Permanent Mission to the United Nations
315 Lexington Avenue, New York, N.Y. 10016
A have the pleasure to send you a press release, entitled: The US blockade adversely affects Cuba´s foreign trade, in Spanish and English version.
Thanks for your attention,
Permanent Mission of Cuba to the United Nations.
The US blockade adversely affects Cuba´s foreign trade.
New York, October 24, 2017. The economic, commercial and financial blockade imposed by the United States against Cuba had a significant impact on Cuba´s foreign trade between April 2016 and April 2017, causing an estimate of 3,524,993,996.32 dollars in damage.
As in previous years, the most affected indicator was income from exports of goods and services, which accounted for 83.6% of total damages. During that period, there was also an increase of 42% in the cost of financing received due to country risk. Numerous examples show how this policy has a negative impact on the development of the Cuban economy.
The Center for Genetic Engineering and Biotechnology (CIGB) has developed product Heberprot-P, a unique medicine worldwide in the therapy of severe diabetic foot ulcer (DFU). This drug has benefited more than 230,000 patients worldwide and has obtained 21 health records and more than 30 patents have been granted.
Statistics show that the prevalence of diabetes in the United States is 9.3%, which is equivalent to about 29.2 million people. According to US sources, 3.5% of them develop DFUs, which represents more than one million people each year. Of these, 204 296 could develop complex DFUs. If Heberprot-P were exported to benefit only 5% of US citizens who develop a complex DFU per year, this would help to significantly reduce the over 70,000 amputations carried out annually in the United States in diabetic patients. The biotechnology industry in Cuba could also receive revenues of about 122 million dollars a year.