What Is the Economic Impact of Increased Trading with Cuba?

By Craig Tarasoff

After President Obama announced in January that restrictions on trade with and travel to Cuba would be relaxed, the ITC initiated a study to learn of the economic effects on exports of goods and services. The ITC will be preparing a report for the Senate Finance Committee, which will include an overview of Cuban imports, a description of how US law will affect Cuban imports on US goods and services, and an estimate of US exports to Cuba. This analysis will be particularly important for manufacturers with an interest in investing and trading with Cuba. A public hearing will be held in March. See Industry Week and National Law Review for more details.