WASHINGTON – U.S. Senator Jerry Moran (R-Kan.) – member of the Senate Appropriations Subcommittee on Agriculture – cosponsored the Agricultural Export Expansion Act of 2019, legislation to remove a major hurdle for American farmers and ranchers to selling American agricultural products in the Cuban market. The bipartisan bill would support jobs in Kansas and across the country by lifting restrictions on private financing for U.S. agricultural exports to Cuba.
“This bipartisan legislation, which would allow for the private financing of ag exports to Cuba, represents an important step forward in our work to open Cuban markets for Kansas farmers and ranchers,” said Sen. Moran. “With low commodity prices and an ongoing trade war, our producers can only benefit from increased market access.”
The 2018 Farm Bill took steps to help American agriculture access the Cuban market by allowing funding for U.S. Department of Agriculture export promotion programs for U.S. agricultural products to be used in Cuba. However, the biggest barrier for producers as they seek access to Cuba is the Trade Sanctions and Reform Act (TSRA) prohibition on providing private credit for those exports, which forces Cubans to pay with cash up front for American-grown food. As a result, American farm goods have become less competitive, and Cuba has turned to other countries who are able to directly extend credit to Cuban buyers for transactions. This bill would amend the TSRA to allow for private financing of agricultural exports and level the playing field for American farmers competing in the global market.
The legislation is authored by U.S. Senators John Boozman (R-Ark.) and Michael Bennet (D-Colo.) and is cosponsored by U.S. Senators John Hoeven (R-N.D.), Tom Udall (D-N.M.), Kevin Cramer (R-N.D.), Angus King (I-Maine), Mark Warner (D-Va.), Susan Collins (R-Maine), Debbie Stabenow (D-Mich.), Amy Klobuchar (D-Minn.), Mike Enzi (R-Wyo.) and Patrick Leahy (D-Vt.).
Full text of the legislation can be found here.
Item to note:
- In March, 2017, Sen. Moran introduced the Cuba Trade Act of 2017, legislation that would fully restore trade with Cuba.
# # #