Cuba Sets Up Shop for Investors in New Duty-Free Port Zone The Nation
go to original October 28, 2013

HAVANA  - Cuba is setting up shop for foreign investors interested in getting in on its upgraded port in Mariel and a surrounding duty-free zone.

Oscar Perez, head of the government’s office of business evaluations, said a new office will open November 1 to handle foreign investment in the port’s so-called Special Development Zone.

With financing from Brazil, Cuba is in the process of expanding port facilities at Mariel to handle larger container ships moving to and from a widened Panama Canal. President Raul Castro and Brazilian counterpart Dilma Rousseff are to inaugurate the first phase of the expansion in January.

The new port will include an industrial park and duty-free zone that Cuban officials hope will be a boon to trade and spur domestic production.

Read the rest at The Nation

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