Obama Greases Rails for U.S. Businesses to Operate in Cuba
Hundreds of Cubans and visitors from other countries gather across the street from the newly reopened U.S. Embassy to observe the flag-raising ceremony August 14, 2015 in Havana, Cuba.
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U.S. corporate executives will be able to travel more freely to Cuba under rules the Obama administration issued Friday that also allow easier exports of software and telecommunications equipment to the island nation.
Companies would be able to establish subsidiaries and more easily do business in Cuba under the regulations, which take effect Monday. The new rules will make Obama’s diplomatic overtures to Cuba more difficult for his successor to reverse, said John Kavulich, president of the U.S.-Cuba Trade and Economic Council.