VOICED : Cuba: nueva Ley de Inversion Extranjera

The Cuban Parliament approved a new foreign investment law to replace the 1995 law by Fidel Castro. This law aims to attract fresh capital by offering tax benefits and ensuring non-expropriation of investments. Despite economic reforms by Raúl Castro, Cuba's economy remains stagnant, with investment deficits affecting sectors like agriculture. The law is crucial for Cuba, which has faced a US embargo for decades. The approval follows the opening of Mariel Port, built with Brazilian investors, aiming to become a regional logistics hub with an industrial free zone for foreign companies.

What challenges does Cuba face that the new law intends to address?

What is the significance of the port of Mariel in relation to the new law?