New Cuba Regulations Include Farm Equipment

Dan Industry News Release, Trade

New regulations regarding products from Cuba announced last week also ease restrictions on farm equipment and inputs. The Obama Administration Friday announced the new regulations that ease restrictions on products such as rum and cigars, but the new rules give Cuba more of an opportunity to be a part of supply chains. Politico says certain authorized goods exported to Cuba can be imported back into the U.S. This will allow items initially sent to Cuba to come back to the U.S. for repair or service. The amendments also make it possible for exporters to directly finance shipments of tractors, pesticides and other goods used in agriculture, avoiding cash in advance requirements that apply to transactions for agricultural commodities. The National Farmers Union applauded the regulations, saying the enhanced engagement with the people of Cuba could offer long-term advantages for agricultural trade.

From the National Association of Farm Broadcasting news service.

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