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New Cuban Travel and Trade Rules to Take Effect Friday

Andy Towle January 15, 2015

Satellite-image-of-cuba

Many of the broad range of changes to the U.S. Government's policies toward Cuba which President Obama announced in mid-December are going to take effect tomorrow, the administration announced today.

Reuters reports:

The United States eased decades of trade and financial restrictions on Cuba, opening up the country to U.S. telecommunications, construction and financial services in a slew of changes announced by the U.S. Departments of Commerce and Treasury.

The new rules, effective on Friday, are the first concrete step to implement U.S. President Barack Obama's move last month to restore diplomatic ties with Cuba and ease the long economic embargo on America's Cold War enemy after more than 50 years.

The AP adds:

The measures include permission for Americans to use credit cards in Cuba and U.S. companies to export some technologies. Americans authorized to visit Cuba need no longer apply for special licenses.

Americans can also bring home up to $100 in alcohol and tobacco from Cuba, meaning the ban on Cuban cigars is officially over.

Only Congress can lift the full embargo which has been in place for more than 50 years.

Topics: News, Travel More Posts About: Barack Obama, Barack Obama, Cuba, News

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