Monday, 17 June 2019 20:58

EU Foreign Ministers Address Title III of Helms Burton Act

Written by RHC
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The Foreign Ministers of the European Union (EU) address on Monday in Luxembourg the diplomatic efforts to avert the consequences of the application of the Helms-Burton law on Cuba, among others current affairs.

 

Luxembourg.- The High Representative of the EU for Foreign Policy will address the effects of the activation of Title III od that legislation which allows US citizens to sue in US courts foreign companies which operate on the island in facilities nationalized after the triumph of the Revolution in 1959.

The extraterritorial measure, designed to deter foreign investment on the island, has elicited worldwide repudiation, including from the European Union.

On May 24, Mogherini discussed the matter with Cuba's foreign minister, Bruno Rodríguez; both showed their rejection of this measure.

The EU has already advanced its intention to apply the "blockade statute", which prohibits the application in EU territory of sentences in the USA on Title III and allows defendants to receive compensation in European courts.

The EU Commission recently recalled that he vast majority of the 50 biggest complainants, who account for 70% of the total value of certified claims, have assets in the European Union.

Neither does it rule out a possible claim before the World Trade Organization (WTO. In 1996, the EU and Canada negotiated the suspension of Title III with the Clinton Administration. Since then, successive US government waived it every six months, until the Trump Administration decided to enforce it. (RHC)

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