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Bangkok Post
Bangkok Post
Business

Cuba authorises foreign investment in wholesale, retail

The announcement by Cuba's government seeks to address critical shortages of goods on the island

HAVANA - The Cuban government has announced it will allow foreign investment in domestic wholesale and retail trade for the first time in 60 years, in a move aimed at addressing critical shortages of goods.

The decision could also give a boost to local industry, all without relinquishing state control over foreign trade.

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