Feb. 26, 2016—The U.S. Department of Commerce (DOC) has expanded the list of products and services that U.S. companies can export to Cuba.
The new rules will allow U.S. companies to sell products related to disaster preparedness, education, agricultural production, food processing and public transportation, as well as artistic endeavors, such as film production and historic preservation.
Such exports, the agency said, will be granted on a case-by-case basis and must “meet the needs of the Cuban people.”
Existing restrictions on payment and financing terms for authorized exports and re-exports to Cuba, except agricultural products and commodities, have also been lifted, the DOC said. Previously such trade had to be paid for by cash in advance or financed through third-country banks.
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