by Sheryl Birsky, SJ&A
Many of our Small Business clients have expressed interest in how to enter new markets, and recently how to initiate business in Cuba due to the emerging US-Cuba relations. In January, the Departments of Commerce and Treasury amended their regulations to increase travel, trade, and the free flow of information to and from Cuba. In April, President Obama met with Cuban President Raul Castro. And, after a review, Cuba’s designation as a State Sponsor of Terrorism was rescinded. This month, embassies in Washington and Havana re-opened.
The President’s decision to re-establish diplomatic relations with Cuba and ease some commercial and travel restrictions area significant steps toward increased economic opportunity –especially for American small businesses. Challenges still remain, including the trade embargo, but the President has acknowledged the U.S. will continue to press the Cuban government on areas of concern.
SBA Administrator Contreras-Sweet and colleagues from the State Department, Commerce Department’s Bureau of Industry and Security (BIS) and Treasury’s Office of Foreign Assets Control are hosting a conference call to discuss recent rule changes on Cuba. Find out how these recent changes can present opportunities for your business:
Date: July 29, 2015
Time: 4:00 – 5:00 p.m. ET
To discuss ways in which SJ&A can assist you in reaching new markets to expand in your current one, contact Sid Jaffe at Sid@sidjaffe.com or phone him at (703) 855-3160.