Trade Agreements Between Canada And Cuba

The second set of factors that will characterize Canada`s future economic relationship with Cuba is Cuba`s trade, foreign investment and tourism policy. It is unlikely that this policy under the leadership of Raúl Castro will change radically. This implies that fundamental Canada-Cuba economic relations should not be seriously affected by a change in Cuban policy in the coming years. State trading, which characterizes in part these relationships, is not inherently beneficial to Canada. As of May 2018, Cuba is currently Canada`s second largest export market in the Caribbean/Central America region; [23] with bilateral trade between the two countries, which averages about CAD 1 billion per year. [23] [24] A total of 85 Canadian companies and subsidiaries are present in Cuba, including Labatt Breweries. By 1996, Canadian opposition to Helms-Burton was widespread. Members of Parliament from all Canadian parties spoke out against what they saw as an imposition of Canadian sovereignty. Foreign Secretary Lloyd Axworthy said in 1997 on PBS NewsHour that “Helms-Burton is bad legislation.” Arthur Eggleton, then Minister for International Trade, said: “Helms-Burton is unacceptable because it does not respect long-established international legal practices to settle disputes between nations over the claims of foreign investors whose property has been expropriated.

By choosing to ignore them, Helms-Burton sets a dangerous precedent. Diplomatic relations between the two countries have been uninterrupted since their creation in 1945, with Canada being one of only two countries in America to have relations with Cuba after the Cuban Revolution of 1959. .

Reacties zijn gesloten.