Washington, DC – The National Foreign Trade Council (NFTC) today applauded members of the House and Senate Appropriations Committees for including provisions in the FY2010 financial services spending bills that would help to normalize U.S.-Cuba agricultural trade. NFTC Vice President for Global Trade Issues Jake Colvin released the following statement:
“The language included in the spending bills would represent a small but important shift in U.S.-Cuba policy that would benefit U.S. farmers, businesses and workers. By allowing U.S. farmers and other exporters to accept payment at the time of delivery, appropriators seek to remove an unnecessary barrier and open the door to increased exports to Cuba. We strongly encourage both chambers to include the provisions in the final version of the legislation.”
About the NFTC
Advancing Global Commerce for 95 Years – The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.