Herzfeld Caribbean Basin Fund Inc (CUBA)

[deet49]

Might United States cruise lines and United States airlines agree to out-of-court settlements with plaintiffs as a means to avoid having a United States District Court Judge rule on the definition of “tourism.”

With a court ruling that travel-related activities authorized by the Obama Administration and the Trump Administration constitute “tourism” which is specifically prohibited, thus illegal, by the Trade Sanctions Reform and Export Enhancement Act (TSREEA) of 2000, a substantial revenue stream would evaporate for United States-based cruise lines, airlines, travel agents, tour operators, one hotel management company and for the government of the Republic of Cuba and Republic of Cuba government-operated companies.

According to a Washington DC-based analyst, if the “educational travel” sub-category of “people-to-people” is eliminated, the result could be a 66% decrease in the number of non-family visitors from the United States to the Republic of Cuba.
https://www.cubatrade.org/blog/2019/5/30/0smfw9z54xml4jgc1frt4udkey8imc

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