Still A Long Ways Off From Normal U.S. – Cuba Relations

By Clifford Hwang

President Obama’s partial normalization of relations with Cuba and his subsequent visit to Cuba has sparked great interest in the country by both the general public and businesses. Starwood, a U.S. hotel company, became one of the first U.S. businesses to negotiate a deal with the Cuban government since 1959, and other U.S. businesses similarly wish to do the same. While new rules allow businesses to enter Cuba, many restrictions remain in place and the uncertainty surrounding the rules are forcing businesses to take a more cautious approach to conducting business in this new market.