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
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
