Articles Tagged with policy

CAT-300x200Even with US-Cuba relations up in the air, business continues as usual. Despite the negative writing on the wall from a foreign policy standpoint, companies are continuing with their plans to do business with Cuba.

Cuba gave RIMCO, Caterpillar’s Puerto Rico-based dealer, permission to set up a Caterpillar warehouse and distribution center in Cuba’s Mariel Special Economic Development Zone, envisioned by the Cuban government as the island’s economic future. After a long process of campaigning and negotiations, Caterpillar Inc. is the first US company to locate in the Cuban economic zone.

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CubanTravelNewRules-300x200The U.S. Treasury Department issued new clarifications on Tuesday on measures that will take effect for business, remittances, and travel with Cuba following President Donald Trump’s June announcement regarding U.S. policy towards the island.

The document, released by the Office of Foreign Assets Control (OFAC), includes answers to 14 frequently asked questions from business owners, travelers, and the general public about the changes Trump proclaimed in Miami on June 16.

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Trump-Signing-Policy-300x214President Donald Trump plans to continue the biannual suspension of the Title III provision of the Helms-Burton Act, sources say. The Act permits the owners of property confiscated in Cuba to sue the Cuban government and foreign governments for using those expropriated holdings.

Since the Helms-Burton Act, formally known as Cuban Liberty and Democratic Solidarity Act, was passed by Congress in 1996, every president has suspended the lawsuit provision in six-month intervals. The ability to waiver the provision was added by President Bill Clinton as a compromise for U.S. allies like Mexico, Canada, and EU countries that feared Title III would open their investments in Cuba to a potential tidal wave of lawsuits in U.S. federal courts by people with prior claims.

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Raul-Castro-300x200Cuban President Raul Castro dismissed President Donald Trump’s harder line on relations with Havana to Cuba’s National Assembly on Friday, calling it a setback.

“Any strategy that seeks to destroy the revolution either through coercion or pressure or through more subtle methods will fail,” said Castro.

This was the first time he has commented on Trump’s June announcement of a rollback of some of the changes established by former President Barack Obama.

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Cuban-Flag-300x199The European Parliament has approved a cooperation pact between the EU and Cuba despite concerns about the island nation’s human rights violations.

On July 5, European lawmakers in Strasbourg, France approved the Political Dialogue and Cooperation Agreement, which is seen as a riposte to U.S. President Donald Trump’s tough stance against Cuba.

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cubavisit-300x202Travel companies that organize trips to Cuba for American travelers have reportedly been receiving a lot of questions about President Donald Trump’s new Cuba policy and how the elimination of “people to people” tours to the island and the ban on dealings with military-controlled businesses will affect their travels.

“They say they have been interested in traveling to Cuba and they want to book right now,” Tom Popper, president of InsightCuba, told the Miami Herald. His company organizes tours and plans itineraries for groups traveling to Cuba.

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Cruise-Ship-300x183U.S. business owners with dealings in Cuba were relieved after President Donald Trump outlined his new Cuba policy last week because it might not have a big impact on their ventures. Some have reportedly paused all business with the island until they see how Trump’s changes will be implemented and what new regulations they will require.

Lawyers who help corporations navigate the regulations and laws imposed by the embargo have been going through every detail of the memorandum Trump signed on June 16 as well as a White House fact sheet and the answers to some frequently-asked questions issued by the Office of Foreign Assets Control (OFAC) to get a feel of the new policy. That is all the lawyers have to go on until the new rules are written. Trump mandated that the writing process begin by next month.

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1303-Trump-Cuba-061617-300x214Cuban officials have released an official response to President Donald Trump’s June 16 speech in Miami that reinstated restrictions on travel and banned dealings with businesses owned or controlled by the Cuban military.

The statement noted Trump’s “hostile rhetoric” and said the U.S. was in no position to lecture Cuba on human rights. However, it also confirmed Cuba’s continued willingness to collaborate with the U.S.

“The Government of Cuba reiterates its will to continue a respectful and cooperative dialogue on topics of mutual interest, as well as negotiations of outstanding issues with the US Governement,” the statement said.

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Donald-Trump-at-Bay-of-Pigs-300x200President Donald Trump is to announce a plan on Friday to tighten U.S. policy toward Cuba by adding travel restrictions for Americans traveling to the island and banning U.S. companies from doing business with enterprises controlled by the Cuban military, White House officials said on Thursday.

Trump’s changes are intended to cut off cash flow to the Castro regime by banning business deals with the Armed Forces Business Enterprises Group (GAESA), a government-controlled conglomerate involved in all sectors of the Cuban economy, in an attempt to pressure Cuba’s leaders to allow the island’s private sector to grow. Exceptions will be made for sea and air travel, which means U.S. cruise lines and airlines serving the island won’t be affected by the directive.

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Cuban-Flags-Over-Balcony-300x212With President Donald Trump expected to announce his administration’s revised Cuba Policy in Miami this Friday, those for and against engagement with the island nation are scrambling to let the president—and even his daughter Ivanka—know their position.

The president has received several letters from dissidents, professors concerned that a revised policy could affect educational exchanges, U.S. senators, and various lobby groups and human rights organizations. Some were addressed to Ivanka Trump, including one from a group of over 50 Cuban female entrepreneurs urging her, businesswomen to businesswoman, to make sure the opening created by the previous administration isn’t closed.

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