A group of lawmakers is urging President Biden to ease restrictions on Cuba that impact the island’s private sector.
Easing restrictions on trade and travel would “increase demand for U.S. commodities and make it easier for U.S. exporters to reach the Cuban market," the letter stated.
The aim is to promote the growth of Cuba’s small and medium-sized private enterprises, give them greater access to U.S. financial services and increase U.S. exports to the island. The letter included recommendations such as allowing transactions between U.S. financial institutions and Cuban banks that are determined to be “civilian-managed”; encourage Cuba’s government to end the requirement that all U.S. imports go through government channels; and publish specific regulations or guidance to support internet access in Cuba.
But the U.S. embargo can only be lifted by Congress, and lawmakers on both sides have long resisted to the idea, including Cuban American Sens. Marco Rubio, R-Fla, and Bob Menendez, D-N.J., who chairs the Senate Committee on Foreign Relations.that had been in place since the late 1960s, when the government nationalized all enterprises and banned private property.
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