17 Dec U.S. Government Expands Business, Economic, and Political Relations with Cuba
The U.S. Government announced today that it is reforming its relationship with the Cuban government, allowing for the reduction of restrictions placed on trade, travel and the exchange of information.
In an effort to “cut loose the anchor of the past,” changes to policy include the construction of a U.S. Embassy in Havana, the expansion of authorized travel categories, the increased facilitation of remittances to Cuban nationals, increasing Cuba’s access to information and telecommunications and the ability of American citizens to return with up to $400 worth of Cuban goods, of which no more than $100 can be of alcohol and tobacco combined.
The policy, which has been in effect since January of 1961, is being repealed to drive economic and political reforms, recognizing Cuba as a legitimate neighbor and expanding opportunities for both countries.
We will keep you informed as this develops. Click here for the White House Fact Sheet on Cuba.