Economic Benefits Of Cuba's Embargo Lift

The Cuba Policy came into effect to end all relations between the United States and Cuba. The U.S. policy toward Cuba is controlled by the embargo, which contains economic agreements and restrictions on travel to Cuba. The effect of this policy is to minimize commercial, political and resident relations between the United States and Cuba. The State Department indicated that the purpose of the embargo was to have a nonviolent transition to a secure, democratic form of government and respect for human rights in Cuba.

The United States and Cuba have had a history of tension that goes back about 50 years. Within those years, an embargo was placed that kept Cuba isolated from participating in activities such as trade with the U.S. In 2008, a major step towards

Goods or services of Cuban origin may not be imported into the United States either directly or through third countries” (2001) . According to the Cuba Policy Foundation, the United States loses up to $4.84 billion annually in trade and exports alone (Pepper 2009) . The amount of money being disregarded because of now defunct reasons is radically lacking in logic. A simple repealing of the embargo would bring both the United States and Cuba great economic success.

“Raw sugar accounts for one quarter of Cuba’s export less than half a billion dollars” (The Economic Impact of Better US-Cuba Relations, 2015). Ending the embargo “Cuban exports can go from $0 to 5.8 billion” (US Cuba Embargo Pros and Cons: Renewed Relations Sets Caps and Limited Success for Businesses). Both economics can benefit massively from lifting the trade embargo this is because one of the most imperative exports of the Cuban economy is nickel. Nickel a mineral used in many industrial processes such as the creation of stainless steel, it can be a major use to the United States economy because it imports around 43% of nickel from the rest of the world therefore Cuba could benefit by entering the United States market. Cuba’s major import is refined petroleum which the United States is one of the largest producers of, the Cuban economy also imports wheat corn, meat, milk and soybeans which the United States also produces. Additionally, Cuba also exports rum and tobacco(cigars) which are said to be legendary in the United States. With the lifting of the embargo these products can be exported to the United States because Americans loves these clichés also, these exports can lead to a major enhancement in the Cuban economy because trade increases sales and profits, strengthen local competitiveness and diversification. Together the countries will be able to trade mutually and exchange

Anderson provides his definition of the policy, “Under the policy he introduced, those Cubans apprehended by the U.S. Coast Guard at sea would be deported back to Cuba, but the U.S. would accept those who made it to American shores.” Since the policy was introduced the relationship between Cuba and the United States has improved considerably. Anderson states this as one of the main reasons it has improved, “But after Raúl Castro assumed office and his brother Fidel stepped down, in 2008, things have eased up considerably, with the lifting of travel prohibitions for Cubans.” There has also been a large increase in travel and money between the two countries.

Cuba is a nation that formed from a history of colonial and imperial domination. Formal colonial status under Spain ended during the invasion by the United States in 1898, when military and corporate interests made the island a de facto colony of the United States. However, Cuba and the United States have had a long history of both political and military ties; both good and bad. Nevertheless, these ties have played a vital role in the current relationship the United States maintains with Cuba. In the recent years, both countries have continued to work toward a better diplomatic relationship; possibly enhancing the overall success of both Cuba and the United States.

The U.S. and Cuban controversies have been around since 1962. The president has decided that isolating Cuba has not worked and recently loosened travel restrictions and exports restrictions. Although this is a huge step to right directions economically, cultural effects so far have been minimal for both the U.S. and Cuba. Politically, Cuba is a socialist country, however, has been taking steps to democracy. For example, reforms breaking up government owned lands and authorizing self employment in many occupations. With the embargo lifted, it is expected that Cuba takes more steps in the right direction. On the economic side of things, Cuba still has strict control on foreign investment, but it is expected with time that investors will be

Even though the Cold War ended years ago if Donald Trump wins with will begin again. With Cuba not embargoing with the United States can actually benefit from this accomplishment. This has and can be proved by many presidents from the past and even President Obama. In my opinion I feel that the embargo should be lifted for the better for people in

The United States is known for being one of the greatest and strongest countries in the world looking at past events and in this day and age. What might strike some people as shocking is that the U.S. would not be as strong without close ties with other countries or allies. Examples would be France, England, and Canada, plus many more. What people don’t talk about is the U.S.’s rivals or countries that the U.S. has had trouble with in the past leading up to now. One of the most renowned countries is only ninety miles away from the southern tip of Florida and that is Cuba. Cuba is known for the fantastic beaches, some of the most well-known baseball players around, and, of course, Cuban cigars and rum. But, the past with Cuba is not as bright as the U.S. wants it to be because of historical events such as the embargo, the Bay of Pigs, and the Cuban missile crisis during World War II that caused the two countries to separate as allies and close tied nations. Over the past year the U.S. and Cuba have been trying to put the past behind them and have diplomatic and cultural relations once again.

In 1960 the United States, under President Eisenhower, established a partial embargo on the tiny island nation of Cuba (Rampersand, 402). That partial embargo became a complete embargo under President Kennedy in 1962. The United States established the embargo on Cuba to alter Cuba’s political clime. Looking back through the last 55 years, that goal has not been achieved. It is time to end the embargo on the island nation of Cuba re-establishing economic, scientific and cultural exchanges.

, and tobacco, for 60 years this has been Cuba’s calling cards, a land that hasn’t progressed much in six decades Cuba has stood as a vacation paradise for many of the worlds powerful nations, including Europe, Canada, and Australia. Most people who visit Cuba rarely see past the white sands, blue water, and endless alcohol of resorts, going off said resorts will give an entirely different view of the country. A people of farmers, musicians, and artisans, the Cuban people are a simple and hard working group all looking. For 60 years the Cuban government has kept the United States out of the country for the most part, that is until recently. During the cold war, Cuba joined the communist nations and went as far to allow Russian missiles to be placed on Cuban soil this was seen as a threat to American interests, causing John F. Kennedy to impose an embargo on the small nation just 80 miles away from Florida. With the Obama administration now lifting these embargos this can be viewed as both a positive and a negative thing to the county. While yes opening up Cuba to America will do wonders for it economically, I believe that culturally the country will suffer greatly. Often when American influence is permitted into a country there is often corruption that follows, Industrial corruption, cultural bullying, and the influx of drugs, are all issues that seem to follow whenever America enters a former enemy state. While yes from an economic stand point the country may do well,

Cuba and the Affects of the Embargo The island nation of Cuba, located just ninety miles off the coast of Florida, is home to 11 million people and has one of the few remaining communist regimes in the world. Cuba’s leader, Fidel Castro, came to power in 1959 and immediately instituted a communist program of sweeping economic and social changes. Castro allied his government with the Soviet Union and seized and nationalized billions of dollars of American property. U.S. relations with Cuba have been strained ever since. A trade embargo against Cuba that was imposed in 1960 is still in place today. Despite severe economic suffering and increasing isolation from the world community, Castro remains committed to communism. (Close Up

The U.S. embargo against Cuba that has been going on since the 1950s is coming to an end. It clearly never achieved its aims as one of the Castro brothers is still in charge on this island and Fidel was in charge until ill health, not our embargo, forced him out. The Obama Administration has already lifted certain travel restrictions to the island nation, and CNN is reporting that it will be announced on Wednesday July 1 that embassies will be reopened in our respective countries for the first time in over 50 years.

Although this issue is of great controversy in the US, and there are a lot of opponents to the idea of lifting the Embargo, There were some attempts of softening the embargo with Cuba, but unfortunately, it has consistently responded with acts of aggression from the Cuban behalf, which made the opponents more concerned; What would happen if the sanctions were fully lifted?. President Carter tried to normalize relations with Cuba by opening the US Interests Section (a de facto embassy) in Havana in 1977. Fidel Castro then orchestrated the Mariel Boatlift, which sent 125,000 emigrants (including criminals and mentally ill people) to the United States. In 2003, President George W. Bush began to ease restrictions for visiting family members in

Although the Cuban revolution evidently proved detrimental to the Cuban economy, the U.S is not to blame because along with culturally benefitting Cuba, up until the embargo, we provided an ample source of income, thus contributing greatly to the Cuban economy. In the 1880s the US consumed the majority of Cuba’s exported sugar, tobacco, cocoa, coffee, tropical fruits, and nuts and in return the U.S exported cereals, meats, manufactured goods, condensed milk, vegetable oils, cheese, and fuel, back to Cuba. Following the Spanish-American war in 1898, the U.S essentially acquired Cuba and U.S occupation resulted in tariffs reduced by 52%, reduced taxes, expanded railways and communications, established a land market liberalizing the land tenure