This webinar training will focus on policy changes and the opportunities for business development and growth in Cuba. The US Department of Treasury, Office of Foreign Assets Control (OFAC) and the US Department of Commerce, Bureau of Industry and Security (BIS) respectively amended the Cuban Assets Control Regulations (CACR) and the Export Administration Regulations (EAR) to further ease the US embargo against Cuba and authorize certain business activities with Cuba in targeted sectors. This training will focus on these areas of change.
This is the second major round of amendments in the past year to the CACR and Cuba-specific provisions of the EAR with the first OFAC and BIS action taking place in January 2015,. According to a Treasury Department fact sheet, the Obama Administration is “further delivering on the new direction toward US relations with Cuba that President Obama laid out last December.”
This webcast will focus on the amendments and the intentional reduction for the need for specific licensing for activities in certain sectors that the Administration has targeted for sanctions relief, including telecommunications, internet-based services, transportation/travel, and others. However, even with these developments, however, the Cuban sanctions regime remains highly complex and onerous, and cannot be fully lifted without action by Congress. This webcast will take a deeper dive into the regulations and to help understand how these policy changes may create opportunities for business growth.
Why Should You Attend:
On September 18, 2015, the US Department of Treasury, Office of Foreign Assets Control (OFAC) and the US Department of Commerce, Bureau of Industry and Security (BIS) respectively amended the Cuban Assets Control Regulations (CACR) and the Export Administration Regulations (EAR) to further ease the US embargo against Cuba and authorize certain business activities with Cuba in targeted sectors.This is the second major round of amendments in the past year to the CACR and Cuba-specific provisions of the EAR with the first OFAC and BIS action taking place in January 2015,. According to a Treasury Department fact sheet, the Obama Administration is “further delivering on the new direction toward US relations with Cuba that President Obama laid out last December.”
This webcast will focus on the amendments and the intentional reduction for the need for specific licensing for activities in certain sectors that the Administration has targeted for sanctions relief, including telecommunications, internet-based services, transportation/travel, and others. However, even with these developments, however, the Cuban sanctions regime remains highly complex and onerous, and cannot be fully lifted without action by Congress. This webcast will take a deeper dive into the regulations and to help understand how these policy changes may create opportunities for business growth.
Areas Covered in the Webinar:
- CACR and BIS Amendments
- Establishing a Business Presence in Cuba
- Travel to/from Cuba
- Telecommunications and Internet-Based Services
- Remittances and Legal Services
- Other Areas of Relief
Who Will Benefit:
- US and Global Trade Compliance Professionals
- US Export Professionals
- Supply Chain Professionals
- Freight Forwarders and Carriers
- International Sales Professionals
- Business Development Professionals
Course Provider
Suzanne Bullitt,
