Cuban researcher affirms that current status of Helms Burton Title III affects Cuba

Moment former US President Bill Clinton signed int law the Helms Burton Act in March 1996. File Photo

Havana, February 28 (RHC)-- Cuban researcher Olga Rosa González says  that the mere announcement by US Government that it would decide in a period of 45 days if it would wave or not Title III of the Helms Burton Law affects the island.

The US State Department made the annopuncement last January 16.

The deputy director of the Havana-based Center for Hemispheric Studies and the United States, said  that the decison  influences what is called risk perception by companies or people from abroad interested in investing in Cuba.

The application of theTitle III of a the Helms Burton Law,  would pave the way for U.S. citizens to sue foreign companies and individuals over properties confiscated from them during the early years of the Revolution.

"The announcement of this measure causes uncertainty and as a result , those interested in investing in Cuba might wait until the final decision of the White House, and this could slow down the Cuban economic development, already hit by a blockade of more than 55 years imposed by the United States government," the expert said.

The completion of the 45 days annouced by the State Department will take place in early March.

Edited by Jorge Ruiz Miyares


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