What trade organizations does Cuba belong to?

Cuba has been a member of WTO since 20 April 1995 and a member of GATT since 1 January 1948.

What is Cuba’s main export?

Cuba’s main imports are machinery, food and fuel products, while its major exports are refined fuels, sugar, tobacco, nickel and pharmaceuticals.

Where does Cuba import goods from?

Cuba’s primary import partner is Venezuela. The second-largest trade partner is Canada, with a 22% share of the Cuban export market. Cuba began courting foreign investment in the Special Period. Foreign investors must form joint ventures with the Cuban government.

Does the US trade with Cuba?

Cuba has been a member of the World Trade Organization since 1995. The European Union is Cuba’s largest trading partner, and the United States is the fifth-largest exporter to Cuba (6.6% of Cuba’s imports come from the US).

Can I move to Cuba?

The only way to become a Cuban resident is to marry a Cuban citizen. You can live in Cuba with a Snowbird Visa and just keep renewing it. It is important to know that as an American you cannot own property or a vehicle in Cuba, you can only rent.

How safe is Cuba?

Although Cuba is generally a safe country to visit, a trip to Cuba may expose you to “minor” crimes such as currency scams, pickpocketing, and theft. You should also be aware of threats to your health like contaminated tap water, COVID-19, mosquito-borne diseases, and terrible road conditions if you are driving.

What was the balance of trade in Cuba?

Balance of Trade in Cuba averaged -4828.17 CUC Million from 1990 until 2018, reaching an all time high of -535.50 CUC Million in 1992 and a record low of -10570 CUC Million in 2008. This page provides – Cuba Balance of Trade – actual values, historical data, forecast, chart, statistics, economic calendar and news.

When did Cuba stop trading with the Soviet Union?

By the end of the 1980s, almost three-fourths of Cuba’s trade was with the Soviet Union, on extremely beneficial terms for Cuba. Cuba’s overall trade declined sharply after the Soviet Union dissolved in 1991.

Is the United States a trading partner of Cuba?

Cuba has been a member of the World Trade Organization since 1995. The European Union is Cuba’s largest trading partner, and the United States is the fifth-largest exporter to Cuba (6.6% of Cuba’s imports come from the US). Cuba must, however, pay cash for all imports, as credit is not allowed.

When did Cuba become a member of the WTO?

This page gathers key information on Cuba’s participation in the WTO. Cuba has been a member of WTO since 20 April 1995 and a member of GATT since 1 January 1948.