Baucus Introduces Bill Easing Trade and Travel Restrictions With Cuba
5/20/2009 4:44 PM ET
http://www.rttnews.com/Content/Policy.aspx?Id=955973Senate Finance Committee Chairman Max Baucus (D-MT), along with 15 other Democratic and Republican Senators, introduced a bill Wednesday to ease US trade and travel restrictions with Cuba.
The bill would help US farmers and ranchers export their products to Cuba by allowing timely and direct cash payments for agricultural goods.
This works by allowing US banks to receive payment directly from Cuban banks for Trade Sanctions Reform and Export Enhancement Act (TSREEA)-authorized agricultural transactions.
It also requires the Agriculture Department to promote US agricultural exports to Cuba and to offer technical assistance to US entities interested in these transactions.
Further, it lifts the current ban on traveling to Cuba, allowing US citizens and legal residents to travel to Cuba, and it eases restrictions on exports of medicines and medical devices.
According to research prepared by staff at the independent International Trade Commission, removing US export restrictions could increase the annual US share of Cuba's agriculture imports to nearly 65 percent, representing an annual boost of over $450 million in US agriculture sales.
"It's time for us to face the facts regarding Cuba," Baucus said.
"It's a fact that Cuba is one of our closest export markets. It's a fact that our current trade and travel sanctions aren't working. And it's a fact that our farmers and ranchers in Montana - and across the United States - need help selling their high quality products in Cuba."
Relations between the US and Cuba have long been strained, with the US formerly having a complete embargo on travel and trade with Cuba, citing the abuses of the communist regime of Cuba's former leader, Fidel Castro.
Castro's regime was accused of human rights violations, with thousands of illegal immigrants fleeing the country to the US.
Since Obama took office, however, relations between the US and Cuba have begun to soften.
Obama has tried to establish more diplomatic ties with Cuba, stating that the US "seeks a new beginning" during the opening ceremonies of last month's Summit of the Americas (Cuba was not invited to the summit).
"I know there is a longer journey that must be traveled in overcoming decades of mistrust, but there are critical steps we can take toward a new day," Obama said at the summit.
"I am prepared to have my administration engage with the Cuban government on a wide range of issues — from human rights, free speech, and democratic reform to drugs, migration, and economic issues."
by RTT Staff Writer
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