Louisiana, Cuba Sign MOU on Trade in Agricultural Products
Louisiana Department of Agriculture and Forestry Commissioner Mike Strain signed a memorandum of understanding with Cuban agricultural officials last week to conduct trade of agricultural products, the department said (here). Last week, Strain, Louisiana Governor John Bel Edwards, and Louisiana…
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economic development and port officials conducted a trade mission with Cuba. “We want to ensure we are on the same playing field as everyone else once trade restrictions are relaxed,” Strain said in a statement. Strain urged Congress to pass Arkansas Republican Rep. Rick Crawford’s bill that would repeal provisions in the Trade Sanctions and Trade Enforcement Act of 2000 that ban U.S. financing of agricultural exports to Cuba, and that only exempt pre-transport cash payments or payments from third-party financial institutions (see 1609150043). Congress could consider Crawford’s bill after the presidential election, the department said. The MOU positions Louisiana to benefit immediately after establishment of normal bilateral trade relations, Rep. Charles Boustany, R-La., said in a statement (here).