Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

Second round of US-Cuba regulatory talks begin in Washington
Published on February 18, 2016 Email To Friend    Print Version

Cuban Minister of Foreign Trade and Investment, Rodrigo Malmierca (C) speaks in Washington, DC

HAVANA, Cuba (ACN) -- The United States and Cuba on Wednesday began in Washington their second round of regulatory talks, a mechanism to make progress in commercial ties in line with the executive measures of President Barack Obama aimed at modifying the trade embargo imposed on the island.

Prensa Latina reported from the US capital that, since the decision of the two governments in December 2014 to begin the process towards normalization of relations, Obama has announced a number of actions that make the embargo more flexible, after recognizing the need to end it.

In the light of the complex web of laws and decisions that make up the embargo, Washington and Havana agreed to hold such meetings, the first of which took place in Havana in October, in the context of the trip to Cuba of US Secretary of Commerce Penny Pritzker.

The resumption of the regulatory dialogue in Washington is chaired by Pritzker herself and Cuban minister of foreign trade and investment, Rodrigo Malmierca, who is on a working visit of four days until Thursday, heading a delegation of executives and businessmen from the island.

According to the hosts, the meetings scheduled through Thursday will allow the Departments of Commerce, Treasury and State to explain the changes announced by Obama last month and the business opportunities for US companies in Cuba in the new scenario.

This second dialogue is another opportunity to better understand how the two governments and economies can work together, Pritzker said in a communiqué.

On January 26, the Obama administration announced financial measures and on exports and travel, with emphasis on the possibility of granting credits to Cuba.

It is expected that the visiting delegation will explain on Wednesday the characteristics of its economy, particularly with regard to the importation of goods and services and financial transactions.

“We come humbly to understand each other better and see how to concrete operations can be done,” Malmierca said on Tuesday, when along with his accompanying delegation he was visited the US Chamber of Commerce, where he talked with leaders and businessmen.

The minister acknowledged the regulatory measures by Obama, but reiterated that the existence of the embargo is the main obstacle to progress in bilateral ties.

Cuba insists that the current US administration can do more by way of executive orders to reduce the impact of the embargo.

Also, the vice-president for the Americas of the US Chamber of Commerce, Jodi Bond, and former secretary of commerce, Carlos Gutierrez, pointed out the obstacle the embargo represents for bonds between the two nations.

Gutierrez, who chairs the US-Cuba Business Council, told Prensa Latina that US companies interested in doing business with the island should demand Congress to end the sanctions, which were made law in 1996.

The more companies are interested in Cuba, the more influence will be exercised on Capitol Hill, he underlined.
Reads: 3861

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.

Other Headlines:

Regional Sports: