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Article: U.S. EXPORTS TO CUBA SURGE.
- Article from:
- Caribbean Update
- Article date:
- January 1, 2003
CopyrightCOPYRIGHT 2003 Caribbean Update, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The U.S. sent US$109.4 million in goods to Cuba from Jan.-Sept. 2002, reports The Washington Times (Nov. 25, 2002). During the same period in 2001, U.S. exports to Cuba were valued at US$2.3 million. The surge in sales reflects an opening for agricultural exports available since 2000 but used only since late last year:
The Cuban market's increasing value has deepened interest in exporting among U.S. producers and is adding political momentum to calls for further relaxation of trade barriers. Cuba must pay U.S. companies cash upfront to ensure payment. Foreign companies that extend credit have had problems being paid. "The ball is back in Congress' court," said ...