US Trade Commission to Examine Impact of Lifting Sanctions on Cuba
22:05 30.01.2015(updated 22:37 30.01.2015)
US International Trade Commission announced that it will examine the
effect of lifting sanction-imposed restrictions would have on US exports
WASHINGTON, January 30 (Sputnik) — The US International Trade Commission
(USITC) will examine the effect of lifting sanction-imposed restrictions
would have on US exports to Cuba, the commission announced Friday in a
“USITC…will provide an overview of recent and current trends in Cuban
imports of goods and services, including from the United States, and an
analysis of U.S. restrictions affecting such purchases, including
restrictions on U.S. citizen travel to Cuba,” the commission said.
The report, at the request of the Senate Committee on Finance, will
examine what impact the lifting of US sanctions on Cuba would have on US
trade with Cuba, while identifying Cuba’s major trading partners and
current import and market trends.
The US maintains a host of congressionally mandated sanctions against
Cuba that are unaffected by an announcement in December by US President
Barack Obama to normalize relation with the island. Under Obama’s
actions the US will open an embassy in Havana, ease travel restrictions
on US citizens travelling to the country, and ease certain sanctions.
To lift the nearly 50 year embargo against the country, however,
congress would have to enact legislation.
Source: US Trade Commission to Examine Impact of Lifting Sanctions on
Cuba / Sputnik International –