CARICOM renews call for end to Cuba embargo

[Mika]

CARICOM renews call for end to Cuba embargo

{snips}

The Caribbean Community (Caricom) grouping yesterday renewed a call for the United States to end its decades old trade embargo against Cuba as the region reiterated its desire to maintain a close relationship with the Spanish-speaking Caribbean country.

“Caricom knows well the value of unity on the international front given that co-ordination of foreign policy is one of the pillars of our integration movement. We have, as a bloc, joined with like-minded states to both advance and protect our interests and support causes and initiatives of priority concern to us.
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The embargo is enforced mainly with six statutes and the United States has consistently voted at the United Nations against the removal of the embargo.

In 1999, then US President Bill Clinton expanded the trade embargo by disallowing foreign subsidiaries of US companies to trade with Cuba

More --> http://dominicavibes.dm/caricom-renews-call-for-end-to-cuba-embargo/

[Judi Lynn]

1. Very brave little countries, considering how much harrassment they've gotten,

over the years from the same bully, for their courageous loyalty and sense of propriety.

From the article:

La Rocque told the ceremony that the relationship between Cuba and Caricom is unique, forged over several decades.

“In fact, since the historic day of 8 December 1972, which saw the establishment of diplomatic relations with Cuba by Barbados, Guyana, Jamaica and Trinidad and Tobago, the bonds of friendship and solidarity between our countries have grown and deepened significantly,” he said, adding that the day is now celebrated annually as Caricom-Cuba Day.

Thank you, Mika!

[FrodosPet]

2. Cuba is adopting even more free market reforms

I think the embargo will be ending sooner than many may think.

If you are a dedicated state-owned-economy socialist, it is probably not as good of news as you may think.

Foreign Investment, a Priority for Cuban Development

http://www.cubanews.ain.cu/economy/1040-foreign-investment-a-priority-for-cuban-development

HAVANA, Cuba, March 25 (acn) Cuba considers foreign investment a priority for the development of key economic and social sectors. With this in mind a new Foreign Investment draft law will be submitted to approval by all 612 deputies of the National Parliament March 29.

The bill, the most expected economic measure by entrepreneurs interested in doing or in keeping business with Cuba, will replace the current law which, in force since 1995, is considered by some experts as no longer in tune with current economic needs and future prospects, aimed at reviving the local industry and gain competitiveness at the world market.

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The new law establishes more flexible customs, guarantees for investors in nearly all sectors of Cuban economy and fast paper work to achieve contracts.

~ snip ~

Experts say that it is also necessary to make some aspects more flexible such as the hiring of labor by implementing a better and more appropriate taxation and salary policy. They also suggest to look at money remittances in terms of foreign financing for the private sector and to draw up a policy linked to this capital flow in favor of foreign investment.