In this training program, attendees will learn from an established customs and international trade law expert about recent developments regarding U.S. laws and regulations addressing the expansion of trade, commerce and business opportunities in Cuba.
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 session 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, such as telecommunications, internet-based services, transportation/travel and tourism, export-import, legal services, educational activities, commercial and financial services, to name a few.
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 session 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, such as telecommunications, internet-based services, transportation/travel and tourism, export-import, legal services, educational activities, commercial and financial services, to name a few.
Areas Covered in the Webinar:
The revised Office of Foreign Asset Control (OFAC) and the Bureau of Industry and Security (BIS) Regulations and what they mean for:- Travel and tourism
- Telecommunications and internet-based services
- Commercial and financial transactions/services
- Establishment of physical operations and presences
- Exportation and importation of goods and information
- Remittances
- Legal services
- Personal importation of gifts
- Educational activities
- Building materials
- What companies are taking advantage of the revised regulations and what exceptions/general licenses they are using
- Learn exactly what the revised Office of Foreign Asset Control (OFAC) and the Bureau of Industry and Security (BIS) Regulations are and what they mean for business
Who Will Benefit:
Any U.S. business seeking to learn exactly what business can be done in Cuba, what the current restrictions are and how to take advantage of them, including:- US and Global Trade Compliance Professionals
- US Export Professionals
- Supply Chain Professionals
- Global Banking Professionals
- Freight Forwarders and Carriers
- Travel Service Providers and Tourism Industry Professionals
- Global Logistics Professionals
- International Sales Professionals
- Business Development Professionals
Course Provider
Jennifer Diaz,
