On Bauer Business Focus—A conversation on the impact of President Obama’s executive actions regarding Cuba with Houston Public Media News 88.7 Business Reporter Andrew Schneider.
The United States is charting a new course on Cuba as decades of isolation are now replaced by talks of opening up the country to Americans.
Dr. Laura Murillo, president and CEO of the Houston Hispanic Chamber of Commerce, recently stopped by Bauer Business Focus to discuss the impact President Obama’s order will have on the two million Cubans and Americans of Cuban descent who reside in the U.S.
“There will now be opportunities to fly in and out of Cuba on a more regular basis. Still some boxes that you’ll need to check off whether this is cultural, educational et cetera, but certainly will allow tourists to become much more integrated into Cuba,” Murillo said. “It also allows for Americans to send money to family members. That’s increasing from five hundred dollars all the way up to two thousand dollars per month.”
Murillo says another big change is that Americans will be able to use their debit and credit cards out in Cuba, but there are still several facets of the executive orders that remain off limits. There has to be a legitimate reason for the trip, not just a beach vacation. Also, off limits are some of the areas in importing and exporting.
“You won’t be seeing a Starbucks on every corner in Cuba. There are a lot of details that need to be worked out,” Murillo said. “Cuba relied heavily on Russia, Venezuela in the past, it’s looking now to the U.S. for investment but the details are still pending.”
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