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Classified in: Business
Subject: FOR

Cargill supports restoration of U.S-Cuba diplomatic ties



WASHINGTON, July 1, 2015 /PRNewswire/ -- Cargill welcomes the restoration of formal diplomatic relations between the U.S. and Cuba with the planned opening of a U.S. embassy in Havana for the first time in 54 years.

Cargill has long advocated for the end of the U.S. trade embargo on Cuba and was among the first companies to send food shipments to Cuba in 2002 under a humanitarian exemption. The company chairs the U.S. Agricultural Coalition for Cuba (USACC), a partnership of nearly 100 prominent U.S. agricultural associations, state groups and businesses committed to normalizing trade with Cuba.

"The lesson of the embargo is that shutting down the lines of communication and commerce isn't the most effective approach," Cargill President and Chief Executive Officer David MacLennan said. "It's only by sharing the economic and social benefits of our society through open trade that the U.S. will have a productive relationship with Cuba."

In March Cargill executives joined a U.S. delegation on an agricultural "learning journey" to Cuba to discuss potential investment in the country if the embargo is eventually lifted. Among the attendees was Devry Boughner Vorwerk, Cargill Vice President of Corporate Affairs and chair of the USACC.

"The re-opening of the U.S. embassy is an important step toward normalizing our relationship with Cuba," Boughner said. "The embargo has driven up the cost and lowered the availability of quality food for the Cuban people. Both societies stand to benefit from a reconciliation."

About Cargill

Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. We have 152,000 employees in 67 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. For more information, visit Cargill.com and our News Center.

 


SOURCE Cargill


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