Cuba unveiled regulations on Thursday aimed at attracting foreign investment, trade and tourism to the Caribbean island as it continues to adopt free-market reforms under heavy pressure from the U.S. and the resulting crippling economic crisis.
The country’s Gaceta, or national registry, published 34 pages of new rules and law changes that, at least on paper, make the island’s white-sand beaches, workers and real estate more accessible to foreign and national investors.
Reuters reports that the rule changes published Thursday follow an historic package of 176 reforms announced in June, measures widely considered to be the single largest change to Cuba’s socialist model since former leader Fidel Castro’s 1959 revolution.