News Content
US poultry looks to yawning markets in Cuba as relations improve
CUBA, a major importer of US chicken, is looking to doing business with poultry producers in Georgia, Alabama and Arkansas, following the normalisation of relations between the Communist state and the United States.
An exemption to the embargo for agricultural products has made Cuba the fifth-largest export market for US poultry producers. In Hong Kong most chicken feet consumed come from the US.
Over the past 15 years, US$1 billion of US poultry has been packed aboard cargo ships for the short journey to Cuba, reported Bloomberg.
That measure has hampered development in the Cuban market for some US goods, including rice. Republican Rick Crawford introduced a bill last year to repeal the financing restrictions and to allow US investment in some Cuban agri-businesses. The House bill has attracted 30 co-sponsors, and similar legislation is pending in the Senate.
Mr Crawford argues America's Cold War stance toward Cuba has been more detrimental to US business than to the communist government. "We're trying to look at this with a little more modern lens."
The export-finance rules have effectively ended US exports of rice and wheat to Cuba, and US corn sales to the island have likewise plunged.
An exemption to the embargo for agricultural products has made Cuba the fifth-largest export market for US poultry producers. In Hong Kong most chicken feet consumed come from the US.
Over the past 15 years, US$1 billion of US poultry has been packed aboard cargo ships for the short journey to Cuba, reported Bloomberg.
That measure has hampered development in the Cuban market for some US goods, including rice. Republican Rick Crawford introduced a bill last year to repeal the financing restrictions and to allow US investment in some Cuban agri-businesses. The House bill has attracted 30 co-sponsors, and similar legislation is pending in the Senate.
Mr Crawford argues America's Cold War stance toward Cuba has been more detrimental to US business than to the communist government. "We're trying to look at this with a little more modern lens."
The export-finance rules have effectively ended US exports of rice and wheat to Cuba, and US corn sales to the island have likewise plunged.
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