Business / Trade in Cuba
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CUBA, 2016/01/28
The Obama government is loosening the U.S. trade embargo on Cuba with a new round of regulations allowing American companies to sell to Cuba on credit and export a potentially wide range of products to the Cuban government for the initial time, officials said Tuesday.
The changes are President Barack Obama's third attempt to spur U.S.-Cuba commerce despite an embargo that still prohibits most forms of trade with the island.
U.S. travel to Cuba has exploded since Obama and Cuban President Raul Castro declared detente in 2014. But U.S. hopes of building wider trade between American businesses and Cuba's private sector have been largely frustrated by Congressional reluctance to end the embargo itself and by the island's labyrinthine restrictions on imports, exports and private business.
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ARUBA, 2015/11/27
The United States Agency for International Improvment(USAID) and the Caribbean Community (CARICOM) today signed agreements that will see nations of the eastern and southern Caribbean benefiting from US$165 million in development assistance.
An estimated US$89 million will target the reduction of youth involvement in crime and violence in target communities, while US$52 million is designated to achieving epidemic control of HIV/AIDS part key populations, and $31 million will go towards reducing the risks to human and natural assets resulting from climate vulnerability.
CARICOM Secretary General Ambassador Irwin LaRocque and USAID Eastern and Southern Caribbean Mission Director, Christopher Cushing, initialled the five-year Development Objective Agreements (DOAGs) at the CARICOM Secretariat in Guyana.
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CUBA, 2014/12/18
The United States and Cuba are to start talks to normalise diplomatic ties in a historic shift in relations between the two nations, President Barak Obama announced Wednesday.
In a nationwide broadcast, Obama said Washington will as well open an embassy in Havana in the coming months.
The moves are part of a transaction that saw the release of American Alan Gross by Cuba and includes the release of three Cubans jailed in Florida for spying.
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CUBA, 2014/06/02
The United States imposed an embargo on the communist-run island additional than 50 years ago following the triumph of the Cuban Revolution. Members of the Cuban community in the US have criticized the visit.
They accuse the Castro brothers' government of persecuting political opponents and violating basic human rights.
Cuban-American Senator Robert Menendez said political opponents continued to be arrested “without justification,” in Cuba. “Such conditions hardly seem an attractive opportunity for any responsible business leader,” Senator Menendez was quoted. Members of the trade delegation said that they were in Cuba to assess the trade possibilities in a post-embargo scenario.
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CHINA, 2013/11/10
Chinese President Xi Jinping met at the Great Hall of the People with Cuban Minister of Foreign Affairs Bruno Rodriguez Parrilla.
Xi Jinping recalled happily his friendly exchanges with President Raul Castro Ruz and Comrade Fidel Castro Ruz. Xi Jinping expressed that China and Cuba are good friends, good comrades and good brothers. At present, the international situation is undergoing profound and complex changes.
Both China and Cuba are in the critical period of development and they should join hands advancing and striving for development. China will as always attach great importance to relations with Cuba. Both sides should keep close high-level exchanges, share experience on national governance, accelerate promoting cooperation in major fields and keep close cooperation in international affairs so as to jointly boost the development of China's relations with Latin American and Caribbean nations. China wishes the Communist Party of Cuba and the Cuban people new better achievements in the cause of building socialism.
