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Will Obama Lift the Trade Embargo Against Cuba?
Money Morning (April 22nd, 2009) Writes:
U.S. President Barack Obama has opened the door to a broader relationship with Cuba by loosening travel and communication restrictions. But will pressure from numerous Latin American states and a promise to usher in a new era of cooperation and dialogue in the Western Hemisphere ultimately result in the revocation of the 47 year-old trade embargo?
And what would it mean if the Cuban trade embargo were actually abolished?
President Obama has already loosened several restrictions enacted by his predecessor George W. Bush. Prior to his arrival at the Summit of the Americas in Trinidad and Tobago last weekend, Obama relaxed restrictions on travel to Cuba, making it easier for Cuban Americans to visit and transfer money to relatives on the island.
“There are no better ambassadors for freedom than Cuban Americans,” Obama said in a campaign speech last year. “It’s time to ...
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Airline, airline carriers, Airline Industry, Americas, bank services;, Barack Obama, Brazil, bush administration, Canada, Cell Phones, cellular telephone, communications, communications equipment, Cuba, Cuba Travel Services;, Cuban Americans;, Cuban government;, David A. Gross;, energy shortages, fiber-optic cable services;, George W Bush, Hugo Chávez, Internet Service Providers, James Cason;, La Times, Larry Summers;, Latin America, law, Los Angeles Times, Luiz Incacio;, Lula da Silva, Market Commentary, Meet the Press, Michael Zuccato;, Nbc, Obama administration, Radio Inc., Raul Castro, Robert Gibbs;, SIRIUS XM Radio Inc., Stephen Harper, telecommunications, telecommunications carriers, telephone service providers;, television services, travel industry, travel restrictions;, Trinidad and Tobago, United States, Us Government, Venezuela, Vicki Huddleston;, Washington, White House, White House's National Economic Council;, Wiley Rein;
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