A New Relationship with Cuba

Cuba: What You Need to Know

The United States and Cuba have reopened embassies in each other’s capitals and re-engaged in diplomatic dialogue—but restrictions on travel, trade and investment from the United States remain in place. The United States has eased some of these restrictions, but lifting them completely will be up to Congress.

Public opinion embraces engagement with Cuba. As of December 2016, a national survey found that nearly three-quarters of U.S. adults favor ending the U.S. trade embargo against Cuba. They also favor lifting the restrictions on travel to the island. Find the full poll results here.

Just 100 miles from the United States, Cuba is well-positioned to become a market for U.S. goods and services. With normalized trade, U.S. exports of goods to Cuba could reach an estimated $4 billion per year.

The U.S. government has eased restrictions on exports to Cuba and issued changes to facilitate authorized travel to the island. There remains, though, a long road ahead for both countries to expand trade and investment opportunities. Manufacturers are committed to sharing with the Cuban people the values of free enterprise, competitiveness, individual liberty and equal opportunity. We urge Congress to take action to repeal the trade embargo and lift restrictions on travel.

The Cuban government should respond to these changes by allowing U.S. companies to trade directly with the emerging Cuban private sector and by continuing market-oriented reforms that facilitate foreign investment. Manufacturers know that commercial exchange between the U.S. and Cuban private sectors will bring shared benefits.

Latest News From the NAM
Manufacturers to Congress: End Cuba Trade Restrictions

“Eliminating the trade embargo on Cuba will allow for increased economic activity between the two nations and provide manufacturers with new access to a market less than 100 miles from our shores,” Dempsey wrote. “The NAM supports the ongoing efforts to achieve normal trade relations with Cuba, and we strongly encourage Congress to advance legislation that will open trade and investment.”

NAM Vice President of International Economic Affairs Linda Dempsey

Press Releases

  • 03/23/2016
    Manufacturers to Congress: End Cuba Trade Restrictions

    On the heels of President Obama’s visit to Havana, NAM Vice President of International Economic Affairs Linda Dempsey sent a letter calling on congressional leaders to pass legislation to release the trade embargo on Cuba.