Tuesday, December 16, 2003 9:28PM EST
Cuba strikes $55.5 million in U.S. agricultural contracts
By ANITA SNOW, ASSOCIATED PRESS
HAVANA (AP) - Fidel Castro chatted about nutrition and energy prices during a private meeting with U.S. farm officials who are in Havana for three days of talks on bringing more agricultural goods to Cuba, those at the meeting said Tuesday.
Cuba wants to sign contracts to buy American farm products worth as much as $130 million during the talks, which end Wednesday.
The discussions - and Castro's private meeting Monday with about a dozen Americans - underscore the importance Cuba has put on trade with U.S. companies two years since first exploiting an exception to the U.S. trade embargo allowing direct sales of American farm products.
By the end of Tuesday, $55.5 million in contracts had been announced, including several in prices tied directly to the Chicago Board of Trade - a first in two years of trade between communist Cuba and American agribusiness.
"This gives equal footing to Cuba as a participant in the market," said Antonio Martinez, of law firm Martinez Bass & Associates. He attended the day's sessions. (snip/...)
http://newsobserver.com/24hour/business/story/1090105p-7615223c.html