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ARTICLE · 21 JANUARY 2015

Easing The Cuban Embargo: Automotive Industry Unlikely To Realize Any Immediate Benefit

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The president's recent announcement of plans to ease the 54-year old embargo of Cuba engendered great excitement and anticipation on the part of U.S. companies eager to do business in Cuba.

CubaTransport
Lauren Valiente
Lauren Valiente
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The president's recent announcement of plans to ease the 54-year old embargo of Cuba engendered great excitement and anticipation on the part of U.S. companies eager to do business in Cuba. However, although these proposed changes are expected to create business opportunities in several key sectors, the automotive industry is unlikely to realize any immediate benefit. Current law prohibits the export of automobiles and auto parts to Cuba, and the president's announcement included no proposal to ease or change that law. However, although there appear to be no immediate opportunities in Cuba for the American automotive industry, this situation is fluid and opportunities may arise in the future.

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