As discussed two of my posts ago, Cuba was asking to be removed from the U.S. list of nations that sponsor terrorism. The label of sponsoring terrorism carries not only a stigma, but also significant economic repercussions. There are steep fines for American business that are caught dealing with countries on the list. After the Cuban embargo was lifted late last year, that was one of the last pieces of legislation stopping unhindered trade between the U.S. and Cuba. Obama has now announced his intentions to remove Cuba from the list. There is still time to go before Cuba is actually removed from the list though. There is a 45 day review period that must be allotted for the opposition to speak its side. Regardless, the situation is looking hopeful for Cuba. If the designation is lifted, embassy’s could also reopen in the country, assuming Cuba allows it.
Posted by PW