Wednesday, February 18, 2009

U.S.-Cuba Trade Relations

Outlook good for U.S. rice to Cuba

This article is about the possibility of Cuba restoring trade with the U.S. It focuses specifically on the impact of Cuba importing rice, and how that has the potential to benefit the U.S. rice business.

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Cuba distributes more than 45,000 land parcels

Contrary to the previous article, President Raul Castro just distributed more than 45,000 land parcels composed of unused state lands to citizens (mostly farmers), in an attempt to revitalize Cuba's agriculture business. This article also talks about how he plans on cutting Cuba's imports. So, we'll see how the whole trade-with-Cuba-while-it-becomes-independent-of-trade thing plays out.

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Guatemala apologizes to Cuba for Bay of Pigs

A little more recently, the Guatemalan President, Alvaro Colom, apologized for his role in the Bay of Pigs invasion in 1961 (a failed CIA attempt to overthrow Fidel Castro). Seeing as how the US has recently expressed interest in restoring trade relations with Cuba, I wonder if this incident, since it's recently resurfacing, will play a role in preventing the restoration of U.S.-Cuban trade relations.

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