U.S. trade embargo on Cuba
Posted October 20, 2015
Updated October 21, 2015
- If restrictions are lifted, The United States could have access to lung cancer vaccines and drugs for diabetes complications that have been developed on the island and have proven to be highly effective.
- Currently, Cuba has not met the requirements set by the United States to lift the sanctions.
- REQUIREMENTS: According to U.S. policy, Cuba would have to support democratic political activity and release political prisoners.
- Currently, U.S. Policy allows people to travel to Cuba for humanitarian purposes, educational purposes and to visit family members relatives in Cuba.
- According to Pew Research Center, two-thirds of Americans favor an end to the decades-long U.S. trade embargo on Cuba. Nearly two-thirds of Cubans (64%) said normalizing relations with the U.S. would change the economic system, though only 37% thought the political system would change.
- The United Nations has formally condemned the U.S. embargo on Cuba every year since 1991.
- According to the U.S. Chamber of Commerce, the embargo costs American exporters up to $1.2 billion annually in lost sales.
- According to a Texas A&M Study, if U.S. travel and financial restrictions are removed, the U.S. could see up to $365 million in additional sales of U.S. goods and 6,000 new jobs in the United States.