NEW: Sen. Wyden Says America’s Cuban Policy Failed
Wednesday, December 17, 2014
“For more than a half-century, the United States has sought to isolate Cuba diplomatically and economically and bring down the Castro regime,” Wyden said in the statement. “By any metric, that policy has failed.”
President Obama re-established diplomatic relations and eased economic and travel restrictions with Cuba on Wednesday. The economic embargo on Cuba is still in effect, which must be lifted by Congress.
Wyden has requested a study by the International Trade Commission on the economic impact of the United State’s restrictions on trade and travel to Cuba. He said in the statement he hopes it will help form the new economic relationship between the United States and Cuba and ensure relations are beneficial to America.
"We also cannot ignore the trade opportunities currently denied to American farmers, manufacturers, and service providers,” Wyden said in the statement. “U.S. trade restrictions must be appropriately calibrated to ensure that we do not unnecessarily leave American jobs on the table.”