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January 16, 2015 Volume 5, Issue I
Cuba: First Steps Toward Market Access A hot commodity in Havana WASHINGTON, DC -- Following President Obama's announcement last month that the U.S. would begin to re-engage in trade, travel, and diplomatic relations with Cuba,U.S. policy changes that alter previous travel and trade regulations were announced by the Treasury's Office of Foreign Assets Control (OFAC) yesterday and published today in the Federal Register. These changes go into effect immediately. On the trade front, OFAC announced that the interpretation of "cash in advance" would