A PARTIAL-EQUILIBRIUM SIMULATION OF INCREASING THE U.S. TARIFF-RATE SUGAR QUOTA FOR CUBA AND MEXICO
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A model consisting of Cuba, Mexico, the U.S., and an aggregated "Rest of the World" was developed to simulate increases in U.S. sugar imports from Cuba and Mexico. Results indicate that increased imports would generate up to $505 million in U.S. net gains, and that world prices increase only minimally.