{"id":14608,"date":"2026-06-12T19:31:47","date_gmt":"2026-06-12T19:31:47","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=14608"},"modified":"2026-06-12T19:31:47","modified_gmt":"2026-06-12T19:31:47","slug":"diaz-canel-announces-economic-reforms-to-attract-investment-and-involve-cubans-abroad","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=14608","title":{"rendered":"D\u00edaz-Canel announces economic reforms to attract investment and involve Cubans abroad"},"content":{"rendered":"
\n

By ANDREA RODR\u00cdGUEZ<\/strong><\/p>\n

HAVANA (AP) \u2014 Cuban President Miguel D\u00edaz-Canel on Friday announced a package of economic reforms aimed at attracting investment, expanding participation by Cubans living abroad in the economy and decentralizing parts of the country\u2019s administration.<\/p>\n

Read more EU agrees to launch membership talks with Ukraine next week even as war with Russia drags on<\/a><\/p>\n

The president did not provide details about the measures or a timetable for their implementation but said during remarks to state media that it is now \u201ctime to change\u201d and that the country \u201csimply cannot continue on its current course.\u201d<\/p>\n

\u201cEvery opportunity in the midst of a crisis must be seized as a moment for takeoff, as a moment for growth,\u201d D\u00edaz-Canel said, according to a statement from the presidency that was republished by state-run media. \u201cWe have established a group of priorities to confront this situation,\u201d he added without offering specifics.<\/p>\n

The announcement comes as Cubans have struggled with fuel shortages as a result of the U.S. oil blockade and food insecurity. In January, the United States tightened restrictions on Cuba\u2019s oil supplies in an effort to pressure the island\u2019s government to change its political and economic model, exacerbating challenges that have persisted for about five years.<\/p>\n

D\u00edaz-Canel said officials are evaluating measures related to foreign trade, exports, supply chains and logistics. Without elaborating, he suggested the government could eliminate mandatory state intermediaries in import and export operations and grant tariff benefits to those who bring raw materials into the country for production.<\/p>\n

Earlier Friday, a ship carrying nearly 100 tons of food and essential goods arrived from Colombia as part of the humanitarian aid that several countries have sent to Cuba in recent months as a U.S. energy embargo persists.<\/p>\n

The ship, which departed Cartagena in early June, crossed the Havana Bay channel early in the morning flying the Colombian flag and escorted by a small Cuban auxiliary vessel, The Associated Press confirmed.<\/p>\n

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\n<\/div>\n

The Colombian Presidential Agency for International Cooperation said that, on orders of President Gustavo Petro, the shipment included nonperishable food, medicine, hospital supplies, electrical materials, solar panels and other items.<\/p>\n

The ship also carried seven tons of goods collected by solidarity groups.<\/p>\n

Last weekend, another ship carrying 1,700 tons of essential goods from Mexico and Belize arrived in Havana.<\/p>\n

In late January, U.S. President Donald Trump threatened tariffs on any country that sells or provides oil to Cuba. The move has deepened a preexisting crisis caused by U.S. sanctions. Washington is pressing the Cuban government to release political prisoners and move toward political and economic liberalization in return for a lifting of sanctions.<\/p>\n

\n<\/div>\n

Cuba produces only 40% of its oil, leaving the island semiparalyzed and subjected to severe power outages.<\/p>\n

Follow AP\u2019s coverage of Latin America and the Caribbean at <\/em>https:\/\/apnews.com\/hub\/latin-america<\/em><\/p>\n

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