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Weekly Report - 10 December 2015 (WR-15-49)
CUBA: Compensation talks get underway
US and Cuban officials have held an initial round of talks on competing compensation claims for economic losses suffered on both sides since the Cuban Revolution and the imposition of the US trade embargo on Cuba. These negotiations will be a critical element in the bilateral efforts to restore full diplomatic relations between the two countries. The process will take years, extending well beyond the end of President Barack Obama’s term in January 2017, and is expected to require legal and regulatory changes in both countries. Despite the years of emotive rhetoric from Cuban-Americans, the US government is quite clear that this issue is at its core a legal-technical matter and will not hinder the diplomatic rapprochement process, but rather complement it.
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