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Export and import subsidies have been reduced, for example.
It preserved import subsidies and export controls that fed Government corruption.
I cannot go along with this as yet, because it would mean a surplus of beef, more import subsidies and pressures on the agricultural budget.
Export subsidies increase the amount of trade, and in a country with floating exchange rates, have effects similar to import subsidies.
The program used import subsidies to pump US dollars into the South Vietnamese treasury.
In return for this benefit, however, the Government this year began slowly reducing export and import subsidies, in part because it could no longer afford the swelling payments.
The businessmen mostly used the import subsidies to purchase consumer goods such as boats, motorbikes, refrigerators, radios, music systems and other similar goods, which were luxuries at the time.
The $190 million of economic aid is spread over 14 projects ranging from a major road to import subsidies that include money for machinery and syrup for a Pepsi Cola plant.
To control this situation, the government has granted import monopolies for some agricultural products to the GSFMO, while procurement and import subsidies on certain crops have been shifted to encourage a more diversified production program.