Departmental agencies of the U.S. government today released for publication in the Federal Register final rules concerning trade with Cuba.
A final rule released by the Treasury Department’s Office of Foreign Assets Control (OFAC) amends the Cuban assets control regulations that, among other items, are intended to facilitate travel to Cuba for authorized purposes, expand the range of authorized financial transactions, and authorize additional business and physical presence in Cuba.
The final rule [PDF 213 KB] also implements certain technical and conforming changes.
A related final rule released by the Commerce Department’s Bureau of Industry and Security (BIS) allows vessels departing the United States, on temporary sojourn to Cuba with cargo for other destinations, to travel to Cuba under a license exception rather than having to obtain a license for the cargo bound for the other destinations to transit Cuba.
The final rule (PDF 204 KB) adopts a licensing policy for a case-by-case review for exports and re-exports of items that would enable or facilitate export of items produced by the private sector in Cuba, subject to certain limitations.
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