This act has been associated with tremendous changes, although the changes did not occur as it was projected by stakeholders such as ADM’s Andreas. The aim of this act is to strengthen and enhance the United States territorial embargo against Cuba ("America's Cuban Conundrum" 162). Furthermore, the objective of the Helms-Burton Act is to extend territorial use of the original embargo on other foreign countries that engaged in trading with Cuba. This act raised concerns among key stakeholders, although, Washington political officials were of the perspective that the act was consistent with international regulations.
Reasons why the European Union took the case of Helms-Burton Act to the World Trade Organization
Application of the Helms-Burton Act raised concerns and conflicts among stakeholders such as Denmark that threatened to veto the stipulations of the act ("America's Cuban Conundrum" 162). The reason why the European Union took the Helms-Burton Act issue to World Trade Organization is based on the fact that it driven by the motivation to determine whether application of Helms-Burton Act was a violation of international business laws.
Beneficiaries and Disadvantaged Stakeholders due to application of the Embargo
The main beneficiary of the embargo was the United States; in the perspective of the United States, the embargo created a platform for the control of wrongful trafficking of goods and products by Cuba under the Castro regime: The embargo allowed the United States to confiscate illegally trafficked goods, hence improving security in the United States. However, this act was a major setback to countries such as Cuba is it jeopardized its freedom to engage in free trade with other countries. However, this embargo has been considered a major failure majorly because the United States does not have a formal diplomatic relationship with Cuba. To some extent, the embargo basically strengthened the Castro regime, mainly by attracting sympathizers and supporters across the globe.
Factors that have contributed to continued Sanctions over the past 50 years
One of the factors that have contributed to continued sanctions over the past 50 years is the failure of current Presidents i.e. Bush and Obama to repeal unfavorable international business laws such as the Helms-Burton Act. Moreover, certain actions of current presidents i.e. imposition of new restrictions on Cuban-Americans as well as cultural phase-out characterized with restricting travels between Cuba and America have contributed to the increasing sanctions in the last 50 years ("America's Cuban Conundrum" 163).
Businesses that may be affected in an event that Trade Relations between US and Cuba are restored
The tourism sector might experience tremendous development as a result of increased travel between US and Cuba in an event that trade relations between US and the Cuba are restored. On the other hand, the employment sector may experience tremendous growth, characterized by increasing labor i.e. from Cuba to America.
Work Cited
"America's Cuban Conundrum." The Political, Legal and Regulatory Environment. U.S Department of Justice. 161-63. Print.
