Paper Details  
 
   

Has Bibliography
7 Pages
1687 Words

 
   
   
    Filter Topics  
 
     
   
 

Cuba Embargo

o wouldinstitute them.Current US policy towards Cuba does not serve US economic interests because itblocks off a very profitable market from US farmers and businesses and hindersconsumers from getting the best possible prices. In 1999 the American Farm BureauFederation stated that without US sanctions agricultural trade with Cuba would amountto $500 billion initially. It also estimated that this would quickly grow to $2 billion infive years or less. An article written in May 2000 for CNN.com entitled US FarmersLobby to Ease Cuba Sanctions states that Cuba imports $700 million dollars of food ayear. For struggling US farmers this huge market would be immensely helpful in makinguse of their untapped and badly needed wheat and rice markets. Farming is not the onlybusiness suffering from the embargo. A lifting of US sanctions would also help USpharmaceutical companies. Currently Cuba has very little access to medicine, especiallynew medications. Most recently developed medicines are created by US companies. Cubas severe lack of medical supplies would make it a very profitable area of export forthe pharmaceutical companies. The embargo also effects the price of some goods in theUS. The goods noticeable effected are citrus and sugar, which are produced inabundance in Cuba. Opening the US market to trade with Cuba would createcompetition between Cuban producers of these goods and US producers which wouldultimately lead to lower prices for consumers. Not only would competition lower theprice of goods but cheaper importing costs would also lower the price since the US couldimport some goods from Cuba rather than from countries that are farther away. Aneasing of sanctions on Cuba would help better US businesses and thus should be in thecountrys national interest.The US has often claimed morals grounds for the embargo, and yet US imposedsanctions on Cuba are considered by the international community to immoral as theyseverely compromi...

< Prev Page 4 of 7 Next >

    More on Cuba Embargo...

    Loading...
 
Copyright © 1999 - 2025 CollegeTermPapers.com. All Rights Reserved. DMCA