20th Anniversary Of U.S. Food & Agribusiness Exhibition. To Date Largest U.S. Contingent Of Representatives To Visit Cuba. US$91.9 Million In Contracts. Set Stage For Billions In U.S. Exports.

From Event Final Report

US$91.9 MILLION IN PURCHASES DURING U.S. FOOD & AGRIBUSINESS EXHIBITION- Approximately seventy companies located in twenty-one states and the Commonwealth of Puerto Rico signed contracts and agreements valued at approximately US$91.9 million (not including transportation costs) during and immediately following the U.S. Food & Agribusiness Exhibition at the Palacio de Convenciones de la Habana (Pabexpo) in the city of Havana, Republic of Cuba, held 26 September 2002 through 30 September 2002.  Approximately 44% (US$40.4 million) of the products are scheduled for delivery in 2002 and approximately 56% (US$51.4 million) of the products are scheduled for delivery from January 2003 through April 2003.  Approximately US$13 million, including a memorandum of understanding with the Kentucky Department of Agriculture for US$7 million (of which US$3 million has already been contracted), in additional contracts and agreements are expected to be completed by 1 November 2002; and the majority of the products will be for delivery from January 2003 through March 2003, but some of the products will have delivery throughout 2003.   

Value Of Contracts/Agreements Signed At U.S. Food & Agribusiness Exhibition
Total (For Delivery 2002)- US$40,463,999.00
Total (For Delivery 2003)- US$51,466,991.00
Total- US$91,970,990.00

U.S. FOOD, AGRICULTURAL PRODUCT EXPORTS TO TOTAL 22% OF 2002 CUBA IMPORTS- Under provisions of the Trade Sanctions Reform and Export Enhancement Act (TSRA) of 2000, which re-authorized the direct commercial (on a cash basis only) export of food products and agricultural products from the United States to the Republic of Cuba, irrespective of purpose, Republic of Cuba-government-operated entities have, since December 2001, purchased the following U.S. Dollar values of food products and agricultural products, on a cash basis not including transportation costs: Approximately US$4.5 million (December 2001); Approximately US$125 million (January 2002 through September 2002) and approximately US$40 million (October 2002 through December 2002); and contracted for approximately US$50 million (January 2003 through March 2003).  Republic of Cuba government-operated Empresa Cubana Importadora de Alimentos (Alimport), under the auspice of the Ministry of Foreign Trade of the Republic of Cuba, has, for the period December 2002 through 25 September 2002, purchased approximately 712,000 metric tons of agricultural products and food products from United States-based companies, valued at approximately $130 million (not including transportation costs).  There have been more than fifty cargo vessel deliveries during the period December 2001 through September 2002.

FINAL REPORT FOR U.S. Food & Agribusiness Exhibition In PDF Format

Statistics: 2001 To President U.S. Agricultural Commodity And Food Product Exports To Cuba