Cuba Business News and Information


Bush administration reviews Cuba trade - Is US Cuba trade over?


Published: Sun December 05, 2004
By: Publisher in Cuba Business > Cuba-US Trade
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UPI

The Bush administration has temporarily halted the transfer of money to U.S agricultural firms selling goods to Cuba.
Congress Daily reported Friday that the move, apparently aimed at discouraging trade with the communist nation, comes amid a review of existing law to investigate whether Cuba is required to make advance payments for U.S. farm products.

Although the farming community has embraced trade with the country to the tune of $400 million a year in sales and there is strong support on Capitol Hill for examining the traditionally adversarial U.S. policy stance on Cuba, the Bush White House has taken a tough stance against the Castro regime, cracking down on travel and remittances to the country.

Reps. Jo Ann Emerson, R-Mo., Sam Farr, D-Calif., and Jeff Flake, R-Ariz., have written outgoing Treasury Secretary John Snow to protest the actions, while Sen. Byron Dorgan, D-N.D., has written outgoing Secretary of State Colin Powell asserting that there is “no justification” for asserting that cash must be paid before products are shipped.

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Comments

#1 - On Sun December 05, 2004, publisher (posts: 3310) wrote:

This is the only news source that has made the statement “The Bush administration has temporarily halted the transfer of money to U.S agricultural firms selling goods to Cuba.”

We understand that payments are being held for review but “temporarily halted” sounds more serious.


Signature:

This is my signature - get yours in Your Control Panel. Go ahead and add a link to your site. Self promotion is permitted as long as it is beneficial to our community.

#2 - On Sun December 05, 2004, Jesus Perez wrote:

43 years of unrelenting aggression and hostility. This administration is going to take matters to a new level of aggression, in comments to a previous article we commented about the stupidity of some of their actions and statements, but it goes beyond that, these are dangerous people. I hope there is enough courage in congress to fight them, I believe there is, let’ hope so.


#3 - On Mon December 06, 2004, I-taoist (posts: 213) wrote:

Translation:  “We will impede and restrict food sales to you in any way we can so as to help starve you to the point that you will overthrow your government and embrace us.”  George Bush


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