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GEORGIA TRADE WITH CUBA August 11, 2015. OVERVIEW OF RECENT POLICY CHANGES ► Telecommunications ► Consumer Communication Devices ► Financial Services.

Published byGyles Lee Modified over 9 years ago

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Presentation on theme: "GEORGIA TRADE WITH CUBA August 11, 2015. OVERVIEW OF RECENT POLICY CHANGES ► Telecommunications ► Consumer Communication Devices ► Financial Services."— Presentation transcript:

1 GEORGIA TRADE WITH CUBA August 11, 2015

2 OVERVIEW OF RECENT POLICY CHANGES ► Telecommunications ► Consumer Communication Devices ► Financial Services ► “Cash in Advance” Definition ► License Application Review Policies

3 U.S. EXPORTS TO CUBA Source: Global Trade Information Service (GTIS), Global Trade Atlas

4 GEORGIA EXPORTS TO CUBA Source: Global Trade Information Service (GTIS), Global Trade Atlas

5 GEORGIA POULTRY EXPORTS TO CUBA Source: FAS Agricultural Export Data

6 FUTURE TRADE WITH CUBA ► Revisions / additions to permissible exports ► Support for the Cuban People ► Embargo remains in place, pending legislative action ► Third party payment provisions remain unclear ► One correspondent banking relationship established ► U.S. banks hesitant to engage ► “Cash in Advance” ► “Cash before transfer of title to, and control of” export items

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