Since President Obama announced the normalization of U.S. relations with Cuba in December of 2014, U.S. businesses have begun to plan for the eventual lifting of U.S. economic sanctions against Cuba. While the Obama Administration has taken a number of steps to jumpstart interactions between U.S. businesses and the Cuban private sector, including easing travel
Cuba
Benefits and Barriers to Expanded U.S.-Cuba Trade
By Shara Aranoff on
Proponents of increased U.S. trade with Cuba rightly point to the potential economic benefits to U.S. exporters, particularly in the food and agriculture sector, from greater trade. But achieving that potential may take more than the lifting of the U.S. trade embargo with Cuba. A forthcoming study from the U.S. International Trade Commission promises a…
ITC To Examine Trade With Cuba
By Shara Aranoff on
Posted in Cuba, Trade Agreements
On January 30, 2015, the U.S. International Trade Commission launched a study on the economic effects of current U.S. trade and travel restrictions on U.S. trade with Cuba. The study was requested in December by then-Chairman of the Senate Finance Committee Senator Ron Wyden in connection with President Obama’s announcement of a change in direction …
President’s Cuba Announcement Presents Commercial Opportunity, Test of Executive Power
President Obama’s announcement that the United States is “changing its relationship with the people of Cuba” has been welcomed by many in the business community, who continue to await regulatory amendments that will implement the new policy. (For background on the President’s announcement, please see our client alert of December 17, 2014 and our audio …