Caribbean News Now!

About Us Contact Us
Antigua Romance

Countries/Territories

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.

Contribute

Submit news and opinion for publication

Subscribe

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

Archives

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
Instagram



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

rodrigo_malmierca7.jpg
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: 3043







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




Back...

Comments:

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

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code



Please note that, if you are using an AT&T domain email address, e.g. att.net, bellsouth.net, sbcglobal.net, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T





Disclaimer
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: