Aimed at transforming and revitalizing foreign investment, new legal regulations governing Cuba’s foreign trade have been approved and officially published in the Official Gazette of the Republic.
These regulations align directly with the implementation of the economic and social transformations recently approved by the Cuban Parliament.
During a press conference, Deputy Minister of Foreign Trade and Foreign Investment Déborah Rivas stated that these public policies demonstrate that the island is an open door to the world, offering a wide spectrum of business opportunities.
She emphasized that, under the newly established reforms for this sector, all legal entities authorized to engage in foreign trade may now do so directly—a framework that explicitly incorporates Cubans residing abroad.
To conduct foreign trade operations, companies must possess an approved trade nomenclature. To streamline this process, the online single-window system remains active, allowing interested parties to access it globally or from any province within the national territory.
Rivas also noted another recently enacted provision: Decree-Law 128/2026, amending Law 114, which eliminates the mandatory requirement to hire workers through state-designated employment agencies, leaving this option entirely to the investor's discretion.
The deputy minister highlighted that steady progress is being made in implementing the nation's economic and social reforms toward a primary objective: driving economic development for the benefit of the population.
Cuba’s Ministry of Foreign Trade was among the first entities to announce measures aimed at energizing the sector back in November 2025, reforms that continue to be executed in an efficient and sustained manner.
(Taken from Prensa Latina)
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