VOICED : Cuba: nueva Ley de Inversion Extranjera

The Cuban Parliament approved a new foreign investment law to replace the 1995 law by Fidel Castro. This law aims to attract fresh capital by offering tax benefits and ensuring non-expropriation of investments. Despite economic reforms by Raúl Castro, Cuba's economy remains stagnant, with investment deficits affecting sectors like agriculture. The law is crucial for Cuba, which has faced a US embargo for decades. The approval follows the opening of Mariel Port, built with Brazilian investors, aiming to become a regional logistics hub with an industrial free zone for foreign companies.

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