Making Nice with Cuba
Mexican President Felipe Calderón visits Cuba this week, signaling greater hemispheric cooperation with the “closed loop” economy of the tiny island nation
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Mexican President Felipe Calderón visits Cuba this week, signaling greater hemispheric cooperation with the “closed loop” economy of the tiny island nation.
Before pushing off for The Americas’ Summit in Cartagena, Colombia, Calderón will attempt to engage Cuban officials on “trade exchanges and investments,” he told the Mexican Senate.
But as noted in MarketWatch, Cuba has been doing just fine by forging a tight relationship with that other NAFTA neighbor – Canada.
Canada’s investment, trade and cultural links with Cuba are substantial. In fact, Canada is the second-largest foreign investor in Cuba (after Venezuela) and the third-ranking country in terms of joint ventures. Canada is also Cuba’s fourth-largest merchandise trade partner, behind Venezuela, China, and Spain.
Meanwhile lead logistics providers and several U.S. seaports are positioning themselves to take advantage of change in our own trade policy. Should President Obama be reelected, many trade analysts say such a goal will be high on his agenda.
About the AuthorPatrick Burnson, Executive Editor Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]
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