Thursday, March 20, 2025
spot_img
spot_img
HomeLatest NewsUS blockade contradicts principle of free trade, says Cuba

US blockade contradicts principle of free trade, says Cuba

HAVANA, Cuba, (ACN) – Cuba denounced that the US blockade contradicts the principle of free trade and the fundamental rules of the World Trade Organization (WTO) and hinders relations with third countries based on its extraterritorial provisions.

Juan Antonio Quintanilla, Cuba’s permanent representative to the UN in Geneva, stated that the blockade harms the interests of US companies willing to do business with Cuban entities and the exporters of US agricultural products, whom the US government prevents from offering payment facilities by forcing them to charge Cuba in advance for what they sell.

He added that the US attacks traditional trading partners of other nations, imposing tariff barriers on different products, claiming national security reasons, while urging other WTO members to comply with the organization’s agreements.

Established in 1995, the WTO deals with the rules governing trade between countries with the aim of helping producers of goods and services, exporters and importers to conduct their business.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img

Caribbean News

Saint Martin’s accession to the OECS: A landmark development for regional integration

 SAINT MARTIN / ST LUCIA - The Territorial Council of Saint Martin officially advanced its position towards associate membership in the Organisation of Eastern...

Global News