US Blockade Hurting Cuba Exports
US Blockade Hurting Cuba Exports

US Blockade Hurting Cuba Exports

US Blockade Hurting Cuba Exports

The US economic, commercial and financial blockade against Cuba affects the country’s foreign trade and hinders the development of foreign investment.
According to a report prepared between April 2015 to April 2016, the losses due to the blockade in this period amounted to $4.10 billion, a much higher figure compared to the previous period, CubaNews reported.
Health and biotechnology are the sectors most affected by the economic and commercial siege, the report said.
Americans and sometimes citizens from other countries were denied access to more than 200 quality medical programs offered by the Caribbean nation, at a loss of over $31 million during the said period.
The sale of the Cuban drug Heberprot-P (which aids feet care for those with diabetics) to only 5% of the American population would earn the Cuban biotechnology industry around $122 million annually, the report said.
Other drugs such as Melagenina Plus, Coriodermina and Piloactive Lotion - to treat vitiligo, psoriasis and alopecia, respectively, would benefit much of the US population and generate big profits for Cuba.
Another Cuban biotechnology industry drug is Vidatox 30CH, a treatment for patients with cancer, which Americans are banned from purchasing.
The export of this medicine to the United States would generate about $900 million.
The lifting of the 50-year blockade would mutually benefit both countries, the report said.

Short URL : https://goo.gl/4YqMSJ
  1. https://goo.gl/ahqtZA
  • https://goo.gl/A1cyAz
  • https://goo.gl/DWhI9s
  • https://goo.gl/4Ce9Ok
  • https://goo.gl/hKXYbA

You can also read ...

Curing existing patients also decreases the number of carriers able to transmit the virus to new patients.
Goldman Sachs has outdone itself this time. That’s saying a...
The accumulation of bankruptcy cases means that  it sometimes takes about six months just to get  a new insolvency case admitted to court.
India’s revamped bankruptcy process is in full swing and...
The vast majority of US businesses are pass-throughs, including those owned by President Donald Trump.
The US' Congressional Budget Office warned earlier this month...
Transnational organized crime is involved in all forms of illicit trade, from human trafficking networks and tobacco smuggling, to trade of counterfeit goods.
Illicit trade in any of its forms—tobacco, pharmaceuticals,...
Swiss Investor Confidence Weakest Since Late 2016
Switzerland’s investor confidence deteriorated further in...
Finland’s Nordea Bank Predicts Growth to Stagnate After 2020
Finnish economic growth is set to keep its strong path this...
Argentina Gets 32 Road Project Bids
Argentina says it received 32 bids for six road projects...
Kenya Growth Slows to 4.9%
Kenya’s economy grew by 4.9% last year from 5.9% in 2016, the...