Cuba’s open doors don’t mean open for business
Share Now on:
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
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?