US Secretary of Commerce visited Havana, Cuba

Posted: 07-Oct-15 15:35

The US Secretary of Commerce travelled to Havana yesterday for a two-day visit to speak about normalizing relations between Cuba and the USA.

US Secretary of Commerce visited Havana, Cuba

Penny Pritzker, the US Secretary of Commerce, travelled to Havana yesterday. During her time in Cuba she will be focusing on meeting with members of the Cuban government and speaking about issues related to the process of normalising the relationship between these two countries.

During her visit to Cuba, Pritzker will also act as a co-chair for the bilateral regulatory dialogue, during which representatives of the Treasury and Commerce will describe the new travel rules.

A discussion of the new financial and trade transactions – which takes into account the recent measures that have been taken – is also on the agenda. Pritzker will be meeting with the Cuban trade and foreign ministers in order to discuss the embargo. This is the second trip that a member of the USA administration to Cuba has taken in less than three months. These talks are very important for the future of Cuba's relationships with the USA.

Since the USA and Cuba made history last year by announcing that they would be restoring relations, President Barack Obama has pushed strongly for the restrictions to be removed. He faces a lot of opposition from the Republican majority currently in the US Congress.

Penny Pritzker has had a fascinating career as a businesswoman, entrepreneur and civic leader and she is the founder of Pritzker Realty Group and PSP Capital Partners. She was nominated as the US Secretary of Commerce by President Barack Obama on May 2 of 2013.

She is the most senior American official to visit Cuba, since John Kerry Secretary of State visited Havana to re-open the embassy in July. Shortly after landing in Havana, Pritzker visited to the Special Enterprise Zone, which is an area that has been developed in the vicinity of the Mariel Port in order to encourage foreign investment.

In recent weeks a lot of changes have been announced that will encourage trade between US companies and Cuba, even with the embargo still in place. American companies will no longer be breaking the law for setting up their businesses in Cuba – according to US authorities.


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