Presently Cuba is currently under review as being on the list of states to sponsor terrorism; when that is concluded, American banks will then be permitted to do business in Cuba which will then be followed by American business and investors eager to have a share of the market in this new frontier and compete with Mexicans, Canadians, and Europeans who have been doing so for some time now. As it stands American companies are already queuing up to offer flights and tours and there is fevered talk of importing cigars and exporting poultry and building materials. Eventually, when there is industrial troubles or unreasonable demands, there may be an eventual shift of the number of transnational and multinational corporations from within the Caribbean region to Cuba. Therefore, CARICOM member states who depend on these foreign conglomerates may be looking at a loss of job opportunities, a steady rise in poverty, and a prominent decrease in foreign direct …show more content…
Preceding that An Agreement on Trade and Economic Cooperation between CARICOM and Cuba was signed on July 5, 2000 whose objective was twofold: the strengthening of the commercial and economic relations between the parties and agreed cooperation in the development of human resources; science and technology; meteorology and natural disaster preparedness and culture. With those treaties and agreements in place, CARICOM has benefitted greatly over the years from Cuba. Many Caribbean countries have seen the employment of top of the line doctors, nurses and engineers all from Cuba. As CARICOM’s current Chairman, St Lucia Prime Minister Kenny Anthony has observed, “what is most striking about the solidarity displayed by Cuba with CARICOM is the quantum and diversity of the assistance that Cuba provides despite the constraints placed on its own economic development by the United States economic, commercial and financial embargo”. On the flipside, Cuba has also benefitted from the engaging CARICOM, as they have successfully lobbied for Cuba to be in instrumental groups such as the ACP and the ACS. Therefore, since diplomatic and trading relations have since long