CONTACT: Madeleine Russak (626) 390-2158
Rural communities across the country most reliant on agricultural, manufacturing, and shipping industries would be disproportionately affected by adding regulations on travel and trade to Cuba. This analysis excludes agricultural and medical exports because provisions allowing for limited exports in these sectors were authorized by Congress in 2001, thus predating Obama-era regulatory changes. However, new regulations on exporting agricultural commodities to Cuba could cost an additional $1.5 billion and affect 2,205 jobs more U.S. jobs.
"Our new relationship with Cuba has led to tangible results for American companies, created U.S. jobs, and strengthened Cuba's growing private sector. If President Trump rolled back our Cuba policy, he would add job-killing government regulations on U.S. businesses. This directly conflicts with President Trump's campaign promises of removing onerous regulations and red tape on U.S. businesses," said President of Engage Cuba, James Williams. "Reimposing restrictions on traveling to Cuba would force Americans to jump through even more bureaucratic hoops to exercise their right to travel freely."
U.S. travel to Cuba has skyrocketed. As a result, seven U.S. airlines fly direct to Cuba and three cruise lines have reached deals. American travel giants including AirBnb, Expedia and TripAdvisor now offer services in Cuba.
Cost Summary:
Summaries of the major areas affected by potential rollback are listed below, totaling $6.6 billion and 12,295 jobs.
- Travel: U.S. travel to Cuba was liberalized over the past few years by expanding legal travel in 12 categories, self-authorization, and allowing both airlines and cruise lines to offer passenger service to the island. Rolling back expanded travel could cost airlines and cruise lines $3.5 billion and affect 10,154 jobs in those industries.
- Manufacturing: Manufacturing companies in the energy, chemical, and technology industries are finalizing commercial contracts that will create $929 million worth of exports from the U.S. to Cuba over the next four years. Revoking authorization for manufacturing exports would deal a blow of nearly $1 billion to American businesses and could cost up to 1,359 jobs.
- Remittances: Estimates on U.S. remittances to Cuba show that Cubans working in the United States send up to $4 billion back to the island every year. Over four years, cutting the remittance flow could cost American money transfer companies $1.2 billion and affect 782 jobs. Additionally, the increase flow of remittances has significantly helped Cuba's growing private sector.
- Immigration: In January 2017, the Obama Administration and Cuba reached a deal to end the controversial "wet foot, dry foot" policy, which granted permanent residency to Cuban immigrants who arrived in the U.S. by land. Because the policy granted refugees access to federal social and healthcare entitlements, reinstating it would cost U.S. taxpayers $953 million over four years.
Engage Cuba is the leading coalition of private companies and organizations working to end the travel and trade embargo on Cuba. As a 501(c)(4) bipartisan non-profit whose funds are entirely dedicated to advocacy efforts, Engage Cuba is the only organization whose focus is U.S.-Cuba legislative advocacy. Engage Cuba is also committed to supporting the Cuban people and helping organizations and businesses navigate Cuban and U.S. regulations. The organization has the largest bipartisan lobbying operation working on U.S.-Cuba policy. Together with the Engage Cuba Policy Council of renowned experts, Engage Cuba provides timely updates on opportunities for U.S. business in Cuba, regulations, and market analysis. To get involved with Engage Cuba's mission or learn more, visit: http://www.engagecuba.org.





