Cuba’s open doors don’t mean open for business
President Obama’s announcement regarding normalizing diplomatic relations with Cuba also had a few economic goodies.
Travelers to Cuba can bring back up to $400 worth of goods to the U.S. … but only $100 worth of tobacco and cigars.
Telecom companies can export more to Cuba, in an effort to open the country up to the outside world, and agricultural exports were made easier thanks to an easing of financing restrictions — but the embargo is still in place, and full-blown business opportunities are largely years away.
Click play above to hear more about Cuba’s business impact
Stories You Might Like
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
