Lifting of Cuba Sanctions Could Be Bonanza for U.S. Companies
BY Leon Lazaroff Follow |
12/17/14 - 03:43 PM EST |
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NEW YORK (TheStreet) -- The lifting of U.S. sanctions against Cuba could prove to be a boon for U.S. companies, especially those involved in mining, petroleum exploration, agribusiness, biotechnology and tourism.
That's the view of Kirby Jones, a longtime business consultant on trade with in Cuba, after President Obama announced plans on Wednesday to end more than half a century of economic sanctions against the Castro regime.
"There will be large interest in mining and mining equipment," Jones, whose Alamar Associates has worked with U.S. companies around Cuba for more than 40 years, said in a phone interview Wednesday from Fountain Hills, Ariz. "Agribusiness has the potential to attract a lot of interest as well, as Cuba has opened all of its lands to foreign investment, including sugar. The sale of food has the potential to expand tremendously."
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Biotech is another area that is primed for investments because Cuba has developed vaccines that are unavailable in the U.S., Kirby added. Cigars and spirits are two other products that U.S. companies are certain to pursue in Cuba, he said.
Putin said he will RE_OPEN their military base in Cuba and put some nuclear .......Now USA has no choice but to be friend with CUBA . Geopolitical changes..THIS IS HUGE ,,,there is no stopping this time . Republicans or Democrats they know if they do not open to CUBA , Russia will come and open military base
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