Diaz-Canel Asserts Foreign Businessmen Are Legally Safe in Cuba

Diaz-Canel Asserts Foreign Businessmen Are Legally Safe in Cuba

Havana, May 8th – Cuban President Miguel Diaz-Canel has assured on Wednesday that foreign businessmen on the island have legal security guaranteed.’I had a meeting with foreign businessmen from the tourism sector who were attending the Tourism Fair,’ wrote the head of state in his Twitter account.

Their companies in the country have full legal security under Law 118 on Foreign Investment and Law 80 on the Reaffirmation of Cuban Dignity and Sovereignty,’ stressed Diaz-Canel in his message.

Cuba’s Minister of Foreign Trade and Investment, Rodrigo Malmierca, reported on Internet that Diaz-Canel welcomed the president of the Canadian company Sherrit, David Pathe. They agreed joint investments are moving along fine and rejected the blockade and Helms Burton law,’ Malmierca added in his message.

This Monday, the Minister of Industry, Commerce and Tourism of Spain, Maria Reyes, assured in Havana that Spain’s investments in Cuba have a present and a future.

‘We have activated the second countervalue fund of 375 million euros, the previous one was 40 million euros, and this is undoubtedly a good news,’ noted Reyes.

This capital will help Spanish businesspeople to continue working and doing investments in Cuba, the minister stressed.

This exchange encourages us to continue working from the government to strengthen trade and investment ties in the Caribbean nation, Reyes said.

Not only investments will be made in the tourism sector, but in strategic sectors such as transport and infrastructure, for example, Spain has leading companies for such efforts, she emphasized.

The business community reiterates its interest in investing in Cuba, therefore, there is a commitment by Spanish companies to keep working on different areas, Reyes added.

We have also made progress in the development of instruments to accompany the investment process and new projects are being evaluated,’ stressed the minister, who also rejected the activation of Title III of the US Helms Burton Law against Cuba.(Prensa Latina)

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