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Volume 17, Issue 40
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Thursday, February 25, 2010
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House Bill Seeks to Expand Agricultural Exports to Cuba
House Agriculture Committee Chairman Collin Peterson, D-Minn., introduced Feb. 23 legislation to expand U.S. agriculture exports to Cuba. H.R. 4645, the Travel Restriction Reform and Export Enhancement Act, is also being co-sponsored by 30 other members of Congress.
According to a press release, this bill would:
• eliminate the need to go through banks in other countries to conduct agricultural sales to Cuba as well as the accompanying fees those banks charge;
• require agricultural exports to Cuba to meet the same payment requirements as exports to other countries; i.e., payment would be required when the title of the shipment changes hands, not in advance; and
• allow U.S. citizens to travel to Cuba, “reducing the bureaucratic red tape currently required for individuals to travel to Cuba to facilitate new agriculture sales.”
Last fall, the Treasury Department’s Office of Foreign Assets Control revised its Cuban sanctions regulations to add a general license allowing employees of producers or distributors of medical or agricultural products (including food) to travel to Cuba to engage in the marketing, sales negotiation, accompanied delivery or servicing in Cuba of agricultural commodities, medicine or medical devices.
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