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| US President Barack Obama (R) and Cuban President Raul Castro shake hands at the start of their meeting at the United Nations General Assembly in New York Sept. 29, 2015. Photo Credit: Reuters |
President Obama is the first US President visiting Cuba since 1928. During his 3-day visit to Cuba starting Monday, Obama will told talks with Cuban President Raul Castro, meet with Cuban businesses, deliver a live speech on Cuba’s national TV, and attend a friendly baseball match between American Tampa Bay Rays team and Cuba’ national team.
Washington and Havana have had a number of positive moves to prepare for the visit. The US has eased travel restrictions on Cuban citizens and allowed Havana to access American financial organizations and eased the use of the USD in transactions in Cuba. Cuba decided to remove the 10% penalty levied on the USD in currency exchanges.
The US President’s visit to Cuba is a step forward in removing barriers between the two countries, paving the way for trade cooperation and relation normalization. Their businesses have signed contracts on telecommunications and opening flights. The biggest obstacle is the US’s economic sanctions imposed on Cuba over the past 54 years. President Obama’s request to lift the embargo has been obstructed by Republican senators.

