In October 2015, the Departments of Commerce and the Treasury launched the U.S.-Cuba Regulatory Dialogue. We have made several significant regulatory updates, including: eliminating certain restrictions on remittances, easing limits on exports to and certain imports from the Cuban private sector, facilitating trade in the telecommunication and agriculture sectors, making changes to facilitate authorized travel to the island, and authorizing certain U.S. companies to establish and maintain a business and/or physical presence in Cuba.
With the Administration’s new regulatory updates, the American business community is now permitted in certain areas to work directly with the Cuban private sector, empowering Cuban entrepreneurs on the island.
The following economic development is ongoing, in part, as a result of the Administration’s new regulatory framework and policy toward Cuba:
Examples of Ongoing Economic Development: