A historical and world changing deal was made this week when talks from the combined forces of Washington, Pope Francis, the Canadian government and Cuba President, Rual Castro, came to the end after eighteen months of secret negotiations which freed United States spy Rolando Sarraf Trujillo, who had been imprisoned in Cuba for the better part of the last twenty years, and created a deal leading the United States and Cuba are on the path to restoration.
The restoration of relations between the United States and Cuba means many things, not least of all is the fact that Cuba is a country active in business and available land and their economy could help our economy. And that means more than just the potential availability of those cigars the people seem to like so much.
First of all, the tourism market would improve. For as far back as most can remember, if an American wanted to visit Canada, they had to jump through hoops including costly charter flights or spending more money by going through Mexico or Canada. It is a lot of work to get to a place whose shore is less than ninety miles away from our own and involves a flight that takes only thirty minutes. However, with the bans lifted, travel will become much easier, plus, Americans will be able to use their debit and Credit cards there as well.
Those who have not visited probably don’t know just how beautiful the country of Cuba really is. The country is home to many beautiful land developments housing gorgeous hotels and also is a producer of some of the most beautiful cars around, such as those seen in photographs taken during the 1950’s.
When it comes to the hotel aspect, there is no finer of a place to set a hotel than Cuba and American hotel chains will probably take notice. It’s a good bet that American chains, such as Marriott, Starwood and Hilton, will want to check out locations to expand their brand. This market would go hand in hand with the tourism aspect while creating boosts in both economy’s. The land is basically there for the taking.
Our automobile industry may also get a boost due to these improved relations. At this point in time, the Cuban automotive industry is extremely limited. Over the years, the government there has chosen only a select handful of car companies to make their cars and they were the only name in town. However, with relations opening up, American car companies could get their hands in the pot, benefiting the economy of both countries while giving the people of Cuba higher quality automobiles.
Although these are all great prospects to consider, it is important to remember that although talks are underway, there are no guarantees as of yet. In a speech, Cuban President Castro stated even though the economic blockages must cease, this does not mean that the heart of the issue between our two countries has officially come to an end. Only time will tell.
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