Despite Obama's Concessions, Exports to Cuba Keep Plummeting
Monday, October 12, 2015
As we've explained (here and here) throughout the year -- in Obama's Cuba policy, the tail in now wagging the dog.
Compared to August 2014, U.S. sales of agricultural products to Cubaplummeted by 85% in August 2015.
Compared to December 2014, when the Obama-Castro deal was announced, U.S. sales of agricultural products to Cuba plummeted by 92% in August 2015.
Facts are stubborn.
From McClatchy News:
Despite White House opening, exports to Cuba continue to drop
New monthly data shows value of food, agricultural shipments at just $2.3 million
U.S. agricultural and food exports to Cuba continued dropping in recent months, despite this being the year the United States is working to substantially open trade with the island nation.
In August, exports of food and agricultural products authorized under a 2000 trade law dropped to $2.3 million, according to new data from the U.S.-Cuba Trade and Economic Council.
That’s off substantially from the start of the year – despite the much ballyhooed thawing of trade and diplomatic relations with Cuba. Announced in December by President Barack Obama, the opening aims to undo a decades-old policy the White House considers outdated and ineffective. It already has led to renewed diplomatic relations with Cuba, and American farmers are particularly excited about the potential for a thriving market with 11 million people just 90 miles from U.S. shores.
So far this year, however, food and agriculture exports to Cuba are going down, not up.
In December 2014, the month Obama announced the first initiatives, exports to Cuba were $25.2 million, according to the trade council’s data. They dropped to $3.3 million this past July and then $2.3 million in August.
A year ago, in August 2014, exports were $14.4 million.
Compared to August 2014, U.S. sales of agricultural products to Cubaplummeted by 85% in August 2015.
Compared to December 2014, when the Obama-Castro deal was announced, U.S. sales of agricultural products to Cuba plummeted by 92% in August 2015.
Facts are stubborn.
From McClatchy News:
Despite White House opening, exports to Cuba continue to drop
New monthly data shows value of food, agricultural shipments at just $2.3 million
U.S. agricultural and food exports to Cuba continued dropping in recent months, despite this being the year the United States is working to substantially open trade with the island nation.
In August, exports of food and agricultural products authorized under a 2000 trade law dropped to $2.3 million, according to new data from the U.S.-Cuba Trade and Economic Council.
That’s off substantially from the start of the year – despite the much ballyhooed thawing of trade and diplomatic relations with Cuba. Announced in December by President Barack Obama, the opening aims to undo a decades-old policy the White House considers outdated and ineffective. It already has led to renewed diplomatic relations with Cuba, and American farmers are particularly excited about the potential for a thriving market with 11 million people just 90 miles from U.S. shores.
So far this year, however, food and agriculture exports to Cuba are going down, not up.
In December 2014, the month Obama announced the first initiatives, exports to Cuba were $25.2 million, according to the trade council’s data. They dropped to $3.3 million this past July and then $2.3 million in August.
A year ago, in August 2014, exports were $14.4 million.
0 comentarios:
Publicar un comentario
Enviar comentarios: