Now that we are approaching a new discussion in the UN General Assembly on a draft resolution condemning the economic blockade against Cuba, it is appropriate to highlight the wide range of restrictions that face Cuba as a result of Washington’s unilateral measures.
This is the case of foreign investments that, even though they are properly backed by a transparent and expeditious legal framework in Cuba, they are constant targets of persecution or fail completely due to Washington’s maneuvers.
In 1996, the United States adopted the Helms-Burton Act, designed to stop Cuba's trade with other countries and halt the flow of capital and technology to the island from other parts of the world.
Under this legal body, sinisterly linked to the Torricelli Act, Washington can deny entry visas to officials and executives of companies that trade with Cuba.
The White House reaches the height of madness to apply the extraterritorial Helms-Burton Act, in clear contempt for the interests of third countries to invest in Cuba.
Apart from ignoring the UN General Assembly’s annual resolutions to end its criminal blockade against Cuba, the U.S. insists on sabotaging any mutually advantageous agreement between Havana with any foreign entrepreneur wishing to do business here.
To achieve its purposes, Washington uses its control over nearly half the world's transnational corporations and its 25% of direct foreign investment power and influence.
Part of the flow of these companies enters into Latin America and the Caribbean, where flows of this nature increased 13% in 2008.
Not surprisingly, Cuba was left outside of the 144 billion dollars of regional foreign investment south of the Rio Grande.
Based on U.S. government statistics, it must be noted that if Washington’s blockade did not exist, Cuba could have received more than 2 billion 200 million dollars in U.S. investment just between 2000 and 2008.
Tourism, food industry, oil exploration and other luring economic sectors are open to foreign investment, including from the United States. But, despite the interest of many executives of American companies, it is still impossible for them to realize any dealings with Cuba because of the blockade.
Thus, if we apply the pattern used by Western media that a nation's development is always associated with foreign capital investments, then it can be inferred that Cuba still suffers severe setbacks to its economic advancement.
Next Tuesday at the UN General Assembly, therefore, the international community will undoubtedly exercise its right and reason to demand that Washington lift its blockade against Cuba once and for all.
RADIO HAVANA CUBA