The Obama administration on Friday announced it’s lifting a limit on Cuban cigars and rum brought into the country by Americans travelers returning home.
Effective Monday, U.S. citizens will no longer be restricted to returning with $100 or less in Cuban cigars and rum as the result of new amendments unveiled by the Treasury Department this week as the White House continues on its path toward normalizing relations with its Caribbean neighbor.
Accompanied by new rules pertaining to bilateral medical research and other scientific endeavors, the latest measures come less than two years after President Obama began announced plans to repair a relationship that has witnessed decades of disputes, sanctions and embargoes.
“President Obama’s historic announcement in December 2014 charted a new course for a stronger, more open U.S.-Cuba relationship,” Treasury Secretary Jacob Lew said in a statement. “The Treasury Department has worked to break down economic barriers in areas such as travel, trade and commerce, banking and telecommunications.” – READ MORE
