In a statement, Obama said the directive lays out an official framework for continuing normalization aimed at making it "irreversible."
"This new directive consolidates and builds upon the changes we've already made, promotes transparency by being clear about our policy and intentions, and encourages further engagement between our countries and our people," Obama said.
The move makes normalization now federal policy even though Congress has not lifted the fifty-year-old US trade embargo on Cuba, according to senior administration officials who spoke to reporters in a conference call.
The changes could be reversed when a new administration takes office, they said, speaking on grounds of anonymity, but presidential directives generally remain in effect until further notice.
Treasury Secretary Jacob Lew said in a statement that the changes sought to break down economic barriers, allowing more personal contact among Cubans and Americans and private sector growth.
"These steps have the potential to accelerate constructive change and unlock greater economic opportunity for Cubans and Americans," Lew said.
The US Treasury and Commerce Departments today announced regulatory changes due to take effect on Monday which would allow joint medical research and funding, civil aviation and safety services, payments for travel by foreign nationals to and from Cuba, and some online sales to Cubans.
Foreign travelers will now also be permitted to import Cuban liquor and tobacco in their luggage for personal use.
"More commercial activity between the US and Cuba benefits our people and our economies," Commerce Secretary Penny Pritzker said in a statement.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
