By Victoria Hines
The Obama Administration took
another step towards normalization between Cuba and the U.S. by releasing
regulations authorizing American entrepreneurs to pursue arrangements with
Cuban government owned companies. This policy announcement is representative of
the administration’s larger scheme to depart from the 1960 U.S. trade embargo
against Cuba, which poses an interesting dilemma for the U.S. cigar industry. Americans
can now bring back $100 worth of Cuban cigars back to the U.S. But, will this
policy adversely impact U.S. cigar companies? The U.S. cigar industry has recently
suggested that they are not fearful of the influx of competition from their
Cuban counterparts. Rather, they are convinced their superior quality will
prevail over the mysticism Americans associate with the Cuban cigar.
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