Posted April 26, 2005 by publisher in Cuba Business.
U.S.-CUBA TRADE ASSOCIATION
2300 M Street, NW – Suite 800
Washington, D.C. 20037
Tel: 202/ 530-5236 ** Fax: 202/530-5235
FOR RELEASE: April 26, 2005 CONTACT: Kirby Jones 202/530-5236
COMPANIES LAUNCH NEW U.S. - CUBA TRADE ASSOCIATION: MAJOR CORPORATIONS AND BLUE-RIBBON ADVISORY PANEL JOIN ON
Washington DC, (April 26, 2005). More than thirty companies, state agencies, and organizations from 19 states announced today the official formation of the U.S.- Cuba Trade Association (USCTA).
Charter members of the newly formed association include ADM, Caterpillar, Cargill, National Foreign Trade Council, USA*Engage, USA Rice Federation, North Dakota Farm Bureau, Port of Galveston, Louisiana Department of Economic Development, AgBioTech, Buffalo Int’l., A. R. Savage & Son, Inc., Port Manatee Commerce Center, Virginia Department of Agriculture, U.S. Wheat Associates, and other companies.
The mission of the U.S.-Cuba Trade Association is to protect current trade with Cuba, expand and increase the potential for future business, and promote the full normalization of commercial relations between the U.S. and Cuba.
“We have formed this association because of the desire of our members not only to keep trade with Cuba running smoothly,” said Kirby Jones, USCTA President and long-term advisor to U.S. firms interested in Cuba, “but also to move forward to expand trade and travel opportunities with Cuba.”
The Association was formed shortly after the Office of Foreign Assets Control (OFAC) of the U.S. Department of Treasury ruled that U.S. firms receive money in advance from Cuba before shipping. “This action has already disrupted and directly hurt the smooth trade which in three years produced over $1.2 billion in sales by American firms,” added Jones.
The Association has pledged support for S. 328, the Agricultural Export Facilitation Act of 2005, sponsored by U.S. Senators Larry Craig (R-ID), Max Baucus (D-MT.), and 28 other cosponsor and the same bill in the House HR. 719 by Jerry Moran (R-Ks) which would open more trade with Cuba. The new association also voiced support for bills expected to be introduced on April 27 by U.S. Senators Mike Enzi (R-WY) and Baucus in the Senate and U.S. Reps. Jeff Flake (R-AZ) and William Delahunt (D-MA) to open up travel to Cuba.
The Board of Directors of the new group is headed by Bill Reinsch, former Under Secretary of Commerce and current President of the National Foreign Trade Council (NFTC). The new Association has formed a strategic partnership with the NFTC and its USA*Engage Coalition of more than 600 U.S. companies which have opposed the use of unilateral economic sanctions, including the Cuba embargo.
“Cuba is the poster child for ineffective sanctions and the embargo ought to be removed,” said USCTA Board Chairman, Reinsch, “and the U.S.-Cuba Trade Association will help its member companies do business in Cuba and learn about the future potential.”
The Association’s Board of Advisors, chaired by William D. Rogers, former Assistant Secretary of State and a Vice Chairman of Kissinger Associates, includes David Rockefeller; Carla Hills, former U.S. Trade representative; Frank Carlucci, former Secretary of Defense; James Schlesinger, former Director of CIA and Secretary of Defense; A.W. Clausen, former CEO of Bank America and President of the World Bank; Silvia Wilhelm, of the Miami-based Cuban American Commission for Family Rights; Dr. Julius Richmond, a former U.S. Surgeon General and current head of Harvard’s School of Public Health; and 20 other prominent Americans who reflect the broad national support among different sectors for normalized trade with Cuba.
In joining the USCTA Board of advisors, Frank Carlucci, said, “I support the formation of the U.S.-Cuba Trade Association because I believe that normalizing commercial relations with Cuba is in our own national interest and would likely bring better results than the 45-year-old unilateral embargo.”
Advisory Board Chair William Rogers, added that “We have seen the positive results of engagement with China, Vietnam. It is essential that the U.S. take the lead now in expanding relations with our strategically important neighbor, Cuba. This Association is an important step toward building more robust private sector commercial ties with the Cubans – a vital precondition to a more normal relationship between our country and theirs.”
According to its web site (http://www.uscuba.org) the U.S.-Cuba Trade Association will establish a national data base of companies interested in trade with Cuba, set up an email alert system to mobilize support for Congressional initiatives, provide members with a monthly newsletter, and organize seminars and conferences to educate the U.S. business community about doing business with Cuba.
As one of its first activities, the U.S.-Cuba Trade Association is hosting a meeting on Wednesday, April 27 for companies, agricultural associations, and representatives of organizations to hear directly from Pedro Alvarez, Chairman of Alimport, the Cuban entity which signs all contracts with U.S. firms. Via two-way teleconference, Alvarez will speak to the group from his office in Havana and answer questions.
The U.S.-Cuba Trade Association is a non profit 501(c) (6) corporation with offices in Washington, D.C.
For a complete list of the Boards of Directors and Advisors, current membership, and all other details, visit [url=http://www.uscuba.org]http://www.uscuba.org[/url]
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