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April 04, 2007 

ITC To Investigate Economic Impact of U.S. Trade and Travel Restrictions With Cuba

Pursuant to a request made by the Senate Finance Committee, the U.S. International Trade Commission (ITC) has launched an investigation to report on the effects of U.S. trade and travel restrictions with Cuba on U.S. exports of agricultural, fish and forest products to Cuba.

The investigation, entitled U.S. Agricultural Sales to Cuba: Certain Economic Effects of U.S. Restrictions, will provide an overview of recent and current trends in Cuban purchases of agricultural, fish and forestry products. The report will also analyze the effects that U.S. restrictions relating to export financing terms and travel to Cuba by U.S. citizens may have had or currently have on Cuban purchases of U.S. agricultural, fish and forestry products. The ITC's report will also estimate U.S. sales of agricultural, fish and forestry products under three scenarios: (i) U.S. restrictions affecting agricultural exports are removed; (ii) U.S. restrictions on travel to Cuba by U.S. citizens are lifted; and (iii) U.S. restrictions affecting agricultural exports are removed and U.S. restrictions on travel to Cuba by U.S. citizens are lifted.

The ITC willl hold a public hearing in connection with the investigation at 9:30 a.m. on Tuesday, May 1, 2007. The ITC will submit its report to the Senate Finance Committee by June 29, 2007.

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