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NFTC Issues Statement on New Cuba Restrictions

Washington D.C. -The National Foreign Trade Council (NFTC) today issued a statement regarding the Administration's announcement to implement new restrictions on engagement with Cuba.

"We are disappointed that the Administration has decided to limit Americans' ability to engage in Cuba," said Richard Sawaya, USA*Engage Vice President. "The new restrictions announced today will harm American businesses and citizens without achieving their intended foreign policy objectives and set back U.S. leadership in the region."

"The steps announced today will disadvantage American businesses and citizens as well as the Cuban people, who benefit from engagement with Americans," said Jake Colvin, Vice President for Global Trade Issues at the National Foreign Trade Council. "American officials, business people and citizens are powerful forces for good in this world. It should be the policy of our government to facilitate their engagement in Cuba to the maximum extent possible rather than limit their freedom."

Earlier this month, the Engage Cuba Coalition, the NFTC and other industry leaders released a report on the economic effects of reversing current Cuba policies. To read the report, click here.


About the NFTC
Serving America's Global Businesses Since 1914 - The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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