U.S. Opening More Commerce Channels With Cuba
The Obama administration is relaxing some of the restrictions on travel to and business with Cuba, launching a new initiative that will allow American telecom companies to set up cell phone and other services on the island nation.
The Obama administration is relaxing some of the restrictions on travel to and business with Cuba, launching a new initiative that will allow American telecom companies to set up cell phone and other services on the island nation.
WAIT, BEFORE YOU GO…The Wall Street Journal:
The move is part of an effort to open access to the Cuban people, the official said. The initiative will also include lifting of long-standing restrictions on family travel and remittances to the island, as previously reported. Family will be loosely defined as a third-degree relative, a definition that was in place during the Clinton administration that extends to second cousins. The money can go to any Cuban, unless he or she is a senior government official.
Under Bush administration rules, Cuban-Americans were permitted to travel to Cuba just once every three years.
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