Cuba Embargo

1.What was the key issue that prompted the EU to take the Helms-Burton dispute to the WTO?

The EU took the Helms-Burton dispute to the WTO because they felt that it violated international rules dealing with trade. The EU had a dispute with the U.S. regarding testing agriculture, trade and investments and biotechnology issues which was brought to the attention of the WTO found the following: The EU, concerned about the effect of the North American Free Trade Agreement, proposed a Transatlantic Free Trade Agreement in 1994, and the U.S., somewhat reluctantly, went along. There was to be no TAFTA to complement NAFTA, however only a renewed political gesture in the form of the 1995 New Transatlantic Agenda. Its main lasting effect was the Transatlantic Business Dialogue, the first transatlantic lobby, which brought about agreements on testing and certification as a step toward defining a new trade agenda. It also envisioned the creation of a New Transatlantic Marketplace within which trade barriers between the U.S. and EU would be largely dismantled.

Continuously diluted, in 1998 the NTM became today's Transatlantic Economic Partnership, a limited agreement slighting key issues, particularly agriculture, audiovisual services, and culture. This failure to develop substantive transatlantic regulations means reliance on the World Trade Organization's dispute settlement process for airing differences. As the cold war settled down in 1990, the U.S. rebuffed EU calls for a formalization of relations through a transatlantic treaty, preferring a network of informal relations.

2. Who benefits the most from an embargo of this type? Who suffers?

3.In light of the overtures U.S. President Barack Obama has made to Raul Castro, is the likelihood that the United States and Cuba will resume diplomatic and trade relations during the Obama administration?

Cuba has been at odds with the United States since Fidel Castro assumed power in 1959. Successive U.S. administrations have tried tough measures including prolonged economic sanctions and designation of Cuba as a State Sponsor of Terrorism, but none substantially weakened Castro's rule. In February 2008, Fidel formally resigned from office, sixteen months after transferring many powers to his brother Raul due to illness. Despite stirrings of U.S. economic interest in Cuba and some policy softening

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