The head of the U.S. Chamber of Commerce said Wednesday that U.S. efforts to restore diplomatic ties with Cuba and ease curbs on trade presents American companies with “extraordinary opportunities” to boost business by selling everything from cars to computers.

Chamber president and CEO Thomas Donohue said President Barack Obama’s move last month to remake U.S.-Cuba relations was welcome after more than 50 years of failed interactions with the island nation 90 miles from Florida.