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Argentina and Cuba share a common history in the fact that both nations were once part of the Spanish Empire. In 1816, Argentina obtained its independence and in 1902, Cuba obtained its independence after the Spanish–American War. On 12 May 1909, Argentina and Cuba officially established diplomatic relations. [1]
A handful of agricultural reforms in recent years have failed to boost output in its inefficient, centrally-planned economy, which also suffers from a decades-old U.S. trade embargo.
Argentina was, in 2017, the 18th largest producer in the world, and the largest producer in Latin America, of natural gas, in addition to being the 28th largest oil producer; although the country has the Vaca Muerta field, which holds close to 16 billion barrels of technically recoverable shale oil, and is the second largest shale natural gas ...
Online supermarkets allowing Cuban Americans to pay for food for their families in Cuba have become a lifeline for many on the island during the pandemic, helping them survive amid widespread food ...
Cuba had been insulated from world sugar prices by Soviet price guarantees. However, the Cuban economy began to improve again following a rapid improvement in trade and diplomatic relations between Cuba and Venezuela following the election of Hugo Chávez in Venezuela in 1998, who became Cuba's most important trading partner and diplomatic ally.
Mutual trade reached nearly US$20 billion in 2022, with US$6.9 billion in U.S. imports from Argentina and US$13 billion in exports to Argentina. [27] Trade in services with Argentina has been especially advantageous for the U.S., with Argentina's services deficit with the U.S. reaching US$5 billion in 2019 [31] - the entirety for that year. [6]
Exports from U.S. to Cuba in December jumped from November. For premium support please call: 800-290-4726 more ways to reach us
Argentina’s President Javier Milei on Wednesday replaced Foreign Affairs Minister Diana Mondino after she voted in favor of lifting the U.S. embargo against Cuba at the United Nations.