Abstract
United States foreign policy and a myriad of legal restrictions prevent open trade transactions between U.S. businesses and the Republic of Cuba. Before the 1962 Cuban trade embargo, the United States was Cuba’s major trading partner with approximately seventy-five percent of Cuba’s imports coming from the United States. Despite Congressional findings encouraging trade with all nations, yearly bills eliminating restrictions on Cuban trade, and the opening of trade relations with other Communist countries, the presidential proclamation closing the Cuban market remains effective for businesses based solely in the United States.
Foreign subsidiaries of U.S. owned or controlled firms were granted licenses to break the embargo barrier, while U.S.-based businesses were excluded from the profitable Cuban market. Thus inequity, he difficulty in enforcing trade sanctions, and the business community’s desire to reopen trade with Cuba, arguably all support the easing of the embargo.
Recommended Citation
Hammock, Marlene
(1984)
"U.S. Prohibitions on Cuban Trade: Are They Effective?,"
Florida Journal of International Law: Vol. 1:
Iss.
1, Article 3.
Available at:
https://scholarship.law.ufl.edu/fjil/vol1/iss1/3