U.S. Chamber of Commerce gives Cuban trade minister a standing ovation

The Cuban flag in front of the country’s embassy in Washington.

Cuba’s top official for foreign investment used a historic speech before American business leaders on Tuesday to urge them to pressure lawmakers to end U.S. economic sanctions against his country, warning that their firms are losing ground to foreign competitors.

In the first address by a senior Cuban official to the U.S. Chamber of Commerce in more than a half century, Foreign Trade Minister Rodrigo Malmierca said dozens of American companies have finalized negotiations with Cuban authorities and firms to export goods there or even build products on the communist-run island, but can’t move forward because of U.S. red tape.

Malmierca praised President Barack Obama for moving in December 2014 to restore diplomatic relations with Cuba, which the United States broke off Jan. 3, 1961, but added that normal economic ties must follow.

“It is important that the U.S. government has recognized the failure of the policy of trying to make change in Cuba based on economic problems created by the blockade,” Malmierca said.

Read more:

http://www.thenewstribune.com/news/nation-world/world/article60729586.html

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