Post by @CubanWindow
WIF: OnCuba + CubaMinrex
The Cuban authorities estimates that if U.S. tourists could travel freely to Cuba, the island would collect 1.5 billion dollars a year with those visits. In addition, it would obtain 15 million for the mooring of yachts from the United States with an average stay of a week, as well as other incomes that would amount to almost 1.702 billion dollars now declared as losses.
Obama administration relaxed some of his country’s sanctions against Cuba and approved 12 categories to make flexible the trips of U.S. citizens to the island for religious, cultural, educational, humanitarian aid reasons or personal exchange with the Cuban people, among others + the resumption of commercial flights and cruise trips to Cuba, after half a century of being suspended.
These measures brought about a notable increase of visitors from the United States:
- in 2016 285,000 Americans traveled to Cuba,
- while between January and May 2017 284,565 did so, according to official data.
The boost given to tourism on the island by these visits contributed to the record of four million visitors last year and to place the estimate for 2017 at 4.7 million.
Donald Trump, opposed to his predecessor’s policies toward Cuba, on June announced he would impose new restrictions to travel to the island and would veto individual visits, although they can still travel in groups.
Damages in other economic and social sectors of the island (Read the full inform in HERE: Resolution 71/5 of the United Nations General Assembly entitled “Necessity of ending the economic, commercial and financial blockade imposed by the United States of America against Cuba” June 2017
- Food (347,598,000)
- Transportation (122,300,000)
- Energy and mines sector (122,500,000)
- Communications and information technology (+ 68 million)
- Industry and construction (59 and 12 million dollars, respectively)
- Public health (87,000,000)
- Culture (35,314,000)
- Education (2,800,000) – where the losses were associated mainly to expenses for the import of resources that on the island are offered free of charge or subsidized
- Bio tech and pharmaceutical industry, which cannot acquire spare parts and equipment for its research
- Hindered its financial operations with some 100 foreign banks, most of them in Europe, which closed accounts, retained funds and refused to provide services to the island between April 2016 and March 2017
- 36 banks refused to arrange letters of credit, 27 returned operations and 19 refused their services for fear of sanctions from the United States
- Cuba not being able to use the dollar in its transactions
Cuba estimates at 822.28 billion dollars the damages caused by the U.S. Blockade, taking into account the depreciation of the dollar in the face of the value of gold on the international market. At current prices, the punitive measure has caused damages worth more than 130.178 billion dollars.
In 2016, at the UN the Cuban Resolution Against the Blockade had 191 votes in favor with the abstention of the United States and Israel. It was the first time that Washington did not vote against the resolution, which has been presented at the UN every year since 1992.