Changes in U.S. - Cuba Regulations
The U.S. Department of Commerce and the U.S. Department of Treasury have issued new regulations amending the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR).
Effective January 27, 2016, these regulatory changes will remove financing restrictions for most non-agricultural exports and re-exports to Cuba, facilitate the export to Cuba of certain authorized products, authorize and facilitate the provision of air carrier services between Cuba and the United States, and expand travel to Cuba within existing authorized categories.
As the U.S. government continues to release guidance and implementing regulations regarding Cuba, U.S. based entities should remain vigilant as to how these changes could impact their business priorities. Please do not hesitate to contact us if you have any questions or concerns as you begin to examine such regulations.