New York, October 9TH, 2018. The US blockade against Cuba constitutes the major obstacle for the development of all the potential of the Cuban economy, including its foreign trade.
The greatest damages in this sector include foregone income from the export of goods and services, which amount to $2,475,900,000; and the need to geographically relocate Cuban trade. For this reason, the national economy has lost $867,500,000.
Added to this is the increased cost of "country risk" financing, which is estimated at $54,326,250. This represents an increase of $21,192,481 compared to 2016. Likewise, repercussions on foreign trade due to the use of intermediaries and the resulting increase in the price of goods reached $59,825,479, which reflects an increase of 196 percent with respect to 2016.
Cuban export products such as sugar, coffee, tobacco and fruits are prevented from freely accessing the U.S. market, a country that is among the main importers of these products. For example, despite the interest of several U.S. firms in acquiring Cuban bee honey, they continue to be denied a license to make purchases in Cuba.
Permanent Mission of Cuba to the United Nations.