Latest Move To Ease Cuba Trade Could Be Limit For Obama
Law360, Miami (January 27, 2016, 11:46 PM EST) -- With the recent ease of restrictions on extending export financing for nonagricultural products to Cuba, attorneys say President Barack Obama may be reaching the limit of what he can do to open up trade with the island nation without getting Congress to tackle the embargo.
On Tuesday, the U.S. government announced rule changes that expand the types of export financing available to potential sellers, who currently can only finance their transactions through cash-in-advance payments or through third-country means. The new rules will allow for financing through U.S. banks or through sales on an open account.
The looser financing rules do not...
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