Abstract
This chapter considers the strategies that are employed by Cuba and CARICOM as they strive for economic growth and development. The chapter examines the nature and trends in trade and economic relations between Cuba and CARICOM. It outlines the institutional framework governing the trade between Cuba and CARICOM with emphasis on the CARICOM-Cuba Trade and Economic Cooperation Agreement (TECA). Although trade is growing, the economic relationship continues to be marred by various challenges.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
In December 2018, there was a “bread” crisis due to delays in flour imports and broken equipment in flour mills.
- 2.
CARIFORUM refers to the group of Caribbean States which are signatories of the Georgetown Agreement of 1975 by virtue of which the African, Caribbean, and Pacific Group of States (ACP) was created. All CARIFORUM States, with the exception of Cuba, are signatories to the Cotonou Agreement and the economic partnership agreement (EPA).
References
Association of Caribbean States (ACS). 2015. Sustainable Tourism Zone of the Greater Caribbean. Accessed July 18, 2017. http://stzc-acs.org/wp-content/uploads/2015/07/BookletfinalENGLISH.WEB_.pdf.
Caribbean Tourism Organization (CTO). 2017a. Annual Statistical Report. Accessed July 18, 2017. http://www.onecaribbean.org/wp-content/uploads/Sample-AR-2016-site.pdf.
———. 2017b. Caribbean Tourism Arrivals Hit All-Time High. CTO News, February 9, 2017. Accessed July 18, 2017. http://www.onecaribbean.org/caribbean-tourism-arrivals-hit-time-high/.
CARICOM Today. 2018. CARICOM Needs Very Concessional Financing for Climate Resilience – Secretary-General LaRocque. February 27, 2018. Accessed March 15, 2018. https://today.caricom.org/2018/02/27/caricom-needs-very-concessional-financing-for-climate-resilience-secretary-general-larocque/#more-26399.
Cubatrade. 2018. Cuba Releases 2018–2019 Portfolio of Opportunities for Foreign Investment. November 2, 2018. Accessed December 30, 2018. https://www.cubatrade.org/blog/2018/11/2/cuba-releases-2018-2019-portfolio-of-opportunities-for-foreign-investment.
ExportTT. n.d. An Exporter’s Guide to Cuba: CARICOM/Cuba Trade & Economic Agreement. Accessed July 18, 2017. http://www.exportt.co.tt/sites/default/files/CARICOM%20CUBA%20booklet%20draft.pdf.
Grabendorff, Wolf. 2017. Cuba: The Challenges of Change. Cuba y el proceso de actualización en la era de Trump in Pensamiento Propio 45: 33–56.
Hendrickson, Michael. 2017. A Framework for Caribbean Medium-Term Development. ECLAC Studies and Perspectives Series, 52 (January). Accessed July 19, 2017. http://repositorio.cepal.org/bitstream/handle/11362/41043/1/S1601079_en.pdf.
International Trade Centre Trade Map. 2015. Accessed August 2017. http://www.trademap.org/Index.aspx.
Jamaica Observer. 2017. CARICOM, Cuba Sign New Trade Agreement. February 8, 2017. Accessed July 18, 2017. http://www.jamaicaobserver.com/news/CARICOM%2D%2DCuba-sign-new-trade-agreement.
Jorgensen, Gabrielle. 2018. The Dangers of U.S. Withdrawal from a Post-Castro Cuba. Engage Cuba, April 16, 2018. Accessed December 27, 2018. https://static1.squarespace.com/static/55806c54e4b0651373f7968a/t/5adbf66803ce64e6836f0c25/1524364904467/The+Dangers+of+US+Withdrawal+from+a+Post-Castro+Cuba.pdf.
Lowe, Michele A.M. 2011. La integración CARICOM-Cuba: las iniciativas de comercio y cooperación económica en el marco de un CARICOM más amplio. Paper presented at the Fifth International Conference of the Norman Girvan Chair of Caribbean Studies at the University of Havana, Cuba, December 8–10, 2011.
Martínez Reinosa, Milagros. 2015. Las relaciones de Cuba con la Comunidad del Caribe (CARICOM): contando la historia y pensando el futuro. In El ALBA-TCP: origen y fruto del nuevo regionalismo latinoamericano y caribeño, compiled by Maribel Aponte García and Gloria Amézquita Puntiel and edited by Pablo Gentili, 193–237. Buenos Aires: El Consejo Latinoamericano de Ciencias Sociales (CLACSO).
McLean, Sheldon, and Jeetendra Khadan. 2015. An Assessment of the Performance of CARICOM Extraregional Trade Agreements: An Initial Scoping Exercise. Santiago: United Nations Economic Commission for Latin America and the Caribbean (UN ECLAC). Accessed July 19, 2017. http://repositorio.cepal.org/bitstream/handle/11362/37612/lcarl455_rev1.pdf?sequence=5.
Oficina Nacional de Estadísticas e Información (ONEI). 2012. Anuario Estadístico de Cuba 2011. Accessed July 18, 2017. http://www.one.cu/aec2011.htm.
———. 2015. Anuario Estadístico de Cuba 2014, Edición 2015. Accessed July 18, 2017. http://www.one.cu/aec2014/08%20Sector%20Externo.pdf.
Republic of Cuba. 2011. Lineamientos de la política económica y social del partido y la revolución. Accessed July 18, 2017. http://www.cubadebate.cu/wp-content/uploads/2011/05/folleto-lineamientos-vi-cong.pdf.
———. 2017. Lineamientos de la política económica y social del partido y la revolución para el periodo 2016–2021. Accessed July 18, 2017. http://media.cubadebate.cu/wp-content/uploads/2017/07/PDF-321.pdf.
Terrero, Ariel. 2017. Inversión extranjera en Cuba: amenazas de la lentitud. Cubadebate, November 6, 2017. Accessed March 5, 2019. http://www.cubadebate.cu/opinion/2017/11/06/inversion-extranjera-en-cuba-amenazas-de-la-lentitud/#.XH80sMBKjIU.
Torres, Ricardo. 2017. El proceso de actualización del modelo económico y social de Cuba. Cuba y el proceso de actualización en la era de Trump in Pensamiento Propio 45: 57–80.
———. 2018.FIHAV y la nueva apuesta económica. Progreso Semanal, November 21, 2018. Accessed December 27, 2018. https://progresosemanal.us/20181108/fihav-y-la-nueva-apuesta-economica/.
Trade Wins. 2000. Trade and Economic Cooperation Between CARIFORUM and Cuba. Critical Issues for Business. Accessed February 9, 2019. http://carib-export.com/login/wpcontent/uploads/2010/01/Trade%20and%20Economic%20Cooperation%20between%20Cariforum%20and%20Cuba.pdf.
———. 2006. The CARICOM/Cuba Trade and Economic Co-operation Agreement Explained. Critical Issues for Business 2 (1) (November). Accessed July 18, 2017. http://www.carib-export.com/login/wp-content/uploads/2010/01/Final%20TradeWins%20revised.pdf.
United Nations Economic Commission for Latin America and the Caribbean (UN ECLAC). 2013. Cuba: Bilateral Investment Treaties. Accessed February 9, 2019. http://investmentpolicyhub.unctad.org/IIA/CountryBits/52.
———. 2015. Foreign Direct Investment in Latin America and the Caribbean. Accessed July 19, 2017. http://repositorio.cepal.org/bitstream/handle/11362/38215/S1500534_en.pdf?sequence=4.
———. 2016. Horizontes 2030: la igualdad en el centro del desarrollo sostenible. Document LC/G.2660/Rev.1. Accessed July 18, 2017. https://repositorio.cepal.org/bitstream/handle/11362/40159/4/S1600653_es.pdf.
———. 2018. Foreign Direct Investment in Latin America and the Caribbean, 2018. Santiago. Accessed March 2, 2019. https://www.cepal.org/en/publications/43690-foreign-direct-investment-latin-america-and-caribbean-2018.
World Tourism Organization (UNWTO). 2015. UNWTO Annual Report 2014. Madrid: UNWTO.
ZED Mariel. 2017. Zona Especial de Desarrollo Mariel. Una puerta abierta al mundo. Accessed March 9, 2019. http://www.zedmariel.com.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2020 The Author(s)
About this chapter
Cite this chapter
Laguardia Martinez, J., Chami, G., Montoute, A., Mohammed, D.A. (2020). Cuba-CARICOM Trade and Economic Relations. In: Changing Cuba-U.S. Relations. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-20366-5_10
Download citation
DOI: https://doi.org/10.1007/978-3-030-20366-5_10
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-20365-8
Online ISBN: 978-3-030-20366-5
eBook Packages: Political Science and International StudiesPolitical Science and International Studies (R0)