Heads of US and Cuba hold historic meeting

US President Barack Obama and Cuban President Raúl Castro formally met at the Seventh Summit of the Americas in Panama City on 11 April. It was the first face-to-face meeting between executives of the two countries in nearly sixty years. Within days, President Obama recommended that congress remove Cuba from the State Department's list of state sponsors of terrorism. While the gesture serves as an important move towards diplomatic normalisation, it does little to open up Cuba's upstream sector.