One bright spot amid political instability across Latin America is the improving relations between the U.S. and Cuba. Last week, President Obama officially announced his intention to remove Cuba's State Sponsor of Terror designation, which has been in place since 1982. The former President of Peru, Alejandro Toledo, thinks the strengthening relations between the two nations is a positive sign: 'Now there is an opportunity for Cuba to strengthen its economy through tourism, trade and investment.' Though Toledo doesn’t think trade between other Latin American countries and Cuba will be negatively affected now that the U.S. is in the picture. TheStreet's Scott Gamm sat down with Toledo at the Americas Society/Council of Americas bureau in New York.