The agreement would see the lifting of some U.S. travel restrictions, fewer restrictions on remittances, U.S. banks' access to the Cuban financial system, and the reopening of the U.S. embassy in Havana and the Cuban embassy in Washington, which both closed in 1961 after the breakup of diplomatic relations as a result of Cuba's close alliance with the USSR.
Perjanjian tersebut akan menarik beberapa pembatasan kunjungan AS, mengurangi pembatasan terhadap remitansi, akses bank AS ke sistem keuangan Kuba, dan membuka kembali kedutaan besar AS di Havana dan kedutaan besar Kuba di Washington, yang keduanya ditutup pada 1961 setelah pemutusan hubungan diplomatik akibat aliansi dekat Kuba dengan USSR.