"We will formally announce tomorrow that the United States and Cuba have reached an agreement to re-establish formal diplomatic relations and open embassies in each other's capitals," the source said yesterday.
President Barack Obama is expected to publicly speak about the deal, which constitutes one of the major foreign policy achievements of his presidency.
Also Read
From the Bay of Pigs invasion to the Cuban Missile Crisis, antagonism across the narrow Straits of Florida often threatened to turn the Cold War hot.
But after 18 months of secret negotiations by aides, Obama and Cuban President Raul Castro agreed in December to restore relations.
The pair held a historic first meeting in Panama in April.
In May, the United States paved the way of rapprochement by taking Cuba off the list of state sponsors of terrorism.
Havana had vehemently protested its 1982 inclusion on the blacklist, which hampered its access to global markets.
Polls show a majority of Americans support Obama's efforts to improve ties.
But the island is still subject to a US trade embargo put in place in 1962, which Obama has called on Congress to lift. There is fierce opposition to lifting the embargo from Republican lawmakers.
In the meantime, other vestiges of ideological animosity are rapidly receding into history.
Travel and communications restrictions between the two countries have been eased.
An American orchestra has toured Cuba for the first time in decades, and Airbnb has even established a foothold on the Communist-ruled Caribbean Island.
The White House has said that a presidential visit is possible before Obama leaves office in 2017.
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
)