1 month ago
Cuba Moves to Open Economy Amid U.S. Pressure Campaign
Cuba is making changes to let private businesses do more things.
The president said they won't sell big parts of the country to private owners.
They will let people use land, bring in fuel, and start private tourist companies.
They also made it easier for farmers and tourists.
These changes are to help the country when the U.S. has put many rules on Cuba.
President Miguel Diaz-Canel said reforms will not involve massive privatization.
Lawmakers approved 176 measures easing land use, fuel import, and private tourism.
First foreign investment venture to import and sell fuel authorized; about 200 businesses allowed wholesale fuel distribution.
New agriculture law streamlines state land use for Cubans and foreigners.
Private tourism and car rental restrictions eased; 10 measures to stimulate private investment.
- Who
- Cuban President Miguel Diaz-Canel and lawmakers
- What
- announced economic reforms to open key sectors to private industry
- Where
- Havana, Cuba
- When
- July 30, 2024
- Why
- to survive U.S. sanctions and economic pressure
Key facts
- Reform scope
- 176 measures
- Key sectors opened
- land use, fuel import, tourism, agriculture
- Fuel distribution businesses
- nearly 200
- President
- Miguel Diaz-Canel
- Date
- July 30, 2024
Quotes
Manuel Marrero Cruz
Prime Minister of Cuba
“We are not going to implement predatory capitalism or carry out a massive privatization of national assets, as some fear. There will be no, and this must be made very clear, privatization of healthcare, science, culture, or services that are strategic to the nation.”
theprint.in
“The results will be achieved gradually. Starting now, the most important, and perhaps the most difficult, stage begins.”
theprint.in
Sources
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