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The Crude Economy

Cuba’s open doors don’t mean open for business

Dec 18, 2014
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The Crude Economy

Cuba’s open doors don’t mean open for business

Dec 18, 2014
HTML EMBED:
COPY

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

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