A Special Tabloid, published by Granma, hit the newsstands today with the provisions of Law No. 118 of the Foreign Investment passed in the National Assembly of the People’s Power on March 29.
This material will be available on newsstands and post offices in the country at the price of 20 cents. On the same day the said Act is published in the Official Gazette of the Republic at its special edition number 20, which also shows its Regulations and a set of additional rules.
As reported , from these legal rules the conditions to begin to implement that Act are created at the time of its entry into force , which will occur 90 days after approval by the Cuban Parliament. This legislative body supports the decision to conceive foreign investment as a source of development, activities that are of interest to the country, and in certain sectors and economic activities that are considered active and essential elements, corresponding to the projections of economic and social development in the short, medium and long term.
Taken from AIN
