Cuba for the first time in 60 years

According to the Chilean economic website reported on August 16, Cuba has allowed foreign capital to enter the domestic trade market for the first time in more than 60 years.

According to the report, the Cuban government plans to allow some foreign investment to enter the local wholesale and retail trade, which is the first time that Fidel Castro has led the Cuban Revolution in 1959. Anna Treyta Gonzaarez, the first deputy minister of the Ministry of Foreign Trade and Foreign Trade, said in a TV program on the evening of the 15th that foreign investors will first be allowed to owe local wholesalers or enter the market through joint ventures. She said that she should not look at the various measures announced in isolation, but should be regarded as a decision to guide Cuba from the complex economic situation and gradually move forward. It is reported that the retail industry will be more restricted, but it also opens the door for some companies in the field.

▲ Information picture: Customers who lined up in front of a shop in Cuba Havana. (Reuters)

The reform will allow foreign entities to invest in warehousing and "back -end" logistics business supplied to state -owned and private companies, such as supporting the country's efforts to boost the low -efficiency retail industry.

Gonzalez also said that Cuba will "selectively" allow some foreign investors to enter the retail market, as long as these investment helps achieve the country's economic goals and reduce prices.

On the 16th, the Minister of Economic Planning of Cuba Alex Handro Hill commented on Twitter: "In view of the strict restrictions we face, foreign investment in wholesale and retail trade will be expanded and diversified under national supervision to provide the public with The goods will help the recovery of the country. "

Domestic Trade Minister Bozi Dias Berlask said that Cuba will maintain its dominant position in the retail industry, but will allow some public and private joint ventures to enter the market.

"We will give priority to companies staying in Cuba and provide them with these business suggestions," Bellask said.

After experiencing the dilemma caused by the new crowns and the US comprehensive sanctions that hinder its recovery, Cuba is trying to redefine its economy through various measures.

It is reported that the purchase of goods should be lined up, fuel shortage, and frequent power outages, which has prompted the Cuban authorities to accelerate the pace of reforming the national economic plan.

Gonzalez and Bellask said in the same show on the evening of the 16th that the goal of this reform is to enable more raw materials and products to reach the hands of Cuban producers and consumers.

Source: Reference message

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