President Barack Obama moved on Wednesday to normalize diplomatic relations with Cuba, a shift the White House said was needed because the long-standing U.S. embargoagainst the communist-ruled island has failed to promote democracy and has hurt the Cuban people.Here are the key changes:DIPLOMATIC RELATIONS* The US will open an embassy in Havana.* During the next six months, Secretary of State John Kerry will review Cuba's designation as a state sponsor of terrorism.* US officials will hold high-level talks with Cuban counterparts on issues like migration, narcotics, environmental protections, human trafficking.* US officials will discuss maritime boundaries with Cuba and Mexico in the Gulf of Mexico.EXPANDED TRAVEL* More Americans will be allowed to travel to Cuba.* The overall travel ban can only be lifted by Congress, so tourism will not be allowed.* Travel licenses will be available for family visits, journalists, professional research and professional meetings, educational activities, religious activities, performances and athletic competitions, humanitarian projects, and certain export activities.TRADE* Trade will be authorized with Cuban private companies in building materials for private homes, goods for entrepreneurs, farm equipment for small farmers.* Licensed travelers can bring back $400 in Cuban goods, including up to $100 in tobacco and alcohol for personal use.* The overall trade ban can only be lifted by Congress.BANKING* US banks can open correspondent accounts at Cuban banks to help process authorized trade and remittances.* Rules defining "cash in advance" will be revised to mean "cash before transfer of title" to help finance trade with Cuba.* Travelers can use US credit and debit cards.* US-owned entities in other countries will be allowed to provide services to Cuban people who are outside of Cuba.* US bank accounts of Cuban nationals who have moved outside of Cuba will be unblocked.TELECOMMUNICATIONS* Export of telecom devices and services will be authorized.* Telecom providers will be allowed to provide commercial telecom and internet services.REMITTANCES* US citizens can sent up to $2,000 per quarter to Cuban nationals and humanitarian projects, up from $500. Licenses will no longer be required. 

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