Last week the White House, the Office of Foreign Asset Control (OFAC) and the Commerce Department released updated regulations further opening up U.S. economic and diplomatic relations with Cuba. As part of this package, OFAC and the Commerce Department have updated their Cuba Asset Control Regulations (CACR) and Export Administration Regulations (EAR) to open up U.S. further open up U.S. economic relations with Cuba in infrastructure, shipping and contingent contracting. In addition, through a presidential directive, the president has directed U.S. executive agencies to further policies that increase economic and diplomatic relations with the Cuban government within the restrictions still in place due to the embargo.
A copy of the proposed regulations, which will be submitted into the Federal Register on October 17, is available below:
In addition, a copy of the Presidential Directive to executive agencies can be found here. For more information on NAEGA efforts to advance U.S. economic ties with Cuba through the U.S. Agricultural Coalition for Cuba, please click here.