Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin
Instagram



News from the Caribbean:




Back To Today's News

CHTA wants better US-Cuba relations
Published on June 26, 2017 Email To Friend    Print Version

MIAMI, USA -- The Caribbean Hotel and Tourism Association (CHTA) said it regrets the recent US reversal of its travel policies on Cuba and the likely effects on the socio-economic development of Cuba and the wider Caribbean region.

The Association continues to support the ending of the US-Cuba embargo and its restrictions on trade and travel, and encourages Cuba's active engagement in regional economic development. CHTA concluded that the announced policy changes could stall or altogether reverse the heartening progress made in recent years.

If restrictions are indeed re-imposed, the Association expects adverse effects for US businesses -- not only for import-export companies, but also for the US-based travel-related businesses that have made considerable investments in Cuba since normalization began -- and lost opportunities for those US companies considering doing business there.

Even before full normalization, Cuba's hospitality industry's growth outpaced the rest of the region and most of the world. Major global hotel chains from outside the United States have been investing in Cuba and today they manage tens of thousands of rooms. As latecomers, US firms are already at a competitive disadvantage in Cuba. They risk becoming marginal players in the travel industry's growth in Cuba and throughout the region.

The Association urged the United States and Cuba to accelerate cooperation and collaboration between their governments, based on their mutual acknowledgment that the growth of travel and trade presents the greatest opportunity for breaking the long-standing social, political and economic barriers that have historically divided the two countries.

CHTA urged that any new regulations continue to encourage small and medium enterprise opportunities, both Cuban and US-sourced. It also urged Cuban authorities to accelerate adjusting their investment and business licensing regulations to foster the local enterprises so crucial for a growing travel industry.

In its presentation to the US International Trade Commission in 2015, CHTA called for a new US-Caribbean relationship -- sparked by a new US-Cuba policy -- through the creation of a Caribbean Basin Tourism Initiative, which would recognize travel as a way to foster regional development and trade, and create points of engagement between the US and the Caribbean's public and private sectors.

A vibrant travel industry both in Cuba and throughout the Caribbean basin benefits both the region and the United States, helping to ensure the security of the United States' "Third Border" while stimulating employment, entrepreneurial activity, trade and government revenues in the region.

In the face of concerns about immigration into the United States, it is self-evident that a prosperous Caribbean will put less pressure on population movements. The economies and people of the US and the Caribbean are interdependent and regional prosperity can be significantly improved through enhanced travel and with Cuba's full engagement.

CHTA said it remained hopeful that the recent US-Caribbean Strategic Engagement Act will be a catalyst for this and that the regulatory framework developed in the coming months by the US administration, regulating Cuba travel and trade, will address concerns being raised by regional and US travel industry stakeholders as a result of the recent announcement.
 
Reads: 9266





Click here to receive daily news headlines from Caribbean News Now!




Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.






Other Headlines:



Regional Sports: