Cuba Blockade Causes Millions in Losses in Food Industry
Cuban food industry has annually lost about $45 billion USD for the impossibility of accessing to bank financing, due to the U.S. economic, commercial, and financial blockade imposed by the United States for more than 50 years.
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Prensa Latina
Data
Cuban food industry has annually lost about $45 billion USD for the impossibility of accessing to bank financing, due to the U.S. economic, commercial, and financial blockade imposed by the United States for more than 50 years.

According to data provided by the Cuban food import company, ALIMPORT, the sector has suffered additional losses estimated at more than $20 million USD, for failing to perform transactions in the U.S. currency.

The sector has also lost another $10 million USD, due to the transfers originated on the island involving several banks to reach their destination, while the damages for the cost of freights has exceeded $28 million USD last year.

Lets take into account that ships carrying cargo between Cuba and the United States should return to the northern port without any merchandise, increasing the costs.

On the other hand, the import and export of fishery products, Caribex, denounced the impossibility of locating Cuban products in the U.S. market, so they have to pay high tariffs and transportation prices to place their goods in more distant destinations.

Cuba presents a report to the UN against the blockade every year since 1992. This document has been historically approved by most of the member countries of this organization.