President Barack Obama’s decision to melt more than five decades of embargo against Cuba could become an economic windfall for New Orleans, whose port used to dominate seafaring trade across the Caribbean, reports the website Next City.
Before the embargo was signed in 1962, more than 60 percent of Cuba’s trade went through New Orleans, according to the story. While Miami stands to gain the most from normalized relations, it’s likely New Orleans isn’t far behind.
Some limited trade has already been occurring, and state and city officials have pushed for easing trade tensions with Cuba in recent years.
By Richard Rainey, NOLA.com
January 13, 2015