Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin
Instagram



News from the Caribbean:




Back To Today's News

Expansion of private sector to continue in Cuba
Published on July 18, 2017 Email To Friend    Print Version

raul_castro10.jpg
President Raul Castro

HAVANA, Cuba (ACN) -- Cuban President Raul Castro said on Friday in Havana that the country will continue developing the self-employment sector and experiment with non-agricultural and animal cooperatives.

During the closing of the plenary session of the Cuban Parliament, Castro told the deputies of the National Assembly that stigmas or prejudice will not be allowed towards the non-state sector. He also stressed that it is indispensable to respect laws, consolidate what has been developed, and fight against any illegalities in the new forms of management.

The Cuban president highlighted the positive aspects of the self-employed sector, which already comprises over half a million people, while non-agricultural and animal cooperatives amount to over 400,000, allowing the implementation and diversification of goods and services with acceptable quality levels.

However, Castro also condemned what he described as disorderliness in the non-state sector and the illicit use of raw materials and equipment, not paying taxes, along with insufficient state control at all levels.

He noted that at the last meeting of the Council of Ministers measures were approved and would be implemented to correct these shortcomings.

Castro pointed to an encouraging 1.1 percent growth in Cuba’s gross domestic product in the first half of this year but warned of financial tensions as well as fuel availability.

Among the most tangible results were the free education and health services and the improvement of the domestic monetary balance expressed in the prices of the products in the retailer store chain.

He said, though, that Cuba still has not been able to keep current with payments to suppliers, although committing the country to honour its past due accounts.

“This situation forces us to continue adopting the necessary measures to protect export earnings, guarantee food for the population and services, with the rational and efficient use of the available resources,” he said.

During another part of his speech, Castro also referred to the change of US policy towards Cuba announced by President Donald Trump last June 16, which "means a setback in bilateral relations".

He noted that the US administration had decided to reinforce the trade embargo through the imposition of new obstacles for its business sector to trade or invest in Cuba, as well as additional restrictions for US citizens to travel to the island, justifying these new measures "with an old and hostile rhetoric, typical of the Cold War".

He stressed that Trump does not realize the support of a broad sector of US society and the majority of Cuban émigrés in the country that are in favour of lifting the economic, commercial and financial embargo against Cuba and normalising ties with the island while the US president is only satisfying a reduced group of Cuban American voters in Florida.

“We reject the manipulation of the issue of human rights on Cuba. We are proud of our achievements and Cuba does not receive lessons from the US, or anyone else,” he said.

Castro reiterated that the island will continue dialogue and cooperation, in addition to negotiations on pending bilateral issues with the United States on the bases of equality and respect to Cuba's sovereignty and independence.

“Cuba and the United States can cooperate and live side by side respecting each other's differences and promote what is beneficial to both peoples,” he said.
 
Reads: 5733





Click here to receive daily news headlines from Caribbean News Now!




Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.






Other Headlines:



Regional Sports: