Legal environment of Business

Student’s Name Instructor’s Name Course Date Legal Environment of Business Question 1 The Americans are not allowed to export the auto parts to Cuba today because of the economic sanctions that were put in place during the cold war that prohibited any trade between the two countries. These sanctions have remained in effect up to date. However, there are intervention measures that were put in place in 2016 during president Barrack Obama's reign to ease the restrictions (“Fact Sheet”). The policy removed the trade barrier for the telecommunications devices, certain products, and software to organizations supporting the human rights and the agricultural commodities export from the United States to Cuba. The trade barriers against the importation of the auto parts are still yet to be lifted which means that Americans are not allowed to exports these auto parts to Cuba. Question 2 The executive action by the president of the United States can authorize the sale of the auto parts to Cuba by the American producers and exporters. The president has the authority to lift the economic embargo and allow the United States and Cuba to trade freely. For instance, a proportion of the Helms-Burton Act that prohibited foreign investors from investing in Cuban companies, formerly owned by American, was continually suspended by President Clinton until the end of his term (PBS NewsHour). In 2016, president Barrack Obama started the process of lifting the embargo with several accomplishments recorded during the period (Parlapiano). The only thing that was left unaccomplished is streamlining the whole process so the trade and travel between the two countries could be achieved successfully. That means that the executives can lift the embargo and facilitate the export of auto parts from United States to Cuba. Question 3 The Cuban market is almost opening up for almost every commodity from the United States. The policy first started by authorizing the telecommunication industry products exports to the market. This action was to pave the way for the opening up of the infrastructure and the...