Cuba Gains Symbolic Win, But Don’t Expect Supply Chains to Follow

Businesses separately aiming to engage directly with the island authorities on Cuban soil have not been given any clarity.


Increased U.S. engagement with Cuba may boost trade and investment, but democratic political system reform remains unlikely, according to new analysis from Diego Moya-Ocampos, senior analyst at IHS Country Risk located in London.

Although Obama’s visit to Cuba is unprecedented and hugely symbolic, of greater significance were the latest round of measures to ease the U.S. embargo he announced before departing for Havana.

Moya-Ocampos says the measures cemented the U.S.‘s new foreign policy stance on Cuba, scaling back the U.S. embargo and sharply undercutting the five-decades-old policy.

Although retaining the formal ban on tourist travel, the U.S. administration removed towards a certain extent the restrictions on licensed tourist visits, effectively putting a Cuban vacation within reach for US citizens.

“The sweeping changes also eased restrictions on dollar transactions with Cuba, opening up the scope for Foreign Direct Investment from third countries”

“The U.S. also effectively removed penalties for ships visiting Cuba…thereby facilitating trade.”

But despite the advances proposed by the U.S. the response from the Cuban government to implement clarifying policy changes has been relatively modest.

Thus, while it is increasingly possible for U.S. firms to conduct business in Cuba from the U.S. under the terms allowed by the U.S. Treasury and the Department of Commerce, businesses separately aiming to engage directly with the island authorities on Cuban soil have not been given any clarity.

Related: What Free Trade Could Mean For The United States and Cuba
What Free Trade Could Mean For The United States and Cuba


Article Topics


Crane Worldwide Logistics News & Resources

Cuba Gains Symbolic Win, But Don’t Expect Supply Chains to Follow
Cuban Cigars Allowed in the US After Ban is Lifted
Optimism, And Questions, About U.S.-Cuba Shipping
What Free Trade Could Mean For The United States and Cuba

Latest in Supply Chain

Why Companies Should Look to LLMs, Not Chatbots, For Their AI Needs
Retail Supply Chains Embrace AI to Improve ESG Compliance
Optilogic and GM Form Partnership to Improve Supply Chain Efficiency
Bellingham and San Diego Ports Secure Key RAISE Grants for Infrastructure
Coyne Airways First to Offer Dangerous Goods Booking via WebCargo
South Carolina Ports Halts Construction to Clear Vessel Backlog
UK Logistics Company Speedy Freight Opens First US Branch in Dallas
More Supply Chain

About the Author

Patrick Burnson's avatar
Patrick Burnson
Mr. Burnson is a widely-published writer and editor specializing in international trade, global logistics, and supply chain management. He is based in San Francisco, where he provides a Pacific Rim perspective on industry trends and forecasts.
Follow Logistics Management on FaceBook


Crane Worldwide is a Full-Service Air, Ocean, Trucking, Customs Brokerage & Logistics Company. Our company was built on the belief that we challenge the norm through our five Crane Worldwide value propositions: Our People, Our Service Execution, Our Information Technology, Our Compliance & Quality Programs, and Our Account Management.


View Crane Worldwide Logistics company profile

 

Featured Downloads

Automation Revolution: Transforming Procurement for Strategic Impact
Automation Revolution: Transforming Procurement for Strategic Impact
Discover how strategic automation empowers procurement teams to navigate global supply chain challenges effectively, enhancing resilience and driving transformative business impact.
Navigating Procurement’s Digital Transformation with AI
Navigating Procurement’s Digital Transformation with AI
In today's rapidly evolving business landscape, the role of AI in reshaping procurement and supply chain operations is undeniable. This whitepaper by...

Unified Control System - Intelligent Warehouse Orchestration
Unified Control System - Intelligent Warehouse Orchestration
Download this whitepaper to learn Unified Control System (UCS), designed to orchestrate automated and human workflows across the warehouse, enabling automation technologies...
An Inside Look at Dropshipping
An Inside Look at Dropshipping
Korber Supply Chain’s introduction to the world of dropshipping. While dropshipping is not for every retailer or distributor, it does provide...
C3 Solutions Major Trends for Yard and Dock Management in 2024
C3 Solutions Major Trends for Yard and Dock Management in 2024
What trends you should be focusing on in 2024 depends on how far you are on your yard and dock management journey. This...