U.S. Chamber Hails Moves to Ease Trade, Travel with Cuba

Thursday, January 15, 2015 - 5:00pm

‘Today’s Moves Will Unleash the Power of Free Enterprise to Improve the Lives of the Cuban People,” Brilliant Says

WASHINGTON, D.C.— U.S. Chamber of Commerce Executive Vice President and Head of International Affairs Myron Brilliant today issued the following statement regarding the administration’s announcement of changes to U.S. regulations relating to trade and travel with Cuba:

“Today’s moves will unleash the power of free enterprise to improve the lives of the Cuban people. These new measures will make it simpler for Americans to travel to the island and do business with Cuban citizens. They will also allow U.S. citizens and companies to support the growth of private enterprise in Cuba through business and entrepreneurial training.

“However, for these regulatory changes to be truly meaningful, it is incumbent on the Cuban government to make important changes as well. Cuba should allow U.S. companies to trade directly with the emerging Cuban private sector, continue market-oriented reforms to allow greater clarity for foreign investment, and take measures to increase the flow of information and communication—the lifeblood of a modern economy.

“Having long advocated for an end to the economic embargo on Cuba, the U.S. Chamber looks forward to working with the U.S. Congress and other key stakeholders to fully realize the potential of our bilateral economic relationship.”

International trade and investment are key components of the Chamber’s 2015 American Jobs, Growth, and Opportunity Agenda, an ambitious plan to help revitalize the American economy, create jobs, spur growth, and lift incomes.

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 70 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.