is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist

Push Being Made for Change in Trade Policy with Cuba

Kansas Congressman asks for reversal of regulation.

The Trade Sanctions Reform and Export Enhancement Act of 2000 was a major shift in trade policy with Cuba. It allowed for the export of food, agricultural commodities and medical supplies from the U.S. to Cuba as long as they were based on cash in advance.

However; in 2005 a regulation was introduced by the Treasury Department that redefined the meaning of payment of cash in advance. Under this regulation, cash payments from Cuba for U.S. agriculture exports are required to be made before ships leave U.S. ports rather than upon delivery.

Representative Jerry Moran, R-Kan., says this makes it extremely difficult for American farmers to do business with Cuba. He has written to President-elect Obama asking for reform of U.S. trade policies with Cuba, in particular reversing the 2005 regulations.

In addition, federal regulations prohibit direct transfers of funds from Cuban buyers to U.S. sellers, increasing transaction costs. Moran’s letter requests the new administration reverse this regulation to encourage more successful and consistent trade policies with Cuba.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.