Cuba Trade Bill Needs Support

Legislation will lift restrictions on trade with Cuba.

Published on: Nov 10, 2009

The American Soybean Association reports that legislation to expand agricultural trade to Cuba will be introduced by Agriculture Committee Chairman Collin Peterson, D-Minn., Representative Jerry Moran, R-Kan., Agriculture Appropriations Chair Rosa DeLauro, D-Conn., and Representative Jo Ann Emerson, R-Mo. The American Soybean Association has been a supporter of eliminating the Cuban sanctions.

 

The Peterson/Moran legislation would eliminate the need to go through banks in other countries to conduct agricultural trades, along with the accompanying fees those banks charge; require agricultural exports to Cuba to meet the same payment requirements as exports to other countries by requiring payment when the title of the shipment changes hands; and allow US citizens to travel to Cuba, reducing the bureaucratic red tape currently required for agricultural associations, agribusinesses, and others to make agricultural sales in the country and creating increased demand for agricultural exports to feed the increased number of American visitors.

 

Many believe agricultural producers in the United States are well positioned to benefit from additional trade in Cuba. ASA wants its members to contact their Member of Congress and urge them to sign on as original co-sponsors of this important legislation.