US and Cuba Trade Relationship

Heather Noggle   June 27, 2017   Comments Off on US and Cuba Trade Relationship

You had me at Scylla and Charybdis. What else could the US and Cuba trade relationship be but the best literary representation of a rock and a hard place?

In our last post, we made a few cocky predictions about the new Trump Administration’s Cuba policy. We correctly asserted that the President would try to chart a narrow course between the Scylla of conservative Cuban-American expectations for an outright return to the embargo and the Charybdis of U.S. interests (business, strategic, and cultural) in improving Cuban relations. But how did our more substantive predictions fare? Okay, it’s a little hard to tell from the President’s actual speech, which was not full of policy detail. Fortunately, there is the Department of Treasury, whose overworked, understaffed Office of Foreign Assets Control provided a helpful FAQ page, and the White House staff, who produced a fact sheet on the new policy. In any event, nothing is final until OFAC issues regulations to implement the new policy.

The article (well worth reading) contrasts the author’s predications against events that came to pass or are in progress.  Watch for new regulations as the real indicator of the predictions’ accuracy.

Source is http://www.globaltradelawblog.com.  The link to this post is in the paragraph above.