Updated
Updated · Euronews · Jun 12
Cuba Opens Tourism to New Players in Broad Reform Push as US Sanctions Tighten
Updated
Updated · Euronews · Jun 12

Cuba Opens Tourism to New Players in Broad Reform Push as US Sanctions Tighten

3 articles · Updated · Euronews · Jun 12

Summary

  • Díaz-Canel said Cuba will let “new players” and “new modalities” use state-owned hotel capacity, a notable shift for a tourism sector battered since COVID and worsened by US sanctions.
  • The wider package also scraps state import companies’ intermediary role, eases vehicle imports and gives agriculture more direct access to inputs, foreign exchange and fewer bureaucratic hurdles.
  • He paired the market-opening steps with state changes, including plans to cut ministries and gradually replace universal subsidies with more targeted support for vulnerable groups.
  • The reforms still need review by Cuba’s political bodies in coming weeks, as Havana tries to revive an economy strained by fuel shortages, food insecurity and a long-running US embargo.

Insights

As Cuba woos investors, can any business survive the crossfire of escalating U.S. sanctions?
Are Cuba's sweeping economic reforms a real lifeline, or just a tactic to preserve one-party rule?