What Is Cubas Potential as a Market for U.S. Medical Products?
Q: Current U.S. law restricts the exports of most goods to Cuba with a few notable exceptions including medicines and medical devices, which require special licenses from the Department of Commerce and whose sales amounted to just $517,000 last year. What is the business potential of the Cuban market for U.S. medical sector companies if export restrictions are relaxed? What needs to happen—legislatively and commercially—In order for the U.S. and Cuba to expand ties in health and medicine? A: Elaine Scheye, president of the Scheye Group Ltd. in Chicago: “The loss of actual dollar sales together with foregone opportunity costs associated with the export of medical products to Cuba is astronomical, especially given that medicines, medical supplies and equipment are essential products always in demand. In addition to the loss of actual dollars, we continue to fail to realize that our limited ability to export medicine has wrought incalculable costs in human suffering for the citizens of Cu
Related Questions
- I am presently exporting to the United States and I would like to introduce my products/services overseas. Where can I get a list of potential distributors in a given market/country?
- Can Kings Medical help me determine the volume and revenue potential for new modalities in my market?
- What are potential demand in the Market in Europe(Greece/Italy/Spain) for products from Asia?
