What does the future hold for US/Cuba Agricultural Trade?

September 29, 2015
Posted in: News

The U.S. government is conducting several in depth studies on the impact of full normalization of trade relations with Cuba in a number of critical market segments, including agriculture. U.S. agricultural trade has continued throughout the embargo but came to a halt in 2011 due to Cuban discontent with the U.S’ continued anti-Cuban policies.

After 2011, Cuba began to import from many of our competitor’s such as Canada, Vietnam, and China at the cost of a loss of millions of dollars in trade for the U.S. Cuba is a natural market for U.S. agricultural exports, one where logistical proximity and cultural ties grant us a natural competitive advantage. At several times in recent history, Cuba has been a top three market for exports of several U.S. agricultural commodities.

USDBC will be providing input to ongoing studies and will be working with other agricultural cooperators and the U.S. government to re-establish a market foothold and to promote the full normalization of trade relations.