TITLE

White House threat blocks OFAC legislation

AUTHOR(S)
Laws, Forrest
PUB. DATE
January 2006
SOURCE
Southeast Farm Press;1/4/2006, Vol. 33 Issue 1, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The article presents information related to the enforcement of the U.S. Department of Treasury's Office of Foreign Asset Control (OFAC) legislation. Under the OFAC legislation, the Treasury Department has made it mandatory to pay in advance for any shipments to Cuba. The officials of the U.S. Rice Federation are trying hard for the legislation to be passed. The Federation says that U.S. rice sales to Cuba has dropped by 25 percent in volume and 45 percent by value since the rule came into effect in the last February.
ACCESSION #
19578312

 

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