US blockade limits Cuba's access to commodity markets

NEW YORK, 16th  May 2019.- During the informal interactive dialogue on commodity markets, held at the headquarters of the United Nations, Ambassador Ana Silvia Rodriguez Abascal, Deputy Permanent Representative, called for transforming the unjust international economic order and the existing unequal relations of production and trade; as well as eliminating barriers, obstacles and unilateral measures in the framework of trade, finance and technological exchange that prevent developing countries from engaging in their national development strategies in an international environment conducive to sustainable development.

Seventy-five years after the creation of the United Nations, the situation of commodities for developing countries remains largely unchanged. These countries continue to be highly dependent on this type of products and markets, with export earnings mainly focusing on a narrow range of commodities. The low level of industrialization and diversification of their economies is perpetuated, subject to multiple structural challenges and barriers that prevent or hinder their adequate insertion into international markets, the Cuban representative stressed.

Rodríguez Abascal rejected the application of unilateral coercive economic measures, inconsistent with international law and the Charter of the United Nations that impede the full realization of the right to development, as well as compliance with the 2030 Agenda.

She added that an example of these measures is the economic, commercial and financial blockade imposed by the United States against Cuba for nearly sixty years and further tightened with the recent activation of Title III of the Helms-Burton Act, which prevents the Caribbean island from gaining equal access to world-class technologies on equal terms, from establishing normal trade, financing or investment relations with the world and with international financial institutions and companies from other countries. (Cubaminrex-Permanent Mission of Cuba to the United Nations)

(Cubavsbloqueo/Permanent Mission of Cuba to the United Nations)

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