Business & Economy

Cuba Authorizes a US Company to Open Assembly Plant

Cuban authorities authorized for the first time a US company to set up shop in the Special Development Zone of Mariel, located about 40 kilometers west of Havana. Nonetheless, for Cleber tractor company to begin to operate a tractor factory in Cuba, it still must receive approval by the United States Treasury Department.

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US Asks Cuba for Greater Freedom in Private Sector

US Commerce Secretary Penny Pritzger said today in Havana that the impact had by the United States’ measures to weaken the embargo, “will be dependent on the Cuban government also taking certain steps to update its regulatory system and reform the economy in ways that support the continued development of a Cuban private sector.”

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