Why is the uplifting of Embargo Important for Cuba?
The rapprochement of US towards Cuba began as a result of the President Obama's visit to Cuba in 2014 in order to change the isolationist policy of US on Cuba. The main purpose of the visit was to overcome the years of hostility between the two states. Even though the non-binding nature of UN General Assembly will not drastically transform US-Cuban relations, yet, the diplomatic message of US for Cuba attached with it may play a role in addressing the grievances of Cuba concerned with the role of Cuba in global economy and politics.
If the embargo is uplifted from Cuba, it would mean that the loss of $ 4.96 billion between April 2015 and March 2016 can be reversed, as the economic sanctions were imposed on Cuba in the aftermath of the 1959 revolution. Similarly, Cuba would be allowed to carry trade with the US. This diplomatic break is lauded by the Cuban foreign minister. Likewise, the socio-economic ties could also be improved, as most of the Cubans view the sanction as unjust or unfair which is damaging the economic conditions of Cuban and affecting people.
Despite the Obama's administration policy shift on Cuba, the support for reproach between the US and Cuba is expected to be opposed by the Republican-dominated Congress. This diplomatic move could also heighten the tensions between Democrats and Republicans. Similarly, the future prospects of this shift or change in position critically rely on the American Presidential Elections result, as the new administration could reverse the diplomatic efforts made by the present government. However, if the Democratic nominee gets elected, it may further the rapprochement in addition to actualizing the improvement in the relation between the US and Cuba.