America's Cuban Conundrum Essay
America’s Cuban Conundrum: The Assignment
Strayer University – MKT 505: International Marketing
July 29, 2012
Dr. David Holness, Instructor
1. Analyze the key issue that prompted the EU to take the Helms-Burton dispute to the WTO.
The key issue that prompted the EU to take the Helms-Burton dispute to the WTO is the theory that law argues against the governments’ authority and the principle of International Law. The EU believed that there are measures in the Act that are divergent to the obligations of the United States of America in the WTO Agreements, particularly the GATS, Article 14 …show more content…
2. Decide who benefits and who suffers from an embargo of this type and explain your rationale.
United States President John F. Kennedy imposed a full trade embargo on Cuba on February 7, 1962. The White House statement that day was optimistic about what the embargo could accomplish: “The loss of this income will reduce the capacity of the Castro regime…to engage in acts of aggression, subversion, or other activities endangering the security of the United States and other nations of the hemisphere.” When it comes to Cuban citizens, the beneficiary from the embargo is the United States government. Notwithstanding the continuation of the embargo, 6.6% of the exports of Cuba came from the United States (Toledo, 2011).
The embargo only benefits the United States government to a limited extent. Because of the Act, American supplies only reach Cuba through non-United States distributors and even smugglers to the disadvantage of the American companies (Toledo, 2011). But on the other hand, Cuba is obliged to pay cash for all imported goods because of prohibition of