Conceived in 1993 and established in 1994, the U.S.-Cuba Trade and Economic Council provides the U.S. business community with information and analysis on matters of interest regarding U.S.-Cuba commercial, economic, and political relations. The U.S.-Cuba Trade and Economic Council does not take positions with respect to U.S.- Cuba political relations. The organization is a private, … Read more
Royal IHC (IHC) has signed a new contract for an Easydredge® 3,700 trailing suction hopper dredger (TSHD) for Tecnoimport and Empresa Constructora de Obras Marítimas in Havana, Cuba. The contract was signed in the presence of Mr Mark Rutte, Prime Minister of The Netherlands and Mr Ricardo Cabrisas Ruiz, Vice President of the Council of … Read more
On December 17, 2014, President Obama announced the beginning of a normalization process between the United States of America and Cuba, starting a new chapter in U.S.-Cuba relations. A major step in this process was reached on July 20, 2015, when Cuba and the United States reopened their respective embassies and reestablished diplomatic relations. U.S. … Read more
The legal wrangle between the U.S. and Cuban governments involves years of rancor and a multitude of legislation so complex that an unwinding is akin to annulling a divorce. The Cuban government has judicially adjudicated claims against the U.S. for personal injury and economic damages, as explained below. Cuba also enacted Law No. 80 of … Read more
by Russ Slifer, Deputy Under Secretary of Commerce for Intellectual Property and Deputy Director of the USPTO President Obama’s historic announcement, just two years ago, paved a new course of history for a more open U.S.-Cuba relationship—and today the Administration is taking steps to not only break down economic barriers, but also give way to … Read more
Trade and commerce are the focus in Obama’s most recent relaxing of rules pertaining to doing business in Cuba. Bolstering trade and commercial opportunities and the growth of Cuba’s private sector are the main priorities of the Obama administration’s plan to make his changes “irreversible.” Export-related transactions the U.S Office of Foreign Asset Control (OFAC) … Read more
Last week, President Obama expanding opportunities for scientific collaboration and access to medical innovations as part of a series of executive actions designed to dismantle the U.S. embargo against Cuba. The move grants legal status to the following health-related transactions: Joint medical research U.S. Treasury’s Office of Foreign Assets Control (OFAC) is issuing a new … Read more
Last week, the Obama administration announced a new round of executive actions designed to increase trade and travel with Cuba. And this is the one many Americans have been waiting for — no more Cuba-specific import restrictions on the island’s famed rum and cigars for personal use. The changes follow a series of steps taken since President … Read more
In 1990, when the USSR collapsed, Cuba endured a severe curtailment of investment, trade and general political support from a partner that had invested about $100 billion (in 2016 $US) in the preceding 30 years. The so called “Special Period” was defined primarily by the severe shortages of hydrocarbon energy resources in the form of … Read more
Commercial imports authorized under § 515.582 of the Cuban Assets Control Regulations (CACR), Importation of Certain Goods and Services Produced by Independent Cuban Entrepreneurs, must comply with all current U.S. Customs and Border Protection (CBP) and other U.S. Government agency requirements. There is no trade agreement between the U.S. and Cuba, so most imports are … Read more
