President Obama on his way to Cuba - WPSD Local 6: Your news, weather, and sports authority

President Obama on his way to Cuba

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WASHINGTON (AP) -

President Obama and his family are on their way to Cuba, along with nearly 40 U.S. lawmakers and almost a dozen CEOs.
    
The White House says eight U.S. senators and 31 members of the House are joining the president for the historic trip.
    
The CEOs of Xerox, Marriott, PayPal and other U.S. companies are also traveling to Cuba. So is an executive from CleBer, which has been approved to open the first U.S. factory in Cuba since the 1959 revolution.
    
The White House made arrangements for an additional plane to accommodate intense congressional interest in the trip. But a few lawmakers managed to hop a ride on Air Force One.
    
While in Cuba, Obama plans to meet with local entrepreneurs to shine a spotlight on Cuba's nascent private-sector economy. A number of U.S. companies are announcing plans to start operations on the island.

Cuba's minister of foreign trade and investment is calling on U.S. President Obama to extend measures easing the U.S. embargo.
    
The Obama administration recently announced it was making it easier for U.S. companies to do business with Cuba's budding private sector and also telecommunications concerns.
    
But Foreign Trade minister Rodrigo Malmierca notes that state-run enterprises still control most of the Cuban economy.
    
Malmierca on Sunday acknowledged that Washington has made significant policy changes such as ending a prohibition on Cuban financial transactions passing through U.S. banks.
    
But he said their true effect will have to be judged in results going forward. Cuba's minister of foreign trade and investment is calling on U.S. President Obama to extend measures easing the U.S. embargo. The Obama administration recently announced it was making it easier for U.S. companies to do business with Cuba's budding private sector and also telecommunications concerns. But the foreign trade minister, Rodrigo Malmierca, notes that state-run enterprises still control most of the Cuban economy.
 

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