Open Letter to
President Obama to Take Concrete Action on Ending the US Blockade/Embargo on
Cuba, and to Return Guantanamo to Cuba
We welcome President Obama's decision to travel to Cuba for talks with the Cuban government.
We undersigned organizations and individuals call on President Obama to take concrete actions on two outstanding issues to restore normal diplomatic relations between the two countries:
1. End the 54 year old embargo/blockade of Cuba,
2. Return the US occupied territory of Guantanamo to Cuba.
Economic Impact of the Embargo/Blockade of Cuba
Cuba lost out on at least US$117 billion between 1960 and 2014 due to the U.S. economic blockade on the country, according to the United Nations' Economic Commission for Latin America and the Caribbean. [click here]
The embargo/blockade not only hurts Cuba, but also the US. The US Chamber of Commerce, which advocates lifting the embargo, states the cost to the US economy of the 54 year sanctions range from $1.2 to $3.6 billion per year.
[Hanson Daniel, Dayne Batten & Harrison Ealey. "It's Time For The U.S. To End Its Senseless Embargo Of Cuba," Forbes Magazine. http://www.forbes.com/sites/realspin/2013/01/16/its-time-for-the-u-s-to-end-its-senseless-embargo-of-cuba/
The US International Trade Commission makes a similar estimate:
"By 1992, U.S. businesses had lost over $30 billion in trade over the previous thirty years, according to researchers from Johns Hopkins. At that time, Cuba's loss for the same period was smaller, but not by much: $28.6 billion, according to Cuba's Institute of Economic Research."