Federal Government Policy and Business

U.S. Companies Consider the Possibilities of Cuban Trade

The Wall Street Journal (online registration required): The White House’s move to normalize ties with Cuba could give U.S. companies access to a market that’s been largely off-limits for more than a half century but has less commercial allure than it once did.

U.S. companies from General Motors Co. to agribusiness giant Cargill Inc. to furniture retailer Ethan Allen Interiors Inc. applauded the White House announcement on Wednesday of its move to restore diplomatic relations with Cuba and begin dismantling the embargo in place for 54 years. The effort includes steps to foster commerce between the countries, including authorizing some U.S. exports to Cuba, relaxing restrictions on financial transactions and lifting limits on remittances to the country.

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