The U.S. International Trade Commission says U.S. trade sanctions on Cuba have had minimal effect on the economies of Cuba or the United States.

The ITC says without sanctions, U.S. exports to Cuba would have been approximately $658 million to $1 billion annually, based on 1996 to1998 trade data. This would have been 17 percent to 27 percent of Cuba’s total imports from all sources.

Despite the close geographic proximity between the United States and Cuba, bilateral economic relations in the absence of sanctions could be limited by Cuba’s remaining restrictions on investment and economic activity. This limits Cuba’s ability to import.

The report went on to say that while the overall impact on the U.S. economy was small, some industries may benefit from removing the Cuban sanctions. Pork could be one of the industries to benefit, as well as other agricultural industries, such as rice and wheat.