According to the document released, the changes that take effect on January 27, amend funding and payment systems of authorized trade exchange from the United States, airport and travel operations.
The measures implemented by the CACR seeks to make some regulations more flexible, specially those related to the restrictions imposed as conditions of payment and financing of the authorized US exports to Cuba, including US products produced in a third country.
It also includes amendments made to the regulations established by CACR in providing security and air transport services, blocked space and temporary lease arrangements.
Since July 8, 1963, 53 years ago, the US Departments of Treasury and Commerce issued the Cuban Assets Control Regulations to allow the implementation of the economic, commercial and financial blockade against Cuba, which until now caused losses of about $121 billion USD to the economy of the island.
Cuba and the United States reestablished diplomatic relations on July 20, after more than half a century of isolation imposed by Washington.
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