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Http://www.fas.org/s Gp/crs/row/R44119.pd F.pdf

R44119.pdf

🔗 Source: fas.org

📊 Size: 1022 KB

👤 Author: R44119

⬇️ Downloads: 117

Summary

The US and Cuba have had limited trade relations for over half a century, with the US imposing a tight economic embargo. However, in 2014, President Obama announced a diplomatic initiative to restore more normal relations with Cuba, potentially expanding commercial opportunities. US agricultural and food industry interests see the Cuban market as having meaningful export potential, but restrictions such as a prohibition on private financing and credit, and denial of access to US government credit guarantees and export promotion programs, hinder exports. The US Department of Agriculture (USDA) believes that removing key elements of the embargo could lead to significant gains in US agricultural exports to Cuba, particularly for basic commodities like rice, wheat, and dry beans. However, some in the agriculture industry are concerned that opening the US market to Cuba could lead to competition from tropical fruit and vegetable products, and potentially introduce new pests and plant diseases. Legislation has been introduced in Congress to ease US economic sanctions on Cuba, ranging from removing the ban on private financing for agricultural goods to lifting the Cuban embargo altogether.

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Description

The US and Cuba have had limited trade relations for over half a century, with the US imposing a tight economic embargo.

Technical Information

File Format: PDF
File Size: 1022 KB
Pages: 17
Language: EN
Author: R44119
Total Downloads: 117
Last Updated: 2 weeks ago

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