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Cuba Eases Vendor Rules Amidst Crisis
30 Jul
Summary
- Cuba has eased long-standing restrictions on private vendors and imports.
- Reforms allow for private import and resale of goods and medicines.
- The government removed 46 of 125 prohibitions on private industry.
In response to a deepening humanitarian crisis, Cuba on Wednesday enacted significant reforms easing long-standing government control over private vendors and imports. These measures, approved by parliament last month, permit the private import and resale of certain goods and medicines, a crucial step amid widespread shortages.
The reforms are a direct attempt to address critical medical and energy shortfalls plaguing the island. The government has removed 46 of the 125 prohibitions previously placed on private industry, alongside relaxing 35 other regulations. This move aims to mitigate the impact of the U.S. oil blockade, which has exacerbated blackouts and transport issues.
While many restrictions remain, particularly in strategic sectors like tobacco and media, the easing targets areas most affected by the current crisis. Private pharmacies will now be able to sell medicines, and new private care facilities for the elderly are being permitted. Additionally, importing electric vehicles and engaging foreign investors in the decaying oil sector are now easier.
