164.6
(171.3).

194.2
(201.5)

258.0 (216.7)

PALM OIL-U.S. REPORTED CONSUMPTION AND CALCULATED DISAPPEARANCE (IN PARENS)

[In millions of pounds)

102.2

May

9.9 34.0 11.3 29.0 9.1 9.6 7.7 42.2 7.9 5.3 12.4 23.7 15. 3 32.0 26.5

27.4
(50.8)
26.1
(55.8)

40.8
(61.7)
45.9
(39.7
47.7
(62.5)

27.4
(50.8)

53.5
(106.6)

94.3
(168.3)

140.2
(208.0)

A-JAMES TRAULSS 1976

Appendix B

Appendix B