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US Moves To Ease Cuba Embargo by okon11: 9:49am On Jan 18, 2015 |
The United States rolled out a sweeping set of measures on Thursday to ease the half-century-old embargo against Cuba, opening up the country to expanded travel, trade and financial activities, Voice of America reports. Defying hardline critics in Congress, President Barack Obama made good on a commitment he made a month ago to begin loosening some US economic sanctions against the communist-ruled island as part of an effort to end decades of hostility. The Treasury and Commerce Departments issued a package of new rules that will allow US exports of telecommunications, agricultural and construction equipment, permit expanded travel to Cuba and authorise some kinds of banking relations. Source: http://e reporter.com.ng/index.php/world-news/item/2618-us-moves-to-ease-cuba-embargo |
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