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Tag: cuban
Cuban immigrant gets six years over Eli Lilly heist in Connecticut
2015-02-05 05:06:03| Biotech - Topix.net
A Cuban immigrant who pleaded guilty to having a role in the theft of more than $50 million of pharmaceuticals from an Eli Lilly and Co warehouse in northern Connecticut was sentenced on Wednesday to 6-1/4 years in prison. Yosmany Nunez, 42, of Southwest Ranches, Florida, is the first defendant to be sentenced among five who pleaded guilty over the March 13, 2010 heist in Enfield, Connecticut, which borders Massachusetts, federal prosecutors said.
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connecticut
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cuban
Michigan Agriculture Industry Awaiting Cuban Market Opening
2015-01-22 00:29:41| Agriculture - Topix.net
Michigan's agriculture industry is excited about the opportunities that are expected to be on the horizon with the opening of the Cuban market. Michigan Agri-Business Association president Jim Byrum says he's encouraged by recent announcements and policy actions by the Obama administration toward ending the 50-plus year old embargo.
Tags: market
industry
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michigan
OFAC Amends Cuban Assets Control Regulations
2015-01-15 09:00:00| Expeditors Newsflash - Americas Edition
Expeditors Newsflash - Americas Edition
Tags: control
regulations
assets
cuban
Cracks in the Cuban Embargo
2015-01-12 19:34:00| Food Processing
The dust had barely settled from President Obamas Dec. 18 announcement of a policy shift in U.S.-Cuba relationships when the U.S. Agriculture Coalition for Cuba (USACC) kicked up a Latin storm Jan. 8 with its call for normalized trade relations with the Caribbean island-nation. Within days, several organizations had joined USACC, with inquiries from food processors likely to boost membership beyond the current count of 38, according to Paul Johnson, vice chairman of USACC, along with Devry Boughner Vorwerk, director-international business relations at Cargill Inc. Smithfield Foods also is a coalition member. The U.S.s Cuba trade embargo began in 1963, and Congress passed legislation in 1996 making the ban permanent. But cracks began to appear as early as 2000 with passage of the Trade Sanctions Reform and Export Enhancement Act, which opened the market to food and medicine exports. Last year, that represented $300 million in business for U.S. firms, according to Johnson, who also is president of Chicago Foods International LLC, a logistics supplier formed in 2008 to facilitate the sale, marketing and distribution of U.S.-made products in Cuba. Canned foods, peanut butter and RTE cereal are among the 150 finished goods that Johnsons firm currently exports. This year, Cuba has budgeted $2.14 billion for food imports, but U.S. suppliers are receiving a declining portion of the pie because European companies are able to offer credit, while U.S. sales are cash-only. Johnson is lobbying U.S. senators to craft bipartisan legislation that would open the door to financial credits for U.S. exports. Hes also putting together a learning journey to Cuba in the coming months to put farmers and politicians together. Hes soliciting support from state agricultural departments and farm groups for the initiative, as well. We are pushing for a complete end of the embargo, Johnson says, including eliminating restrictions on travel and immigration. But foodboth packaged goods and bulk commodities such as rice, wheat, soybeans and frozen chickenare the groups primary focus. Theres a lot of momentum, he adds. Weve already seen bipartisan support. A gradual normalization of relations with Cuba is likely, with changes occurring in fits and starts, but Johnson is optimistic momentum will build in the next few years. He expects U.S.-Cuba relations to be a hot button issue in 2016 presidential campaigns, and support in agricultural states like Iowa will pose a risk for candidates advocating a continuation of current policies. When Raul Castros current term of president end in 2018, he will be 87, making a changing in the old guard likely. Johnson was a founder of the Illinois Cuba Working Group, which organized a trip to the island in November and represents a continuation of the states efforts to open Cuba to soybeans and other agricultural product that trace to 1999, when former Gov. George Ryan organized a trade mission there. A lot came from that encounter, says Johnson. Illinois really leveraged it to push for passage of the Trade Sanctions Reform Act. The USACC was patterned after the state group when it was founded in May 2014. Cuba has a population of 11 million, approximately the same as Illinois, and it imports an estimated 80 percent of the foods consumed. With a middle class starting to emerge and the prospects for more American tourists increasing, Johnson foresees a receptive market for U.S.-made food products. The country has the potential to be the top export market for U.S. rice, which hasnt been exported to Cuba since 2008.
Cuban action won\'t impact La. cane
2015-01-06 07:57:55| Sugar Industry News
Sugar cane farmers in the United States should have nothing to worry about as the nation tries to repair its trade relationship with Cuba, according to local industry officials.
Tags: action
impact
cane
cuban
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