US Agribusiness Sees Potential in Cuba

Official photo of United States Senator Chuck Grassley (R-IA)

Official photo of United States Senator Chuck Grassley (R-IA)

With the lifting of the US embargo on trade with Cuba US agribusiness is anticipating some benefits to their own economic sector. The American Farm Bureau and other farm groups are pushing for increased trade in agricultural goods when the embargo is nullified.

Senator Chuck Grassley, Iowa senator, is refraining from participating in the flurry of excitement the lifting of the trade embargo has been generating. Even if the end of the embargo means more agricultural products will be sold to Cuba, Grassley is still not moved to support the historic event. He believes that when it comes to the “give and take” of negotiations of the new trade arrangement, Cuba is going to get the better end of the deal.

The Senator points out that even with the embargo still in place farm sales to Cuba has been improving.

“There’s already a provisions that have even been liberalized beyond what they’ve been through maybe ten years for agricultural foods to go there along with medicine, pharmaceuticals, medicinal things. So I don’t know whether we have to be so concerned just for agriculture,” said Grassley.

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