Arab Today, arab today overseas cubans to be allowed to invest in home country
Last Updated : GMT 03:54:17
Arab Today, arab today
Arab Today, arab today

Overseas Cubans to be allowed to invest in home country

Arab Today, arab today

Arab Today, arab today Overseas Cubans to be allowed to invest in home country

Havana - XINHUA

An updated investment law, which is pending approval by lawmakers on Saturday, would allow overseas Cubans to invest in their home country, an official said Friday. Under the new legislation, any natural or legal person with homes and capital abroad would be regarded as foreign investors, including Cuban citizens living abroad, Minister of Foreign Trade and Investment Rodrigo Malmierca told a parliamentary session. Malmierca added, however, that Cuba does not look for foreign investment from the U.S. city of Miami, where most of overseas Cubans live, although the new law wouldn't prohibit such investment. The official said the effort to attract foreign capital aims to diversify export markets, gain access to advanced technologies, and replace imports with a priority to reduce food imports which cost the island 2 billion U.S. dollars a year. The move would also help the island to achieve energy independence as foreign firms are encouraged to conduct oil exploration off Cuban coasts. He also said some sectors such as communications and news media would remain off-limits to foreign investors and private businesses. The draft law updates the current one enacted in November 1995, when the island first opened to foreign capital in post-revolution era.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today overseas cubans to be allowed to invest in home country Arab Today, arab today overseas cubans to be allowed to invest in home country

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today overseas cubans to be allowed to invest in home country Arab Today, arab today overseas cubans to be allowed to invest in home country

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday