Articles Tagged with trade

la-cuba-20170112-300x169Last Wednesday, the Trump administration announced new restrictions on American travel and trade with Cuba, finally implementing the changes promised months ago when President Trump said that he would reverse Obama-era policies that were meant to improve the relationship between the US and Cuba.

The announcement by the White House comes after diplomatic relations between the two nations have hit a low point in the wake of the United States’ decision to withdraw a majority of its diplomats from Cuba and expel Cuban diplomats from the US in turn.

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CAT-300x200Even with US-Cuba relations up in the air, business continues as usual. Despite the negative writing on the wall from a foreign policy standpoint, companies are continuing with their plans to do business with Cuba.

Cuba gave RIMCO, Caterpillar’s Puerto Rico-based dealer, permission to set up a Caterpillar warehouse and distribution center in Cuba’s Mariel Special Economic Development Zone, envisioned by the Cuban government as the island’s economic future. After a long process of campaigning and negotiations, Caterpillar Inc. is the first US company to locate in the Cuban economic zone.

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trumperFifty-five years after the United States and Russia went to the brink of war over the Cuban Missile Crisis, another critical event in the relationship between the United States and Cuba has been reached as President Trump openly blamed Cuba on Monday for the attacks on US diplomats over the past year.

The announcement by President Trump comes after a fruitless investigation into the attacks by multiple investigative agencies, including the FBI.

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cleveland-cuba-puertos-1-300x195Cleveland, Ohio became the latest city to sign a port agreement with Cuba this week, making it the first agreement since the US State Department’s decision to remove American diplomats from Cuba and request the removal of Cuban diplomats from Washington.

The so-called “Memorandum of Understanding” was signed by the Darrell McNail, president of the Board of Administration of the port of Cleveland and Captain José Joaquín Prado, general director of Cuba’s Maritime Administration in Havana last Friday.

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Photo-from-CubaTrade-620x420-300x203Horace Clemmons and Cuban-born business partner Saul Berenthal, owners of tractor manufacturing company CleBer LLC, have been eyeing a deal in Cuba since U.S. relations with Cuba finally eased back in 2014. Eased relations, paired with the Cuban government returning unused state-owned land to the people in hopes of stimulating growth in the agricultural industry back in 2008, have revealed to the two entrepreneurs an opportunity they are still pushing for after 3 years.

Manufacturing has been a shrinking industry in the United States since the end of World War II, when the country’s galvanized work force undertook one of the greatest military industrial efforts in history. Although manufacturing still accounts for a solid twelve percent of the United States’ GDP, today’s manufacturing industry is a far cry from the World War II days, due much in part to cheaper labor sources in countries like China and Mexico. But the industry is far from dead, and one company is looking to go where none have gone before – Cuba.

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maduro-300x225In a surprise visit to Cuba, Venezuelan President Nicolas Maduro paid homage to the late Fidel Castro just after the 91st anniversary of his birth on August 13, 1926.

Maduro met with Cuban President Raul Castro for a visit to the cemetery in Santiago de Cuba and the mausoleums of both Fidel and national hero Jose Marti. The visit marks a continuation of strong relations between the two socialist countries, who remain regional ideological allies.

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China-Cuba-Cigar-Deal-300x200China National Tobacco Corporation (CNTC) and Cuban cigar producer Habanos S.A. signed an agreement in Havana over the weekend with the aim of increasing Cuba’s cigar exports to China.

Co-heads of Habanos S.A., Luis Sanchez-Harguindey and Inocente Nunez, and CNTC general manager Ling Chengxing signed the agreement on Sunday. Under the agreement, Habanos S.A. will assist China with the production of tobacco products while expanding the sale of its premium products in the Asian market.

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US-agricultural-representatives-300x194Agriculture officials in Alabama have lobbied to turn Cuba into a market for the state’s poultry products for years, but President Donald Trump’s recent policy change with the island jeopardizes that opening.

Alabama Agriculture Commissioner John McMillan said exports to Cuba, which receives millions of tons of poultry every month from the state, could be impacted by the president’s restrictive policy change.

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downloadThe 1st Convention on Commerce, Cuba-2017,  ( I Convención de Comercio, Cuba 2017) wraps today in Havana, marking the first convention of its kind to take place on the island. The convention occurred less than a year after relations between the United States and Cuba thawed.

The convention, which is taking place at the Havana International Convention Center, bears the slogan “Challenges and Trends of Sustainable Commerce.” It attracted attendees from 10 different countries.

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Donald-Trump-300x200Four months after he was sworn in, President Donald Trump has yet to  undo former President Barack Obama’s Cuba policies. After much anticipation that an announcement on changes will be made this week, Trump has reportedly still not chosen a course of action, White House officials said.

The White House had wanted to unveil his plan on May 20 to commemorate the 115th anniversary of Cuba’s independence, but the president is beginning his international trip on Friday and the review of the policy changes the Obama administration made has still not been concluded, The Miami Herald reports.

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