Cuba: Ready For Business?
US airline JetBlue will begin scheduled services to Cuba on August 31st, marking the latest step in the normalization of relations between Cuba and the United States. Since President Barack Obama and his Cuban counterpart Raúl Castro announced in November 2014 the re-establishment of diplomatic relations after 54 years, the US government has announced the easing a number of restrictions relating to US companies doing business with and in Cuba and for US persons wishing to travel to Cuba. Critically, however, the US trade embargo and the restrictive Helms-Burton Act remain in place. Is Cuba ready for business?
In this report:
- What happens next?
- Cuba – New president, same system
- The risks and rewards for business