President Obama Announces New Trade Relations with Cuba

The big news this week for US businesses is the thawing of relations between the United States and Cuba. The bold step taken by President Obama came as a surprise to business community, but a welcome one. According to the New York Times:

“Within hours of President Obama’s historic move to restore full diplomatic relations with Cuba, companies in the United States were already developing strategies to introduce their products and services to a market they have not been in for the better part of 50 years — if ever.”

Listen below to part of Obama’s announcement to begin trading with Cuba.