Essay On Cuba Business

Cash is not abundant in Cuba, especially for the poor to middle class families. An example of this would help move “product” from point a to b and in return, the employers can provide your family with food for a month.Government officials will often times take kickbacks for awarding large contracts to foreign companies . In return get money back from the investment in the company.

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

On the island, the standard of living progressively deteriorated to the point where it can now be politely described as dismal. Cuba was an economic failure and survived only because of massive Soviet assistance that effectively ended with the demise of the Soviet Union, which only accelerated the economic deterioration; Cuba has essentially been in a state of economic stasis since these events, now over five decades ago (Central Intelligence Agency, 2017). Fidel Castro remained solidly in control until a combination of age and infirmity forced him to relinquish his position to his brother Raúl, who does remain in power at present. While there was some recent softening in the official American attitude toward Cuba, including admission to the Organization of American States and the resumption of diplomatic relations with the United States, the economic blockade and strict currency restrictions do remain in place (Central Intelligence Agency, 2017). At present, the relationship between the United States and Cuba is currently in a state of flux as the Trump administration determines its course of action toward Cuba (Davis,

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

From their end, Cuba has surprised many around the world for striving against such barriers. “ The main driver of the Cuban economy is agriculture. The country is a major producer of several crops but sugar and tobacco are the big money products. Despite not being able to export their products to the United States Cuba has become a major exporter of agricultural products. There has been an attempt on the part of the Cuban government to diversify their economy and it looks like natural resources will be one way that they can do this. The country has become a major nickel producer and this has quickly become one of their largest exports. There is also the potential for Cuba to become a major oil producer. There are large reserves of oil in the Caribbean that are in Cuba's territorial water. It is very likely that in the near future they will take advantage of these reserves in order to help diversify the economy.”

Canadian companies have committed with business in Cuba, and it was successful. It is a relief due to the fact that Canada did not have to compete with U.S. counterparts. Two-way trade amounts come up to more than $1 billion each year, while Canadian companies still have a sizeable presence in the island country’s mining, oil and gas, agricultural and tourism industries. But Canada might not have had any role at all if it weren’t for its unique relationship with the two adversaries, particularly Cuba.

What do these countries have to do with Cuba? While despite these countries records of human rights violations and differing governments, the United States continues trade, travel and commerce with all of these nations. Wayne Smith explains how former President George W. Bush lifted trade sanctions on North Korea in 2008 even amidst concerns about the nations desire to develop nuclear weapons (Smith, Wayne). Cuba has tried to meet the high standards of the United States with no avail. After the CDA was passed in 1992, Havana initiated a number of reform measures in 1993, permitting farmers markets and small private enterprises, including private restaurants and repair shops, use of the U.S. dollar as legal daily tender, and more favorable terms for foreign investment. Americans are allowed to travel to other communist countries, nations known for human rights violations, and even places on the list of State Sponsors of Terrorism but cannot travel to Cuba. The United States even trade with countries of differing governments and policies such as China, Venezuela, and Vietnam regardless of their opposing governments and Cuba should be no

Supporters of the legislation believe that prohibiting foreign investment will quicken Castro’s downfall. (Close Up Foundation) Many debate on the issue of why the U.S. should or shouldn’t keep the ebargo against Cuba. These debates deal with the effects of the Embargo on Cuba’s economy, humanitarian rights and health of the people of Cuba. The embargo today places a ban on subsidiary trade, Licensing, shipping and humanitarian aid. (Close Up Foundation) In 1992, the Cuban Democracy act imposed a ban on subsidiary trade with Cuba. This ban restricted Cuba’s ability to import medicines and medical supplies from third country sources. There have also been corporate buy-outs and mergers between U.S. and European pharmaceutical companies thus adding to the number of companies permitted to do business with Cuba. Under the Cuban Democracy Act, The U.S. Treasury and Commerce Departments are allowed to license individual sales of medicines and medical supplies, supposedly for humanitarian reasons to make up for the embargo’s impact on health care delivery. According to the U.S. corporate executives, the licensing provisions are so tough as to have had the opposite effect. With this statement, it is assumed that there are fewer licenses given out for humanitarian reason therefore favoring the embargo and aiding in the downfall of health in Cuba. Since 1992, the embargo has prohibited ships from loading or unloading cargo in U.S. ports for 180 days after

On February 1962, President John F. Kennedy signed an embargo on Cuba due to their Communist threat. Recently, the 50th anniversary of this same embargo, marked the continuing relationship upheld by The United States and Cuba. The United States created the embargo, in hopes that it would pressure the Cubans into adopting their Democratic policies. This embargo has not only failed, but has detracted from it’s goal of spreading democracy in Cuba. Additionally, it has hurt the American economy, costing the United States roughly $5 billion annually in lost exports. Many have recognized that it is through free trade not isolation, that democracy can be promoted within Cuba. The exposure cultural freedoms found in free trade would lead to economic

The United States and Cuba have been in bad relations since the past four decades. There are various reasons that could be behind this situation. One of the main reasons is the economic sanctions and embargo placed on Cuba by the United States. The embargo states that the United States are prohibited from doing any sort of trading with Cuba and to eliminate all business relations. This includes all the imports and exports Cuba receives and sends to America. Even further any sort of tourism from America to the Cuba and vice versa are completely banned. There are many reasons for placing an embargo on Cuba, the main being that the United States wanted Cuba to follow the free market economy and have a democratic leadership. However, the question

The Cuban people have been under the harsh dictatorship of both Felgenico Batista and Fidel Castro. They both had very strict policies and gave the Cuban people limited or no freedom at all. Batista and Castro were similar but yet different. One major difference that they had was that Batista was friendly with the United States and he had respect for American interest. On the other hand Fidel Castro hasn’t been as friendly with the United States, so the U.S has a trade embargo that restricts and American company to do business with Cuba and also U.S citizens are prohibited from traveling to Cuba unless for special circumstances.

It’s the first time after 55 years of the campaign of the embargo. Finally, Cuba and the U.S. reopen embassies in each other’s country in 2015. Despite Castro regime has not been improvement its human right, both sides of citizens are expecting the U.S authority repeals its economic embargo from Cuba someday. Besides, under the Cuba DATA Act, congress allows telecommunications and internet firms provide their services in Cuba which are maintained tight censorship of networks. By providing Cubans more internet access to connect with the world, the U.S. authority wishes it would help for giving pressure to the Castro regime.

On the off chance that the U.S. dropped the ban, our organizations would join those from around the globe that pay the consequences to the Castro administration as it adventures the Cuban individuals. It is this degenerate framework, not the ban, which denies the general population of Cuba of the advantages of exchange and the ability of their work. As the U.S. contended in the Unified Countries, "the Cuban Government's own particular approach was the biggest obstruction to the nation's own particular improvement, concentrating political and financial choices in the hands of the few and smothering monetary development." The American individuals need "unhindered commerce with free individuals," not controlled exchange that reinforces a tyrant government's persecution of its

The embargo has constrained the crossing of the borders for Cuban citizens, the exiles of Cuba and the businesses, its subsidiary to not be able to do their business in Cuba without facing penalties. This embargo has forbid the Cuban citizens’ contact to consumer goods that the United States presented. Cuba’s expansion of its infrastructure has also been limited therefore the country continues to be a poor country.