(Jun. 30th) New opportunities for investment and trade between Italy and Cuba Cuban Deputy Minister of Foreign Trade Ileana Nunez Mordoche, which is actually on tour in the main European capitals to promote foreign investment, has illustrated the new prospects. At the Farnesina, the Deputy Ministry unveiled the new foreign investment law that is aimed at attracting assets and enabling investment protection from expropriation, the opportunity to invest in joint ventures and foreign-owned enterprises, the tax benefits for foreign investors, the possibility of re-export the profits with the aim of ensuring the entrance of assets in the Island, for a total of 2-2.5 billion a year. “We are ready to support Cuba efforts – said Luigi Marras, Director General for Globalization and Global Issues of the Ministry of Foreign Affairs – On the occasion of the Italian Presidency of the EU, our country will continue to support negotiations already ongoing.” “The visit of the Deputy Minister – added Marras – is the first step toward new collaborations between the two Countries, which will be also strengthened by the visit of Foreign Minister Federica Mogherini, to Cuba next October.”
