Showing posts with label agriculture. Show all posts
Showing posts with label agriculture. Show all posts

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.