Rule changes by President Obama Administration will pave the road for leading Global American companies to enter Cuba. The changes in amendments released by USA Treasury permit exporting of all social networking sites like Face book, chat and e-mail software like GTalk to Embargo countries like Iran, Sudan and Cuba. Investors feel that the Cuban economy will benefit the most due to the high level of education in Cuban population.
USA Treasury Department adjusted the trade sanctions against Iran, Sudan and Cuba to allow the export of leading edge social media and other Web-related technologies that could assist and bridge the work of world wide human rights bloggers especially in Cuba.
Present blockade restrictions don't allow companies to selling their technology and other goods to populations located in sanctioned countries. U.S. Investors believe Web-based technologies such msm messaging, skype, chat and blogging software like Google's Blogger, could open a new opportunity for human rights activists in those poor countries to work with the help of other activists all over the globe.
US Treasury changes were implemented to ensure that individuals in sanctioned countries can “express their universal human rights to free speech & provide shared information to the greatest number of people ” according to an announcement from the united States Treasury.
The Obama administration has a deep commitment to the universal human rights of all the world's people the issuance of these open licenses will allow easier communications between families & freinds in Iran, Sudan and Cuba to use the Internet to communicate with each other and with the outside world according to US. Deputy Treasury Secretary Neal Wolin.
Recent videos from Cuba have proven that personal Internet-based communications such as Gmail, GTalk messaging and Blogger social networking sites are powerful applications. Proof of this is the growing fame of Cuban Human Rights Blogger Celia Sanchez of GererationY.
United States Treasury Department's Office of Foreign Assets Control released the amendments to the Cuban Assets Control Regulations thus paving the way for American companies like Google to now enter Cuba. Fidel Castro and his brother Raul Castro have both welcomed the news as it is another small step in the right direction to mending Cuban-USA relations. Fidel even joked that he and Raul keep texting each other in between meetings.
New permissions now authorize exports originating from inside the United States to people of Cuba for software related to the collection sharing & distribution of personal messages and information over the Internet, including website surfing, setting up blogs, e-mail programs, text messaging, real time chat and social networking sites according to the united states Treasury. The new laws released today also allow specific licenses to be issued on a case-by-case approval for the export of all social media technology used to exchange and distribute information over the Internet that was not previously protected by the Cuban general licenses.
The current US Treasury sanction regulations against Cuba were also adjusted to allow similar approvals for the export of website services to Cuba. The export of goods and high tech technology, including software applications to Cuba is separately licensed under the United States e-Commerce Department, according to U.S.Treasury.
Google Executives are pleased with the news that the US government is supporting people to people initiatives that involve Human inter personal exchanges. This is a start in the right direction with the hope of improved relations between the two countries it may be possible to see a Google Campus in Havana some day soon.
CUBAN INVESTMENTS
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