Despite Obama's Concessions, Exports to Cuba Keep Plummeting

Tuesday, October 13, 2015
As we've predicted throughout the year -- the tail in now wagging the dog as regards Obama's Cuba policy.

For years, anti-sanctions lobbyists have argued how an improvement in U.S.-Cuba relations, an easing of sanctions and an increase in travel to the island, would benefit U.S. farmers.

Well, since December 17th, the Obama Administration has embraced the Castro regime -- offering it every concession it can deliver.

As part of these concessions, the Obama Administration eased payment terms for agricultural sales (though financing remains prohibited by law) and American travel to Cuba has significantly increased (though tourist activities remain prohibited by law).

Now here are the numbers:

Compared to August 2014, U.S. sales of agricultural products to Cuba plummeted by 85% in August 2015.

Compared to December 2014, when the Obama-Castro deal was announced, U.S. sales of agricultural products to Cuba plummeted by 92% in August 2015.

Click here to learn why.

Facts are stubborn.

From McClatchy News:

Despite White House opening, exports to Cuba continue to drop

New monthly data shows value of food, agricultural shipments at just $2.3 million

U.S. agricultural and food exports to Cuba continued dropping in recent months, despite this being the year the United States is working to substantially open trade with the island nation.

In August, exports of food and agricultural products authorized under a 2000 trade law dropped to $2.3 million, according to new data from the U.S.-Cuba Trade and Economic Council.

That’s off substantially from the start of the year – despite the much ballyhooed thawing of trade and diplomatic relations with Cuba. Announced in December by President Barack Obama, the opening aims to undo a decades-old policy the White House considers outdated and ineffective. It already has led to renewed diplomatic relations with Cuba, and American farmers are particularly excited about the potential for a thriving market with 11 million people just 90 miles from U.S. shores.

So far this year, however, food and agriculture exports to Cuba are going down, not up.

In December 2014, the month Obama announced the first initiatives, exports to Cuba were $25.2 million, according to the trade council’s data. They dropped to $3.3 million this past July and then $2.3 million in August.

A year ago, in August 2014, exports were $14.4 million.