Connect with us

Hi, what are you looking for?

Business in Cuba

GE, Google and Cruise Lines in Pending Deals

business-cuba
GE, Google and a number of cruise lines are rumored to be involved in negotiations with Cuba. These deals need to be signed before January. Photo: Cuba Business Report staff

GE, Google and a number of cruise lines are rumored to be involved in negotiations with Cuba. This is probably quite true.  It is hoped these deals will be signed and sealed before the US President-elect steps into office in January. There’s a strategy involved here.  If these deals go through, it will be more difficult for the incoming president to step back in time and return to a failed business policy.  That big fail policy is known as the embargo against Cuba.

Regression and its Consequences

Stepping backwards in time is not going to make American Big Business happy.  Corporate giants such as GE and Google as well as Airbnb, Netflix, Verizon, T Mobile, AT&T, airlines, IDT Corp and all the other large corporations currently in negotiations or operating businesses in Cuba will be irritated, to say the least.  Count the numbers, count the dollars.  If there’s a reversal in the advances made by the Obama administration, think of the ramifications.  Imagine the lawsuits to follow.

The following was published yesterday on the Market Watch website:

Advertisement. Scroll to continue reading.

“…In addition, three American cruise lines are expected to announce deals to start service to Cuba, including Norwegian Cruise Line Holdings, Royal Caribbean and Pearl Seas Cruises.

The new business agreements are expected to be announced over the next few weeks, those familiar with the discussions said. For the White House, which ramped up an effort before the election to prod Havana, the deals are aimed at cementing President Barack Obama’s policy of advancing U.S.-Cuba relations.

White House officials are unsure how Trump, the president-elect, will approach Obama’s Cuba policy. He has said he would reverse the effort to build relations, and this week wrote on Twitter that “if Cuba is unwilling to make a better deal for the Cuban people, the Cuban/American people and the U.S. as a whole, I will terminate the deal.”

While there is no formal deal between the U.S. and Cuba that can be undone, there has been a broad effort to expand economic, trade and cultural ties between the two countries since Obama and Cuban President Raúl Castro announced in December 2014 that they would re-establish diplomatic relations.

Advertisement. Scroll to continue reading.

Asked about the possible agreement, a GE  spokesman said: “We continue to talk to Cuba and we’re in the middle of negotiations.”

Naturally, the cruise line representatives from Norwegian Cruise Line Holdings Ltd., Royal Caribbean Cruises Ltd. and Pearl Seas Cruises, are all enthused about the prospects of offering new cruise ships and itineraries to Cuba.

Officials from Google didn’t respond to requests for comments.”

Advertisement. Scroll to continue reading.

Related News:

Technology

Cuba’s telecommunications company Empresa de Telecomunicaciones de Cuba S.A. (ETECSA) and the American company Google have signed a Memorandum of Understanding (MOU). The MOU...

Trade Relations

The United States currently has restrictions on Cuba that prohibit Americans to do business or even travel to the country. And while President Donald...

Technology

According to a report by Michael Weissenstein of the Associated Press, the Cuban government and Google will sign a deal on Monday bringing faster...

Agriculture and Food

Engage Cuba, a leading bipartisan advocacy organization in Washington DC announced via a press release today, the launching of the Engage Cuba Alabama State Council...

error: This content is copyright protected.