Why would Cuba even want to trade with the US? They have full trade access to every other country in the region. The US market would only harm Cuban culture and overrun their economy.
Claiming that Cuba would be doing so much better, if only they had more access to US markets, is disingenuous Capitalist propaganda.
The problem, until recently, was that SWIFT was basically the only game in town for doing international settlements. On top of it, the US having been central to the global economy, most countries did not want to risk secondary sanctions by trading with Cuba. Today, that’s finally changing with the rise of BRICS as a bigger economic bloc, and new trade options becoming popular as a result of the trade war between Russia and the west.
Why would Cuba even want to trade with the US? They have full trade access to every other country in the region. The US market would only harm Cuban culture and overrun their economy.
Claiming that Cuba would be doing so much better, if only they had more access to US markets, is disingenuous Capitalist propaganda.
The problem, until recently, was that SWIFT was basically the only game in town for doing international settlements. On top of it, the US having been central to the global economy, most countries did not want to risk secondary sanctions by trading with Cuba. Today, that’s finally changing with the rise of BRICS as a bigger economic bloc, and new trade options becoming popular as a result of the trade war between Russia and the west.