July 19, 2007
News Release 07-074
Inv. No. 332-489
Contact: Peg O'Laughlin, 202-205-1819
U.S. AGRICULTURE SALES TO CUBA WOULD GROW SIGNIFICANTLY
IF U.S. TRADE AND TRAVEL RESTRICTIONS WERE LIFTED, SAYS ITC
The United States could provide more than half of Cuba's agricultural, fish, and forest product imports if certain U.S. trade and travel restrictions to Cuba were lifted, reports the U.S. International Trade Commission (ITC) in its publication U.S. Agricultural Sales to Cuba: Certain Economic Effects of U.S. Restrictions.
The U.S. share of such Cuban imports would rise from one-third to between one-half and two-thirds if the restrictions were lifted, according to the report.
The ITC, an independent, nonpartisan, factfinding federal agency, examined the effects of U.S. trade and travel restrictions on Cuban purchases of U.S. agriculture products at the request of the U.S. Senate Committee on Finance.
As requested, the ITC report provides an overview of Cuba's purchases of agricultural products since 2000, an analysis of the effects that U.S. restrictions on trade and travel to Cuba by U.S. citizens have on those Cuban purchases, and estimates of likely U.S. agricultural sales if such restrictions were lifted. Highlights of the report follow.
U.S. Agricultural Sales to Cuba: Certain Economic Effects of U.S. Restrictions (Investigation No. 332-489, USITC Publication 3932, July 2007) will be available on the ITC's Internet site at /publications/docs/pubs/332/pub3932.pdf.
A CD-ROM of the report may be requested by calling 202-205-2000 or by writing the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may also be faxed to 202-205-2104.
ITC general factfinding investigations, such as this one, cover matters related to tariffs or trade and are generally conducted at the request of the U.S. Trade Representative, the Senate Committee on Finance, or the House Committee on Ways and Means. The resulting reports convey the Commission's objective findings and independent analyses on the subjects investigated. The Commission makes no recommendations on policy or other matters in its general factfinding reports. Upon completion of each investigation, the ITC submits its findings and analyses to the requester. General factfinding investigation reports are subsequently released to the public unless they are classified by the requester for national security reasons.