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Major Exportable items of the country are vegetables, manufactures, animal products and textiles. Exports partners of the country are Italy, Germany, Russia, and Romania.
Important importable commodities of the country are Chemicals, textiles, fuels, and mineral products. It imports from the countries such as Germany, Russia, Italy and Ukraine.
The levels of exports and imports of the country over various years are as follows:
In the year 1992, the country joined the World Bank. Since then the Bank has undertaken many steps for reducing poverty and fostering economic growth in the country.
The restoration of full diplomatic relations between the US and Cuba, announced simultaneously by Barack Obama and Raúl Castro yesterday, is a huge political breakthrough. The benefits to the Cuban economy, however, will be more gradual. Economic sanctions by the US against Cuba began in 1960. They consisted of a range of measures, only some of which can be removed by the US president in the short term. The rest require congressional approval, which is likely to be a difficult and protracted process. Read more
Stephen S. Roach,
Jeffrey D. Sachs,
Mario Blejer & Eduardo Levy Yeyati,
Isam al Khafaji,
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