00:00Cuban President Miguel Díaz-Canel briefed the press on a series of economic measures in light of the country's current
00:06situation
00:07following the United States government's new measure.
00:10Díaz-Canel announced that the plan is to remove barriers so that the market can be stimulated by domestic production
00:16and exports.
00:17Furthermore, regarding autonomy among the municipalities in each province,
00:21he explained that each municipality will be able to import and export without needing approval from higher authorities,
00:27in addition to managing foreign exchange earnings and managing foreign investment,
00:33whether with companies or with Cuba resident abroad.
00:37Regarding the autonomy of the state-owned enterprises,
00:40he said that the goal is for them to operate without intermediaries,
00:45to be able to export and import bring in foreign currency and retain a portion of it for their production.
00:52They should be able to form economic partnership with other entities and choose their own customers and supplier.
00:59They also should be able to do everything they are capable of doing without restriction on their corporate purpose.
01:06And state-owned enterprises should be allowed to participate in the foreign exchange market.
01:11Finally, the president assured that prohibited activities will be limited
01:16so that private economic actors can add more goods and services to their portfolios.
01:21In this regard, he explained that micro-, small- and medium-sized enterprises,
01:25whose projects had stalled and had not been approved, will now be given the green light.
01:31The president also referred to streamlining the approval process for foreign investment
01:35without obstacles, with a legal framework that instills confidence in both Cubans and foreigners.
01:46The president
01:46You
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