Thursday, March 18, 2010
Cuba cutting back on US food imports
Cuba cut its imports of U.S. agricultural products by 26% in 2009.  While some have speculated that this is only Cuba trying to get back at the U.S. embargo, it is actually probably a result of Cuba's lack of economic means.  Lower-quality food imports are cheaper from Vietnam, China and Spain because of the rules of trade.  The U.S. agriculture industry has been pressuring the U.S. government for a lift on the embargo for a long time as it will allow for freer and more productive trade. Cuba continues to suffer from the embargo; in the first nine months of last year trade fell 36%.  I thought this article was relevant after our discussion about U.S.-Cuban relations.
Labels:
agriculture,
cuba,
embargo,
food imports,
trade
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