Manufacturers Tell Congress to end Cuba trade restrictions.
Press Release Summary:
In her letter to congressional leaders, NAM Vice President of International Economic Affairs Linda Dempsey called for passage of legislation to release trade embargo on Cuba. Dempsey cited increased opportunity for economic activity between U.S. and Cuba as well as access for manufacturers to "a market less than 100 miles from our shores." Dempsey also commended U.S. Representatives Tom Emmer (R-MN) and Kathy Castor (D-FL) for introducing Cuba Trade Act of 2015.
Original Press Release:
Manufacturers to Congress: End Cuba Trade Restrictions
Lifting Embargo Will Foster Economic Growth
Washington, D.C. – On the heels of President Obama’s visit to Havana, National Association of Manufacturers (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. The letter commends U.S. Reps. Tom Emmer (R-MN) and Kathy Castor (D-FL) for introducing the Cuba Trade Act of 2015.
“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.”
The NAM recently formed the Cuba Policy Working Group to look into legislative solutions, including lifting current trade and travel bans between the two countries, making it simpler for Americans to engage with Cuban citizens and allowing companies and individuals in the United States to support the growth of private enterprise in Cuba.
-NAM-
The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 14 million men and women, contributes $2.09 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
