Cuba reiterates its call for the elimination of the US discriminatory and unjustified policy of economic, commercial and financial blockade
Cuba reiterates its call for the elimination of the US discriminatory and unjustified policy of economic, commercial and financial blockade against the Island in the WTO's thirteenth US trade policy review.
Geneva, December 19, 2016. Cuba denounced today in the WTO that despite the progress made in the diplomatic field and cooperation between Cuba and the United States, the blockade economic, commercial and financial measures of the government of that country against the Caribbean country continues to be applied.
During the thirteenth US Trade Policy Review, the Chargé d'Affaires a.i. before the United Nations Office at Geneva and the Swiss-based International Organizations, Alina Revilla Alcázar, stated that the US blockade measures continue to be applied directly against Cuba with the same rigor as in previous stages and its extraterritorial scope continues to affect third countries.
The Cuban representative highlighted that the blockade policy continues to be the main obstacle to the economic development of the country, hampering the performance in all sectors of the national economy, causing a substantial increase in financial costs and hindering access to external financial flows and at the same time hampering peremptory imports, mainly of food, medicines and fuels.
She emphasized that the blockade laws also prohibit multilateral and regional financial institutions from granting loans to Cuba, denying it access to long-term sources of financing under favorable conditions, which obliges it to use short-term loans with high interest rates and suppliers´ financing, much less flexible than those of financial institutions and of an official nature.
Revilla Alcázar urged the United States to proceed with the elimination of the discriminatory and unjustified policy of blockade against Cuba and to promote the restoration to the island of fair and balanced conditions in its foreign trade.
Permanent Mission of Cuba to Geneva