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Final Rules to lift some of the Cuban sanctions

Final Rules to Lift Some of the Cuban Sanctions

Photo: www.depositphotos.com/peter77
Photo: www.depositphotos.com/peter77

The Office of Foreign Assets Control (OFAC) and the Bureau of Industry and Security (BIS) have issued Final Rules to lift some of the Cuban sanctions.

Not all amendments are listed below, but some of the amendments will allow for the following:

  • Cuban-origin pharmaceuticals
  • joint medical research between U.S. and Cuban parties
  • U.S. services to enhance the infrastructure of Cuba
  • importation of Cuban-origin merchandise for personal use
  • export authorization of certain consumer goods sold online in the U.S. for personal use in Cuba
  • import authorization of previously other country-origin exported items for repair
  • agricultural items authorized by BIS for export or re-export are not subject to restrictions on payment terms

“These amendments will create more opportunities for Cuban citizens to access American goods and services, further strengthening the ties between our two countries,” said U.S. Secretary of Commerce Penny Pritzker. “More commercial activity between the U.S. and Cuba benefits our people and our economies.”

These changes are intended to expand opportunities for scientific collaboration by authorizing certain transactions related to Cuban-origin pharmaceuticals and joint medical research; improve living conditions for Cubans by expanding existing authorizations for grants and humanitarian related services; increase people-to-people contact in Cuba by facilitating authorized travel and 2 commerce; facilitate safe travel between the United States and Cuba by authorizing civil aviation safety-related services; and bolster trade and commercial opportunities by expanding and streamlining authorizations relating to trade and commerce.
The Final Rule and other information can be found here.

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