AS/COA's Cuba Working Group head talked about the new economic policies in Cuba and the embargo limitations for the United States. ... Play Video
As Cuba lifts investment and trade barriers to boost economic growth, the U.S. embargo on the island remains in place. "[Cuba is] trying to raise $8 billion in investments related to energy and mining and oil and agriculture," AS/COA Policy Director Alana Tummino told CNN International’s World Business Today. "So they are really looking to different countries and different ways to attract that growth." Tummino, who leads the AS/COA Cuba Working Group, notes that many countries are already investing, including Brazil, Canada, China, and Spain.
AS/COA's policy director talked to CCTV about the potential and hurdles ahead for U.S.-Cuba ties. ... Play Video
With the current process of restoring of U.S-Cuba relations, AS/COA’s Director of Policy Alana Tummino discussed the significance of the reopening of embassies in Washington D.C. and Havana. She explained that the secretary of state’s speech and the raising of the flag in Cuba’s capital symbolize that the United States is “ready to turn a page in our history and forge closer ties.”
Tummino explained that, as the process unfolds, it will face legislative hurdles to lifting trade and travel restrictions. Nonetheless, she told CCTV: “There is growing momentum in Congress right now with both parties really leading the effort on bipartisan legislation to overturn the trade and travel embargo.”