The United States embargo against Cuba is a commercial, economic, and financial embargo partially
imposed on Cuba in October 1960. It was enacted after Cuba nationalized the properties of United States citizens and corporations
and it was strengthened to a near-total embargo since February 7, 1962.
Titled the Cuban Democracy Act, the embargo was codified into law in 1992 with the stated purpose of maintaining sanctions on Cuba
so long as the Cuban government continues to refuse to move toward "democratization and greater respect for human rights".
It has been argued that pro-embargo Cuban-American exiles, whose votes are crucial in Florida, have swayed many politicians to
also adopt similar views. The Cuban-American views have been opposed by business leaders who argue that trading freely would
be good for Cuba and the United States.
At present, the embargo, which limits American businesses from conducting business with Cuban interests, is still in effect and is
the most enduring trade embargo in modern history. Despite the existence of the embargo, the United States is the fifth largest
exporter to Cuba (6.6% of Cuba's imports are from the US). However, Cuba must pay cash for all imports, as credit is not
allowed.
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