Political Prisoners of the Empire  MIAMI 5      

     

E C O N O M Y

Havana. June 24, 2005

House Committee trying to facilitate Cuba-US trade

 BY GABRIEL MOLINA

ACCORDING to Reuters, on Tuesday the House Appropriations Committee passed an amendment to deactivate the Treasury Department measure of last February increasing the limitations on food sales to Cuba.

The amendment, which now has to be passed by the full House and Senate to become law, would return the issue to the former rules that permit the dispatching of merchandise to be paid for at its destination in Cuba. The obligation to pay in cash and the prohibition of credits were added by the Cuban-American congress members to the law authorizing those sales in 2000.

Since February and likewise under pressure from Cuban-American groups, the Treasury Department has demanded that the island’s buyers pay for the goods in advance, in cash and before they are shipped. US businesspeople have alleged that the measure prejudices sales from that country to Cuba, which currently stand at some $450 million in foodstuffs like rice, meat, vegetables and fruits.

The food industry has complained to Congress that the regulations make another letter of credit necessary for Cuban buyers. This unusual system is placing US manufacturers at a disadvantage in relation to other countries.

The Cuban import enterprise Alimport admitted that it has been forced to divert a significant volume of its purchases from other countries.

The amendment was presented by legislator Jo Ann Emerson, Republican, Missouri, and approved without debate. There is a majority in both chambers for facilitating more food sales, and US travel to Cuba.
 

                                                                                                  PRINT THIS ARTICLE


Editor-in-chief: Frank Aguero Gomez / Editor: Gabriel Molina Franchossi
HOSPEDAJE: Teledatos-Cubaweb
Granma International: http://www.granma.cu/
Also at: http://granmai.cubaweb.com/
http://www.granmai.cubasi.cu

E-mail | Index | Español | Français | Português | Deutsch | Italiano | Magazine
Only-Text |
Subscription Printed Edition
© Copyright. 1996-2005. All rights reserved. GRANMA INTERNATIONAL/ONLINE EDITION. Cuba.

UP