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Role of Cubans living in Italy in their country’s economy boosted

Rome, Jul 23 (Prensa Latina) A meeting was held at the Cuban Embassy in Italy regarding new opportunities for Cuban nationals residing abroad to participate in the island's economic and social development, according to a statement released today.

The debate was attended by the Cuban ambassador, Jorge Luis Cepero; Minister-Counselor Inalvis Bonachea (in charge of Economic and Commercial Affairs); the consuls in Rome and Milan, Arasay D’Angelo and Jose Luis Darias, respectively; and a large number of Cubans living in the country.

The meeting aimed at deeply assessing the current mechanisms facilitating the active contribution of Cuban nationals living abroad to Cuba’s economic priorities, as well as ways to strengthen ties with the homeland and the new migration regulations.

The head of the Cuban diplomatic mission addressed the hard situation the country is facing due to the intensification of the economic, financial, and commercial blockade imposed by the United States for over six decades, and the severe impact of new unilateral coercive measures implemented by the Donald Trump administration.

For her part, Bonachea discussed the new Foreign Investment Law, which—among other measures—enables Cubans residing abroad to invest in private enterprises in Cuba and partner with economic actors, as part of a package of measures aligned with the updating of the economic model.

The discussion also covered the new migration status for investors and businesspeople, designed for Cubans participating in any of the national economic sectors.

D’Angelo and Darias highlighted that these provisions offer broad guarantees for the economic participation of Cubans residing elsewhere in the world, while also affirming the role of consulates in guiding and facilitating these processes, acting as bridges between the community abroad and national institutions.

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