"It could affect any company which has any, any relationship with Cuba."U.S. President Donald Trump listens to a question as he speaks to reporters at his Mar-a-Lago estate in Palm Beach, Florida, U.S., March 29, 2019. REUTERS/Joshua Roberts
"It's an administration that's not afraid to break with what are considered to be the normal ways of doing business in international diplomacy," said Mark Agnew, the chamber's director of international policy. Canadian businesses should brace for the activation of the Title III section of Helms Burton, even though it has essentially remained dormant for 23 years, said Mark Entwistle, a business consultant in Cuba who served as Canadian envoy to Havana in the 1990s.There is strong opposition to activating Title III among the U.S. business and agricultural leaders, but that might not be enough, Entwistle said.
Several foreign countries, including Canada, have invested in Cuba during the more than 50 years since the U.S. froze relations and imposed an economic embargo. Obama relaxed the embargo and began normalizing relations with Cuba, but Trump has rolled that back. "It could be a financial transaction that has a point of connection with someone in Cuba, which is now the owner of the property that we nationalized in 1960. It could be a financial, a trade operation. It could be investment — it could be anything," said Cuba's ambassador to Canada, Josefina Vidal.
"It is a very obvious clear violation of international law, of the rules of international trade and the sovereignty of states."In 1996, Canada, the European Union and Mexico reacted"in a very strong way" to Title III, which helped encourage then-president Bill Clinton to postpone it, she said.
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Trump administration’s pressure on Cuba could hit Canadian companies, business leaders warnSeveral foreign countries, including Canada, have invested in Cuba during the more than 50 years since the U.S. froze relations and imposed an economic embargo Do you honestly think Trump cares? Absolutely DISGUSTED with realDonaldTrump POTUS to seek the total destruction of Cuba and for what? Sore losers because Castro replaced their puppet dictator with himself and establish Universal healthcare and free education? Holding such a long grudge shows the evil of the US Beware foreign policy ‘experts’ who are shills for imperialism. Canada's Corporate role in the Regime Change Agenda. Canadian Banks and Gold Diggers are at the main sponsors. Haiti Venezuela
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Trump pressure on Cuba could hit Canadian companies, business leaders warnBusiness leaders are warning that the Trump administration's threat to tighten the U.S. embargo on Cuba could sideswipe Canadian companies that are doing business on the Caribbean island.
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Donald Trump's pressure on Cuba could hit Canadian companies, business leaders warnCanadian Chamber of Commerce especially concerned about the potential impact on Canadian mining, financial services and tourism companies with operations in Cuba
Source: VancouverSun - 🏆 49. / 61 Read more »
Trump administration’s pressure on Cuba could hit Canadian companies, business leaders warnSeveral foreign countries, including Canada, have invested in Cuba during the more than 50 years since the U.S. froze relations and imposed an economic embargo Do you honestly think Trump cares? Absolutely DISGUSTED with realDonaldTrump POTUS to seek the total destruction of Cuba and for what? Sore losers because Castro replaced their puppet dictator with himself and establish Universal healthcare and free education? Holding such a long grudge shows the evil of the US Beware foreign policy ‘experts’ who are shills for imperialism. Canada's Corporate role in the Regime Change Agenda. Canadian Banks and Gold Diggers are at the main sponsors. Haiti Venezuela
Source: globeandmail - 🏆 5. / 92 Read more »
Trump pressure on Cuba could hit Canadian companies, business leaders warnBusiness leaders are warning that the Trump administration's threat to tighten the U.S. embargo on Cuba could sideswipe Canadian companies that are doing business on the Caribbean island.
Source: CTVNews - 🏆 1. / 99 Read more »