US re­moves limit on Cuban cigars and drinks

7 Days in Dubai - - BUSINESS -

The Obama ad­min­is­tra­tion has an­nounced that it is elim­i­nat­ing a $100 limit on the value of Cuban rum and cigars that Amer­i­can trav­ellers can bring back from the is­land. It is also lift­ing lim­its on cargo ship travel between the US and Cuba and eas­ing US and Cuban re­searchers’ abil­ity to con­duct joint med­i­cal re­search. The mea­sures are con­tained in a new round of reg­u­la­tory changes meant to ease US trade with Cuba. The Obama ad­min­is­tra­tion has now made six sets of changes loos­en­ing the US trade em­bargo on Cuba in hopes that the nor­mal­i­sa­tion of re­la­tions with the is­land will not be re­versed by a fu­ture ad­min­is­tra­tion. Cuban rum and cigars will now be sub­ject to the same du­ties as al­co­hol and to­bacco from other coun­tries, mean­ing most trav­ellers will be able to bring back as many as 100 cigars. Be­cause high-end Cuban cigars can sell for more than $100 apiece out­side Cuba, US trav­ellers can now legally bring back many thou­sands of dol­lars of Cuban prod­ucts, po­ten­tially gen­er­at­ing hun­dreds of mil­lions of dol­lars in new an­nual rev­enue for the Cuban state.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.