ISSUE 1050
A group of 22 U.S. senators introduced a bill Wednesday (February 9) to clarify a law that permits the sale of agricultural produce and medicine to Cuba. The Trade Sanctions Reform and Export Enhancement Act of 2005 would allow U.S. banks to process Cuba’s payments, eliminating a 5 percent fee charged to Cuba by the European banks previously processing the monies. A dispute between U.S. exporters and the Treasury Department over late payments caused all transactions to be halted in November. The 2001 legislation, known as the Agricultural
Export Facilitation Act, allowed U.S. firms to sell produce
and medicine to Cuba, as long as its government paid cash
in advance.
ALSO IN THIS WEEK'S RAP-UP
AGJOBS BILL INTRODUCED IN SENATE RECENT CANKER FINDS SPUR EXPORT PROTOCOL CHANGES TEENA BOREK ACCEPTS WOMAN OF THE YEAR IN AGRICULTURE AWARD LEGISLATION WOULD STREAMLINE EXPORTS TO CUBA WAGE AND BENEFIT SURVEY AVAILABLE VIA EMAIL FFVA WELCOMES NEW PRODUCER MEMBER JULIANA PLANTATION, LLC REMINDER: AG INDUSTRY CALENDAR HELPS YOU AVOID CONFLICTS AG IN THE CLASSROOM EXPERIENCES DOUBLE-DIGIT GROWTH
|
|
