Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Texas takes trade trip to Cuba

Dan Grech May 27, 2008
HTML EMBED:
COPY

Texas takes trade trip to Cuba

Dan Grech May 27, 2008
HTML EMBED:
COPY

TEXT OF STORY

Scott Jagow: Today, a trade delegation from Texas is headed to Cuba. Wait, something about that isn’t quite right. Trade delegation, Cuba, Texas . . . wait, don’t we have a trade embargo with Cuba? Dan Grech reports from our America’s Desk at WLRN.


Dan Grech: Since 2000, U.S. agricultural and medical products have been exempted from the embargo. Over the past seven years, Cuba has imported $2.7 billion worth of food from the U.S. Texas accounts for just 4 percent of that.

Farmers, ranchers and port representatives from the Lone Start State will make the five-day trip. They’re scheduled to meet with Cuban agriculture officials and visit three farms to identify the island’s food needs.

Texas Agriculture Commissioner Todd Staples organized the trip:

Todd Staples: Obviously, the trip is based on food and not about politics. But establishing good trading relationships should be a cornerstone to have a dialogue about other issues in the future.

Twenty-five other states have sent their own trade delegations in recent years. The U.S. makes up just one-fifth of total food exports to Cuba, and U.S. farmers want a bigger piece of the pie.

I’m Dan Grech for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.