Patricia Grogg and Ivet González
Inter Press Service
The new foreign investment law, approved unanimously by the legislature on March 29, invites foreign investors to operate in all sectors of Cuba’s planned economy, with a few exceptions.
Large new cooperative opens in Havana. The official view is that cooperatives are a more social form of production that private businesses and therefore will receive preferential treatment with respect to taxes and other fees. The government also is making credits available to cooperatives, credits denied private business owners.
[Moderator's Note: The translation below was sent from Cuba's Permanent Mission to the United Nations. The translation previously posted by Portside had many problems which is why we are re-posting. Below the English translation is the original in Spanish.]
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