WASHINGTON --The United States is expanding authorized exports to Cuba in the latest incremental steps to ease a Cold War-era trade ban on the communist-ruled island, the U.S. Treasury said Tuesday.
The rule changes, which go into effect January 27, will allow more U.S. exports related to disaster preparedness, education, agricultural production, food processing, public transportation and artistic endeavors.
Licenses for such exports that are deemed to be meeting the needs of the Cuban people will be granted on a case-by-case basis, the department said.
Also being removed are existing restrictions on payment and financing terms for authorized exports and re-exports to Cuba, except agricultural products and commodities, it said.
The United States is expanding authorized exports to Cuba in the latest incremental steps to ease a Cold War-era trade ban on the communist-ruled island, the U.S. Treasury said Tuesday.
The rule changes, which go into effect Wednesday, will allow more US exports related to disaster preparedness, education, agricultural production, food processing, public transportation and artistic endeavors.
Licenses for such exports that are deemed to be meeting the needs of the Cuban people will be granted on a case-by-case basis, the department said.
Also being removed are existing restrictions on payment and financing terms for authorized exports and re-exports to Cuba, except agricultural products and commodities.
Copyright Agence France-Presse, 2016
