The American Soybean Association (ASA) expresses appreciation to House Agriculture Committee Chairman Collin Peterson (D-MN) who introduced legislation yesterday to expand U.S. agriculture exports to Cuba. ASA has been a supporter of eliminating the Cuban sanctions. In 2008, there were more than $134 million worth of soy products exported to Cuba. If current policies that require third country banks, cash advance payments and limits on travel were lifted, these exports would be expected to increase.

"ASA opposes restrictions on exports of U.S. agricultural commodities for national security or foreign policy reasons that are not supported by all other major world producers and exporters," said ASA President Rob Joslin, a soybean producer from Sidney, Ohio. "ASA favors a normal trading relationship with Cuba including direct banking and elimination of the cash in advance rule. ASA also supports the country’s eligibility for the Foreign Market Development and Market Access Programs."

H.R.4645, the Travel Restriction Reform and Export Enhancement Act, would eliminate both the need to go through banks in other countries to conduct agricultural trades and the accompanying fees those banks charge. The bill would also require agricultural exports to Cuba to meet the same payment requirements as exports to other countries, which means payment would be required when the title of the shipment changes hands, not in advance. Finally, the bill would allow U.S. citizens to travel to Cuba, reducing the bureaucratic red tape currently required for individuals to travel to Cuba to facilitate new agriculture sales.

"Agricultural producers in the United States are well positioned to benefit from additional trade in Cuba," Joslin said. "U.S. suppliers can reach the three major Cuban ports in a matter of one day or less, compared to 25 days from Brazil."