Friday, July 6, 2012

Cuba's foreign investment law will be amended

A mid-level official announced at a conference in Havana that the foreign investment law will be revised by the end of the year. 

The party’s lineamientos, the economic policy blueprint, call for more foreign investment, but no new policies have yet been put in place to that effect.  This article doesn’t explain why or in which ways the law will be amended.  So it remains unclear whether Cuba will increase foreign investment by accepting proposals now on the table, or by changing its policies to make the investment climate more attractive. 

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