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Positive Cuba and U.S. relations drive investment

Positive Cuba and U.S. relations drive investment

April 2016

The U.S. Departments of the Treasury and Commerce announced significant regulatory changes to make it easier for Americans to travel to Cuba, expand access to U.S. financial institutions and the U.S. dollar from Cuba, and expand the ability for Cubans living in the U.S. to earn a salary.

The changes are coupled with the Departments of State and Transportation allowing up to 110 non-stop flights daily between the United States and Cuba.

According to White House Press Secretary Josh Earnest, the goal of President Barrack Obama’s policy with Cuba is to facilitate more interaction between the Cuban and American people, through travel and commercial opportunities.

Already, with Obama’s backing there is much anticipated entry of U.S. hotel companies into Cuba, including The Marriot.

 

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