New Rules Will Make it Easier to do Business in Cuba

The Obama Administration continued to bring down trade barriers between the United States and Cuba on Friday, as the Treasury and Commerce Department announced the easing of several regulations, according to a report in the Associated Press.

The changes will, “simplify procedures for tourism, telephone and Internet investments, and money transfers to Cuba,” according to the report, and will take affect on Monday.

The moves come just weeks after the United States and Cuba reopened embassies in each others’ capitals, and during a year in which travel and other business restrictions have been lifted by President Obama. It will take an act of Congress, however, to lift a wider embargo on trade between the U.S. and Cuba.

On Thursday, the No. 1 U.S. wireless carrier Verizon said it would begin to offer roaming wireless service in Cuba next week.