Productores de Azúcar de Cuba, Inc.
 
PRIOR EXPLANATION TO THE EVALUATION OF THE SUGAR INDUSTRY OF CUBA

1. Sugar Producers of Cuba Inc., (Productores de Azucar de Cuba Inc.) starts its broad evaluation of the sugar industry of Cuba explaining previously that it its necessary to deal with such  evaluation in general terms, first under the Castro regime and thereafter under the economic reconstruction of Cuba, so as to avoid a negative speculation on the future status of the sugar industry,   which through history has proved to be the foundation of the economy of Cuba.

2. Its is of public knowledge that sugar has been for Cuba its most important and basic export product, which allowed Cuba prior to 1959, to have a high standard of living, a well established domestic manufacturing and commercial activity and become a principal export market for many  countries.
 
With fluctuating prices of the world sugar market and the Trade Agreement that for many  years existed between Cuba and United States that produced mutual benefits and a stable economy, Cuba managed to have a par currency with the U.S. Dollar and a notable industrial and commercial progress based on its national effort and its favorable geographic position. During World War II and the Korean War,  it cooperated with the U.S. and lt. Allies, also by selling its sugar production at a much lower price than its world market price.

3.  In support of economic reconstruction by Cuban industrialists and workers, and considering that such reconstruction can only be achieved through a democratic state of law and order,  Sugar Producers of Cuba, Inc. stands for the following:
 

a)   Democratization of Government and of the legislation of private institutions, with free elections and respect to human rights.

b)   Economic reconstruction by Cuban manufacturers, businessmen, and workers,  with the prior return and privatization of the industrial and commercial properties confiscated in 1959 by the Castro Regime and privatización of government.

c}   Free enterprise for national and foreign business concerns with available financing.

d)   Job security with free enterprise.

e)   That Cuba be granted the right to participate in the U.S. sugar market as in the past, as well as in NAFTA, in the Caribbean Basin initiative and the Common Market of  the Americas.

 4.  Such a democratic state of law and order should offer to all those laboring in the reconstruction of Cuba or otherwise, rights, guarantees and benefits, as well as obligations,  by enforcing the Constitutlon of Cuba of 1940, and by  reapplying to the sugar industry the Sugar Coordination Law which stabilized and brought equity to all factors of the sugar industry,   and constituted the most  advanced and progressive industrial legislation ln the whole American continent.   If  proven necessary,  up-to-date amendments should be introduced thereto.
 
5.  We are hopeful that with the reconstruction of Cuba and its basic industry, and with the     Support of the U.S. and other democratic countries, Cuba will become again one of the has members of the   Latin American Community, allowing the renewal of mutual beneficial economic relations.
 
Miami, Florida, Agosto 29, 1997
 
The Board of Director

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