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U.S. Chamber of Commerce
Business groups cheer Obama's move to normalize Cuba relations
Business groups cheer Obama's move to normalize Cuba relations

President Obama's decision to start normalizing relations with Cuba gives American business a fresh opportunity on an island once known as a travel hub for the U.S. jet set. The policy changes, which may foreshadow the end of a half-century of gridlock, could benefit a litany of industries, chief among them banking, finance, technology and telecommunication. U.S. financial institutions will be able to open accounts at their Cuban counterparts. U.S. travelers can use their debit and credit cards, instead of stacks of cash. And businesses can expand their exports of software and telecommunication systems. Business groups cheered the changes. "We deeply believe that an open...

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