Wine Law

incorporated. Likewise, 104 completed projects have already changed their scope or are under negotiation are being withdrawn. Similarly, the investment amounts of 13 projects are adjusted, according to the results of their pre-feasibility studies, and the policy for the industrial sector is updated, emphasising the need to achieve productive linkages 26 . As for the MSZD, Cuba approved the installation of five new foreign companies in the zone, which already has 24 projects from 11 countries for a total investment amount of more than 966 million dollars. Among the new companies, two are Spanish: the Tot Color group, which will manufacture automotive paints, and the Iberostar chain, which formed a joint venture with a Cuban company to offer specialised logistics services to tourism. The Portuguese company Engimov will also begin operations on the island, to carry out design, engineering and construction activities. Completing the list, are the Brazilian Fidas do Brasil and the Panamanian Autocentro, both dedicated to logistics. The Opportunities Portfolio 2019-2020 has 460 projects, 47 of them in the MSZD, and an estimated investment amount of more than 11 million dollars. In addition to these potentialities, the government policy that prioritises technological research and innovation and basic infrastructure throughout the country – with communication networks, airports, ports that admit the docking of deep-draft ships, more than 95% of the national territory electrified and rail and road communication –, among other aspects, favour the effective installation of businesses in their different modalities. In a recent interview, the Cuban Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca Díaz, stated: “Other actions underway to facilitate these investment processes are the implementation of new rules to expedite the process of negotiation and approval, and the upcoming departure of the Single Window for Foreign Investment, in order to facilitate the management of entrepreneurs. The latter will comprise four stages or structures: identification and negotiations, establishment, investment process and operations” 27 . 26 Nueva Cartera de oportunidades de Inversión Extranjera de Cuba en Fihav 2018 , Granma, 31-10-2018. 27 Available at: http://www.granma.cu/cuba/2019-11-06/presentan-cartera-de-oportunidades-en-cuba-2019-2020- 06-11-2019-19-11-27. Moreover, in order to consolidate the implementation of the Single Window for Foreign Investment ( Vuinex ), so that any entity in the world can access and learn about the potential for business in Cuba, Decree No. 15 of 2020 came into force, which reflects the regulations of the Single Window for Foreign Investment. Published in Official Gazette No. 47, its objective is to establish the organisation and operation of Vuinex , a tool that aims to make investment modalities in Cuba more flexible and agile, with the premise of generating foreign exchange

RkJQdWJsaXNoZXIy NzgyNzEy