Insights
Client Alert
President Obama Eases Longstanding Restrictions on Trade with Cuba
April 17, 2009
Hamilton Loeb, Behnam Dayanim and Latoya Porterfield
The Obama Administration announced on Monday, April 13, 2009, a series of changes in the United States policy with Cuba in an effort to reach out to the Cuban people. The promotion of democracy and human rights in Cuba is in the national interest of the United States and is a key component of this Nations foreign policy, according to President Obama.
President Obama directed the Secretary of the Treasury and the Secretary of Commerce, in consultation with the Secretary of State, to take actions to facilitate greater contact between separated family members in the United States and Cuba. Additionally, the Administration plans to increase the flow of remittances and information to the Cuban people.