More Cracks in the Embargo?
Hundreds of American food companies will head to Havana for a trade fair on Sept. 26-30, hoping to seal deals worth a total of $45 million. That's what Cuba plans to spend on U.S. food products by yearend -- on top of $165 million in purchases so far in 2002. Despite the 40-year U.S. embargo on Cuba trade, the purchases are allowed under a law passed by Congress in 2000.
Now, U.S. companies selling farm machinery, power generators, and telecom equipment are hoping for similar authorization. Discussions are under way in Congress, says John Kavulich, president of New York-based U.S.-Cuba Trade & Economic Council Inc.
Edited by Rose Brady