Cuba is an imminent competitor.

Friday 25 March 2016. By Sir Ronald Sanders. US President Barack Obama about to sample a Havana cigar in Cuba. My commentary this week is an expanded version of a response I gave to a Jamaican journalist who asked me: what are the implications for Jamaica and the wider Caribbean of US President Barack Obama’s visit to Cuba and the opening-up of the Cuban market? President Obama did the right thing by beginning the end of a failed US policy of trying to isolate Cuba. The failed policy is not yet ended. It should be recalled that the trade embargo against Cuba is still on the statute books of the US and it can only be changed by Congress. While in Cuba on 21 and 22 March, Obama himself admitted that “the bulk of changes that have to be made with respect to the embargo are now going to rely on Congress”. By executive action, Obama has gone almost to the limits of what he can do. As he explained: “The list of things that...