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Excerpt from the report Introduction: The United Kingdom traditionally has been the leading foreign market for United States farm products. It took about one-third of our agricultural exports during the interwar period. Since the end of World War II, shipments of our agricultural products to the United Kingdom have been limited by restrictive British import policies. Whereas our annual exports to that country have averaged $400 million during the postwar years compared with $250 million prewar, only one-tenth of our expanding farm exports found a market in the United Kingdom. Because the prices of agricultural commodities have increased since before the war, the greater dollar value of our exports to the United Kingdom actually represents a smaller volume of exports. Despite the decline in imports from this country, the United Kingdom has remained the leading world market for agricultural commodities, as it is--more than any other country--dependent on a high level of imports of food and other agricultural commodities.

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