While the Obama Administration announced a loosening of regulations designed to expand travel and commerce with Cuba, agriculture will not benefit from the announcement. The Administration lifted restrictions on payment and financing terms for exports, but that does not include agriculture and food exports to Cuba. That is because financing of food and agriculture products is prohibited by the Trade Sanctions Reform and Export Enhancement Act of 2000. Some agricultural exports are allowed under exceptions from the embargo, however they did fall 37 percent in 2015, largely because of falling commodity prices.
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