Cuban Embargo

› Embargo

The embargo was imposed by President Kennedy after the defeat of the Bay of Pigs invasion (1962). An economic blockade and travel restrictions were imposed.

Helms Burton Act - Cuban Trade Embargo

The US trade embargo was reinforced in October 1992 by the Torricelli Act and in 1996 by the Helms Burton Act which penalizes foreign companies doing business with Cuba. The European Union has criticized the Helms Burton Act because they felt that the US was dictating how other countries should conduct their trade and foreign policy.
Canada and Europe organized legal counter measures to offset the impact for their citizens.

Impact of the U.S. Embargo Against Cuba

The embargo imposed by the U.S. for nearly 50 years seems to have no visible impact on the daily life and Cuban economy, but the Cuban Goverment is blaming the "Bloqueo" (Blockade) or embargo for many problems in the country. Ironically due to some legal exceptions, US farmers are the biggest source of agricultural imports to the island, a business of 600M USD worth.

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