General Information About The US Policy Against Cuba - 550 Words

General Information About The US Policy Against Cuba (Coursework Sample) Content: Name:Instructor:Course:DateGeneral information about the united state policy against CubaThe United States policy (economic sanctions) imposed on Cuba are exceptional in analysis of their prolonged existence and of their complexity however, they are steady with the actual objectives or actions of the 1st world power. For this to be explained and understood critically, it is essential to base this study on the following: the history behind the policy, impact of the policy against Cuba, effects of the policy on the united states, and uplift of the policy against Cuba and its effects on the normalization of the relationship between US and CubaThe US. Policy against Cuba is a financial, economic, and commercial. This policy was 1st imposed or enacted by the United States against Cuba on 19th October 1960. They placed a ban advisory on exports to Cuba excluding food and medicine. The main reason for the policy being that Cuba had nationalized American- owned Cuban oil refi neries without having benefits. Cuba had municipalized the refineries because of the decision of Eisenhower to end imports of 700,000 tons of sugar from Cuba to the United States and prohibited export of oil to the island thus, leaving behind Unites State to rely depend on crude oil from the Russian. At present the Cuban advisory restriction is enforced generally through six acts or policies: trade with the rival or enemy act of 1917, foreign assistant act of 1961, Cuban asset control regulations policy of 1963, Cuban fairness act of 1992, helms Burton act of 1996, and the export enhancement and trade consents improvement act of 2000. The enactment and the imposition policies against Cuba by the United States of America has harmed or injured their economy severely. Estimates by the U.S chamber of business say that the policy cost them 1.2 billion dollars on annual basis in lost sales of exports to Cuba and excluding 4.8 billion dollars in export of agricultural produce. It is thus that if the policy had been lifted in advance the normal American farmer would have felt the impact in three years and in turn generates 6000 jobs in the United States. Furthermore, foreign allies such as Canada, Brazil, and the European gradually took market share from the United States industry as they sustained their trade relations with Cuba. Cuba still received tourists and trade from other countries making the United States of America policy against Cuba look both unlawful and meaningless.Barrack Obama as the president of the United States declared his choice to set up discreet associations or ...