Date post: | 24-Dec-2015 |
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Last year, the Cuban economy and its foreign trade were adversely affected by the following factors:
Last year, the Cuban economy and its foreign trade were adversely affected by the following factors:
Impact on the Tourist IndustryImpact on the Tourist Industry
HavanaHavana VaraderoVaraderoJardines del ReyJardines del Rey
N. CamagüeyN. Camagüey
N. HolguínN. Holguín
Santiago de CubaSantiago de Cuba
Central SouthernCentral SouthernCoastCoast
CanarreosCanarreos
The calculation procedure of Cuba’s GDP does not consider the actual contribution by the public health and education services, as well as other services that are underestimated because they are free.
It is estimated that a proper inclusion of this services would double the value of Cuba’s GDP.
The calculation procedure of Cuba’s GDP does not consider the actual contribution by the public health and education services, as well as other services that are underestimated because they are free.
It is estimated that a proper inclusion of this services would double the value of Cuba’s GDP.
US exports of non-agricultural products to Cuba are still subject to sanctions. US exports of non-agricultural products to Cuba are still subject to sanctions.
The sale of agricultural products is subject to important restrictions.The sale of agricultural products is subject to important restrictions.
US citizens are not allowed to travel to Cuba freely.US citizens are not allowed to travel to Cuba freely.
Cuban exports are not allowed into the United States.Cuban exports are not allowed into the United States.
US dollars cannot be used as a means of payment.US dollars cannot be used as a means of payment.
Cuban boats cannot call on American ports.Cuban boats cannot call on American ports.
Cuba and US banks are not authorized to transact directly. Cuba and US banks are not authorized to transact directly.
Scenario:Elimination of all economic sanctions
against Cuba.
Authorization of a two-way trade.
Possibility for US investment in Cuba.
The development of a Cuba-US bilateral trade would also lead to:
US sales of agricultural products amounting to no less than $1 billion.
The creation of additional jobs in both countries.
A further growth of both the Cuban economy and the States that trade with Cuba.
The possibility for US investors to invest in Cuba.
Geographical proximity and Cuba’s availability of natural resources and highly qualified labor force are advantages for the US investments in Cuba.
The Cuban purchases over the last 15 months have shown that Cuban is willing and ready to normalize relations with the US.