"Cuban Vice Prime Minister Óscar Pérez-Oliva Fraga announced Monday a sweeping package of measures expanding the economic role of Cubans residing abroad that would allow them to own and invest in private business for the first time since the revolution, including the possibility of large-scale investments by foreign capital in key sectors of the economy, as well as the participation of Cubans residing abroad in the national financial system.
“We are not talking about specific businesses. The doors of our country are open to the participation of the Cuban community residing abroad,” Pérez told the Cuban news program Mesa Redonda in an interview.
Fernandez do Cossio said in his interview with Drop Site, that the scope of what is now being offered far exceeds what has been possible in the past. While it’s hard to imagine Costco or Starbucks on the island, he said that the freedom of political movement that would come from a lifting of the embargo would open up new possibilities in terms of economic and political reforms. Trump himself long ago registered the trademark for Trump Hotel Havana, according to Cuban government records, and a new agreement would pave the way for such a development.
Pérez, who also serves as minister of foreign trade and investment, said in his comments that Cuba was taking steps to reduce red tape for foreign investment and added that Cubans abroad would also be afforded the opportunity to invest in development projects and funds in Cuba.
The official said Cuba would welcome investment by U.S. firms but specified that it is U.S. law that does not permit this."









