The White House announced new regulations Friday to further weaken the U.S. trade embargo on Cuba, easing restrictions on U.S. companies and encouraging more Americans to travel there.
The regulations loosen restrictions on trading software and allow certain authorized companies to establish subsidiaries with Cuba.
Treasury Secretary Jack Lew said the move “underscores the administration’s commitment to promote constructive change for the Cuban people.”
“These regulatory changes build on the revisions implemented earlier this year and will further ease sanctions related to travel, telecommunications and Internet-based services, business operations in Cuba, and remittances,” Mr. Lew said.
The rules also allow more passenger ships to transport tourists or goods to Cuba for international sports competitions.
President Obama has called for lifting all trade and travel restrictions with Cuba, but only Congress can reverse the embargo.
Last last year, Mr. Obama announced the restoration of diplomatic ties with Cuba after more than 50 years of separation. The two nations reopened embassies this summer.