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Cuba, U.S. hold 3rd Regulatory Dialogue

Featured Cuba, U.S. hold 3rd Regulatory Dialogue

Cuba and the United States on Thursday wrapped up their third Regulatory Dialogue in Havana which focused on economic trade, financial issues, and measures to ease the U.S. embargo against Cuba.

The meeting "analyzed the extent and impact of the changes introduced by Washington to modify some aspects of the embargo on the economic, trade and financial ties; and the constraints and remaining obstacles to its implementation," a release from the Cuban Ministry of Foreign Affairs said.

A brief statement of the U.S. State Department said on Wednesday that the "delegations discussed ways the two nations can work together within existing laws and regulations of the United States."

Established in October 2015, the Dialogue is a mechanism set by both countries to asses the roadmap towards the normalization of their bilateral relations which were restored on July 20, 2015.

A week ago, Cuban President Raul Castro complained before parliament that the island cannot yet use the U.S. dollar in international transactions, three months after his American counterpart announced it was allowed to use that currency in the world market.

The United states imposed an embargo against Cuba in 1960, forbidding exports and U.S. tourists to Cuba. The measure has strongly hurt the Cuban economy.

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