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Cuban Foreign Trade

Cuban Foreign Trade. U.S.-Cuba Trade Association: "Doing Business with Cuba" Orlando, Florida, April 2006. Gross Domestic Product. Foreign Trade Growth (1995-2005). 2005- Trade by regions. » CUBA IS A FOUNDING MEMBER OF GATT AND WTO. Main Cuban exports and imports.

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Cuban Foreign Trade

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  1. Cuban Foreign Trade U.S.-Cuba Trade Association: "Doing Business with Cuba" Orlando, Florida, April 2006.

  2. Gross Domestic Product

  3. Foreign Trade Growth(1995-2005)

  4. 2005- Trade by regions » CUBA IS A FOUNDING MEMBER OF GATT AND WTO

  5. Main Cuban exports and imports

  6. U.S. Blockade has a severe impact on Cuba´s foreign trade. • $ 82,000 MM (est. direct economic damage) in 45 years • $ 1,782 MM (average economic loss / year) • $ 822,6 MM ( 2005 est. loss in trade) 182 countries against U.S. blockade in 2005

  7. U.S.- CUBA TRADE POTENTIAL • Cuba is the largest market in the Caribbean and the closest one to the U.S.; over 11 million inhabitants, plus an expanding tourist industry.

  8. The Energy Sector provides attractive business opportunities

  9. Increasing trade =Increasing communication services

  10. Lifting the travel ban and the restrictions on Cuban-Americans visiting the Island will have an impact on both, the U.S. (particularly Florida) and Cuba

  11. Airlines and shipping companies will benefit from two ways trade

  12. Increased business in ports and airports

  13. Potential opportunities in software and banking services

  14. Successful development of Cuban biotechnology; recognized results.

  15. Business related to Environmental Protection would be of interest for both sides

  16. Conclusions

  17. A real potential exists for significant trade in goods and services between Cuba and the U.S.

  18. The elimination of the blockade and restoration of bilateral trade between both countries would benefit not only Cuba, but also the U.S. business community

  19. Cuba’s natural resources and skilled labor, as well as its geographical proximity to the U.S. add up to opportunities for American business

  20. Arguments have been raised portraying Cuba as a threat for U.S. businesses, particularly, for Florida´s...

  21. …Florida is called to be the most benefitted area in the U.S. in terms of trade and investments with Cuba

  22. Whenever business opportunities have existed, Cuba has shown its willingness to make them possible. The best example is the way ALIMPORT has conducted purchases of U.S. agricultural products since 2001, despite all the hurdles.

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