"Fraga said one way he plans on doing that is by having a more fluid commercial relationship with U.S. companies, as well as Cubans residing in the United States and their descendants; many of those descendants had family members flee the Caribbean island after the communist takeover in 1959."
"The government official said his plan is to build a dynamic business environment that revamps several sectors, from mining to tourism. This extends beyond the commercial sphere, he added. It also applies to investments not only small investments, but also large investments, particularly in infrastructure."
"Cuba has also admitted to holding secret meetings with the Trump administration, which The New York Times reported last week."
Cuba's deputy prime minister Oscar Perez-Oliva Fraga announced plans to open the Cuban economy to foreign investment from Cuban descendants living in the United States and other countries. The initiative aims to establish a more fluid commercial relationship with U.S. companies and diaspora investors whose families fled after the 1959 communist takeover. Fraga's economic revitalization strategy targets multiple sectors including mining, tourism, and infrastructure development, encompassing both small and large-scale investments. This policy shift comes amid ongoing discussions between Cuba and the Trump administration, following President Trump's recent comments about potential U.S. involvement in Cuba's economic future.
#cuba-economic-reform #foreign-investment #cuban-diaspora #us-cuba-relations #infrastructure-development
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