TeachMeFinance.com - explain Cargo preference
Cargo preference The term 'Cargo preference ' as it applies to the area of agriculture can be defined as ' The Cargo Preference Act (P.L. 83-664) requires that whenever the federal government pays for equipment, material, or commodities shipped to other countries, a minimum percentage of the gross tonnage shipped by sea must go by U.S. flag vessels. Cargo preference requirements have been an issue in U.S. international food aid and export subsidy programs'.
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