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Market
Level of engagement between Cuban entrepreneurs and US companies by end of 2024
4
Resolution / Starting Odds
High Engagement • 33%
Moderate Engagement • 33%
Low Engagement • 34%
Business transactions records or trade reports between US and Cuba
Story
Biden Administration's U.S. Treasury Amends Regulations to Support Cuban Entrepreneurs, Promote Internet Freedom
May 28, 2024, 01:23 PM
The Biden administration's U.S. Treasury Department has amended regulations to increase support for the Cuban people and independent private sector entrepreneurs. The new regulations authorize Cuban nationals to open, maintain, and remotely use U.S. bank accounts for authorized or exempt transactions. These updates aim to promote internet freedom in Cuba and create more economic opportunities, which are seen as critical ways to support the Cuban people's aspirations for economic and democratic freedoms. Additionally, the new definition of Cuban small entrepreneurs excludes Cuban government officials, Communist Party members, military officers, and lawmakers. These measures are expected to help stem irregular migration from the island by creating more economic opportunities. This is the first time Cuba’s private business owners will be able to use U.S. banks.
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Widespread adoption • 33%
Limited adoption • 33%
No adoption • 33%
Yes • 50%
No • 50%
Improved relations • 33%
Unchanged relations • 33%
Worsened relations • 33%
Significant improvement • 33%
Moderate improvement • 33%
No improvement • 33%
Deterioration of U.S.-Cuba relations • 33%
Improvement in U.S.-Cuba relations • 33%
No significant change in U.S.-Cuba relations • 34%
Improvement in relations • 33%
Deterioration in relations • 33%
No significant change • 33%
Increase in foreign investment • 33%
No significant change in foreign investment • 33%
Decrease in foreign investment • 34%
Deterioration of trade relations • 33%
Improvement of trade relations • 33%
No significant change in trade relations • 34%
