Source: AgriLife Today
Dr. Parr Rosson, also Texas A&M University agricultural economics department head, said a more open economy, coupled with less regulation by both governments, strong tourism and remittances, would pave the way for U.S. food and agricultural exports to potentially reach record levels within five years.
“The opportunity for job creation in the U.S. as a result of more open trade with Cuba is substantial,” Rosson said. “Our estimates indicate that U.S. food and agricultural exports to Cuba have the potential to exceed $1 billion annually. These additional exports would support the creation of 6,000 new jobs throughout the U.S. economy, along with another $739 million in business activity nationwide.”