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Doing Business in Cuba Just Got Even Harder

On June 16th, 2017 the Trump Administration issued a memorandum on Strengthening The Policy of the United States Towards Cuba. Today the administration followed up on that policy shift with simultaneous Final Rules issued by the Departments of State, Treasury and Commerce, Bureau of Industry and Security. During the Obama era, there had been significant movement towards liberalizing and opening limited trade relations as well as travel opportunities with the island nation. Today’s regulatory changes represent a partial rollback of that liberalization effort and will enhance the commercial risk of entering legal trade relationships in Cuba. While the details of today’s regulatory changes are too wide in scope to fully […]