{"id":100251,"date":"2017-08-16T12:11:07","date_gmt":"2017-08-16T16:11:07","guid":{"rendered":"http:\/\/oncubamagazine.com\/?p=100251"},"modified":"2017-08-16T12:11:07","modified_gmt":"2017-08-16T16:11:07","slug":"u-s-senators-in-favor-of-trade-with-cuba","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba-usa\/u-s-senators-in-favor-of-trade-with-cuba\/","title":{"rendered":"U.S. senators in favor of trade with Cuba"},"content":{"rendered":"<p><span lang=\"en-US\">A bill to promote trade with Cuba was presented this week by Senator Ron Wyden (D-Oregon), a member of the U.S. Senate Finance Committee.<\/span><\/p>\n<p><span lang=\"en-US\">Wyden\u2019s proposal, titled U.S.-Cuba Trade Act of 2017, seeks to eliminate the restrictions of the more than 55-year U.S. blockade on the island and is cosponsored by the also Democrats Patrick Leahy (Vermont), Dianne Feinstein (California), Richard Durbin (Illinois), Tom Udall (New Mexico), Patty Murray (Washington) and Jeff Merkley (Oregon).<\/span><\/p>\n<p><span lang=\"en-US\">According to <\/span><span lang=\"en-US\"><b>InsideTrade<\/b><\/span><span lang=\"en-US\">, if approved the act would remove the \u201cprincipal statutes that codify the sanctions\u201d against the island, including those established in the 1992 Torricelli and 1996 Helms-Burton acts, as well as other regulations that affect bilateral trade and U.S. investment in Cuba.<\/span><\/p>\n<p><span lang=\"en-US\">The Torricelli Act banned foreign branches of U.S. companies from doing business with Cuba, while the Helms-Burton intensified the blockade by extending its application to other countries trading with the island.<\/span><\/p>\n<p>\u201c<span lang=\"en-US\">It is well past time for the United States to abandon the failed policy of trying to isolate Cuba,\u201d<\/span><span lang=\"en-US\">\u00a0Senator Wyden said when presenting his legislative proposal. In his opinion, <\/span><span lang=\"en-US\">\u201cdecades of experience have proven the embargo will never improve the lives of the Cuban people. Instead, this policy only serves to shut U.S. exporters out of a natural market for American agricultural and manufactured goods.\u201d<\/span><\/p>\n<p><span lang=\"en-US\">According to <\/span><span lang=\"en-US\"><b>InsideTrade<\/b><\/span><span lang=\"en-US\">, the U.S. International Trade Commission determined in 2016 that the relaxing of trade with Cuba restrictions could increase U.S. exports by 1.4 billion dollars a year in the next five years.<\/span><\/p>\n<p><span lang=\"en-US\">However, on June 16 President Donald Trump announced in Miami a change of direction in the Cuba policy which rolls back the advances in the rapprochement between the two countries reached during the Obama administration.<\/span><\/p>\n<p><span lang=\"en-US\">The announced changes, which still haven\u2019t come into force, include the prohibition on doing business with enterprises and subsidiaries linked to the island\u2019s armed forces, security and intelligence services. It also includes some restrictions in the categories authorized for travel by Americans to Cuba.<\/span><\/p>\n<p><span lang=\"en-US\">Wyden, the ranking Democrat in the Senate Finance Committee, was one of the U.S. congressmen who showed his disagreement with Trump\u2019s announcement in Miami. In addition, he is one of the cosponsors of the Freedom to Travel to Cuba Act, which has the backing of a bipartite coalition of 55 senators.<\/span><\/p>\n<p><span lang=\"en-US\">In relation to the bill to trade with the island, the Oregon Senator said that it presents an alternative view, which looks toward the future and promotes the exchange of ideas and trade between the two nations.<\/span><\/p>\n<p><span lang=\"en-US\">The Engage Cuba organization, which seeks to promote relations between Cuba and the United States, applauded the introduction in the Senate of the bill to normalize trade with the island.<\/span><\/p>\n<p><span lang=\"en-US\">The organization\u2019s president, James Williams, thanked Senator Wyden for heading the effort directed at ending the 55 years of failed policy.<\/span><\/p>\n<p><span lang=\"en-US\">In a communique published last Thursday, Williams considered that the act would put an end to an economic blockade that damages the Cuban people and the growth in employment and business in the United States.<\/span><\/p>\n<p><span lang=\"en-US\">According to an Engage Cuba report presented in early July, rolling back the measures of the Barack Obama administration would cost the U.S. economy 600 million dollars and more than 12,000 job posts.<\/span><\/p>\n<p><a name=\"_GoBack\"><\/a> <span lang=\"en-US\">In its communique, the organization recalled that a bill similar to Wyden\u2019s was introduced in the House of Representatives by Congresspersons Tom Emmer (R-Minnesota) and Kathy Castor (D-Florida).<\/span><\/p>\n<p><span lang=\"en-US\">In May, another bipartisan coalition introduced in the Senate another bill, called Freedom to Export to Cuba Act of 2017. The initiative, headed by Democratic Senators Amy Klobuchar (Minnesota) and Patrick Leahy (Vermont), and Republicans Mike Enzi (Wyoming) and Jeff Flake (Arizona), would eliminate the legal barriers imposed on Americans interested in doing business with the island.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bill to promote trade with Cuba was presented this week by Senator Ron Wyden (D-Oregon), a member of the U.S. Senate Finance Committee. Wyden\u2019s proposal, titled U.S.-Cuba Trade Act of 2017, seeks to eliminate the restrictions of the more than 55-year U.S. blockade on the island and is cosponsored by the also Democrats Patrick [&hellip;]<\/p>\n","protected":false},"author":3134,"featured_media":100261,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13944],"tags":[],"ppma_author":[33546,8689],"class_list":["post-100251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cuba-usa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>U.S. senators in favor of trade with Cuba | OnCubaNews English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oncubanews.com\/en\/cuba-usa\/u-s-senators-in-favor-of-trade-with-cuba\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. senators in favor of trade with Cuba | OnCubaNews English\" \/>\n<meta property=\"og:description\" content=\"A bill to promote trade with Cuba was presented this week by Senator Ron Wyden (D-Oregon), a member of the U.S. Senate Finance Committee. 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