5/30/2023 0 Comments Trade freedomePrior to 2020, the freedom of Americans to exchange with the world consistently received a grade near 87 (the “free” category). score fell below 80 out of 100 (to “mostly free”) for the first time since 2005. has been on the decline in recent years due in large part to costly tariffs imposed on imports during the Trump administration. Trade freedom is an essential component of the economic freedom Reagan mentioned and which The Heritage Foundation grades annually as part of its Index of Economic Freedom. In 1988, President Ronald Reagan described World Trade Week as “a truly appropriate time to remember the many benefits international trade has conferred on our country and to reflect on the many blessings the spread of economic freedom has brought, and can bring, to people in every nation.” annually has celebrated World Trade Month and World Trade Week in May. ![]() International Trade Commission found that if restrictions on trade with Cuba had been lifted, exports like wheat, rice, corn and soybeans could increase by 166 percent within five years to a total of about $800 million.Since 1948, the U.S. and Cuban ports.Ĭuba relies on agricultural imports to feed the 11 million people who live there and the approximately 4 million tourists who visited in 2019 prior to the pandemic. The Freedom to Export to Cuba Act repeals the current legal restrictions against doing business with Cuba, including the original 1961 authorization for establishing the trade embargo subsequent laws that required enforcement of the embargo and other restrictive statutes that prohibit transactions between U.S.-owned or controlled firms and Cuba, and limitations on direct shipping between U.S. trade and relations between our two countries and moves us in the right direction by increasing economic opportunities for Americans and the Cuban people.” “This legislation takes important steps to remove barriers for U.S. ![]() “It is long past time for us to normalize relations with Cuba,” said Sen. “This bipartisan legislation is a smart fix that will create American jobs and benefit the Cuban people.” “We can expand opportunities for American businesses and farmers to trade with Cuba while still holding the Cuban government accountable for its human rights record,” said Sen. “By ending the trade embargo with Cuba once and for all, our bipartisan legislation will turn the page on the failed policy of isolation while creating a new export market and generating economic opportunities for American businesses.” “I have long pushed to reform our relationship with Cuba, which for decades has been defined by conflicts of the past instead of looking toward the future,” said Sen. Repealing the current legal restrictions and trade embargo on Cuba allows for Kansas farmers, ranchers and manufacturers to expand their businesses to Cuba and opens the door to a large export market, while leaving in place measures to address human rights abuses.” “It’s important for the United States to boost our economic opportunities and increase market access for American-made goods. “I’m proud to sign onto the Freedom to Export to Cuba Act,” said Sen. producers fair access to export to consumers in Cuba.” It is time to amend our own laws to give U.S. producers by allowing them to compete on a level playing field with other countries. “This legislation will expand market opportunities for U.S. “The unilateral trade embargo on Cuba blocks our own farmers, ranchers and manufacturers from selling into a market only 90 miles from our shoreline, while foreign competitors benefit at our expense,” said Sen. The legislation repeals key provisions of existing laws that block Americans from doing business in Cuba, but keeps in place laws that address human rights or property claims against the Cuban government. exports and allowing Cubans greater access to American goods. ![]() ![]() The Freedom to Export to Cuba Act would eliminate legal barriers preventing Americans from doing business in Cuba and create new economic opportunities by boosting U.S. Amy Klobuchar (D-Minn.), Chris Murphy (D-Conn.) and Elizabeth Warren (D-Mass.) in introducing bipartisan legislation to lift the Cuba trade embargo. Senators Jerry Moran (R-Kan.) and Roger Marshall, M.D. Request Assistance with a Federal Agency.
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