{"id":2760,"date":"2026-06-13T02:01:35","date_gmt":"2026-06-13T09:01:35","guid":{"rendered":"https:\/\/losangelesmovinginsider.com\/index.php\/2026\/06\/13\/diaz-canel-announces-economic-reforms-to-attract-investment-and-involve-cubans-abroad\/"},"modified":"2026-06-13T02:01:35","modified_gmt":"2026-06-13T09:01:35","slug":"diaz-canel-announces-economic-reforms-to-attract-investment-and-involve-cubans-abroad","status":"publish","type":"post","link":"https:\/\/losangelesmovinginsider.com\/index.php\/2026\/06\/13\/diaz-canel-announces-economic-reforms-to-attract-investment-and-involve-cubans-abroad\/","title":{"rendered":"D\u00edaz-Canel announces economic reforms to attract investment and involve Cubans abroad"},"content":{"rendered":"<div>\n<div>\n<p>HAVANA (AP) \u2014 Cuban President\u00a0Miguel D\u00edaz-Canel\u00a0on Friday announced a package of economic reforms aimed at attracting investment, expanding participation by Cubans living abroad in the economy and decentralizing parts of the country\u2019s administration.<\/p>\n<p>Read more <a href=\"https:\/\/losangelesmovinginsider.com\/index.php\/2026\/06\/13\/eu-agrees-to-launch-membership-talks-with-ukraine-next-week-even-as-war-with-russia-drags-on\/\">EU agrees to launch membership talks with Ukraine next week even as war with Russia drags on<\/a><\/p>\n<p>The president did not provide details about the measures or a timetable for their implementation but said during remarks to state media that it is now \u201ctime to change\u201d and that the country \u201csimply cannot continue on its current course.\u201d<\/p>\n<p>\u201cEvery opportunity in the midst of a crisis must be seized as a moment for takeoff, as a moment for growth,\u201d D\u00edaz-Canel said, according to a statement from the presidency that was republished by state-run media. \u201cWe have established a group of priorities to confront this situation,\u201d he added without offering specifics.<\/p>\n<p>The announcement comes as Cubans have struggled with fuel shortages as a result of the\u00a0U.S. oil blockade\u00a0and food insecurity. In January, the United States\u00a0tightened restrictions on Cuba\u2019s oil supplies\u00a0in an effort to pressure the island\u2019s government to change its political and economic model, exacerbating challenges that have persisted for about five years.<\/p>\n<p>The U.S. State Department had no comment on the D\u00edaz-Canel remarks and referred to the statement released Thursday\u00a0on the latest sanctions.<\/p>\n<p>D\u00edaz-Canel said officials are evaluating measures related to foreign trade, exports, supply chains and logistics. Without elaborating, he suggested the government could eliminate mandatory state intermediaries in import and export operations and grant tariff benefits to those who bring raw materials into the country for production.<\/p>\n<p>\u201cThe numbers don\u2019t add up, and the government wants to make this look like a matter of will rather than a math problem,\u201d Cuban economist Pedro Monreal wrote on X, in response to D\u00edaz-Canel\u2019s proposals.<\/p>\n<div>\n<\/div>\n<p>The Spain-based former UNESCO official went on to criticize the collapse of a centralized planning model, for which he said \u201cthere are two respectable alternatives: assume the political price of failure, or self-critically rectify and drastically transform the model.\u201d<\/p>\n<p>For decades, Cuba maintained a centralized, vertical system under strict state control. This structure\u00a0began to shift gradually\u00a0over the last decade when the government introduced permits for independent workers. More recently, the state authorized the operation of the country\u2019s first\u00a0small- and medium-sized private enterprises.<\/p>\n<p>Read more <a href=\"https:\/\/losangelesmovinginsider.com\/index.php\/2026\/06\/13\/home-where-king-planned-selma-voting-rights-marches-opens-at-michigan-museum\/\">Home where King planned Selma voting rights marches opens at Michigan museum<\/a><\/p>\n<p>Earlier Friday, a ship carrying nearly 100 tons of food and essential goods arrived from\u00a0Colombia\u00a0as part of the humanitarian aid that several countries have sent to\u00a0Cuba\u00a0in recent months as a U.S. energy embargo persists.<\/p>\n<p>The ship, which departed Cartagena in early June, crossed the Havana Bay channel early in the morning flying the Colombian flag and escorted by a small Cuban auxiliary vessel, The Associated Press confirmed.<\/p>\n<div>\n<\/div>\n<p>The Colombian Presidential Agency for International Cooperation said that, on orders of\u00a0President Gustavo Petro, the shipment included nonperishable food, medicine, hospital supplies, electrical materials, solar panels and other items.<\/p>\n<p>The ship also carried seven tons of goods collected by solidarity groups.<\/p>\n<p>Last weekend, another ship carrying 1,700 tons of essential goods from Mexico and Belize\u00a0arrived in Havana.<\/p>\n<p>In late January, U.S. President Donald Trump\u00a0threatened tariffs\u00a0on any country that sells or provides oil to Cuba. The move has deepened a preexisting crisis caused by U.S. sanctions. Washington is pressing the Cuban government to release political prisoners and move toward political and economic liberalization in return for a lifting of sanctions.<\/p>\n<p>Cuba produces only 40% of its oil, leaving the island semiparalyzed and subjected to\u00a0severe power outages.<\/p>\n<p><em>AP Diplomatic Writer Matthew Lee contributed to this report from Washington.<\/em><\/p>\n<p><em>Follow AP\u2019s coverage of Latin America and the Caribbean at <\/em><em>https:\/\/apnews.com\/hub\/latin-america<\/em><\/p>\n<p>Read more <a href=\"https:\/\/losangelesmovinginsider.com\/index.php\/2026\/06\/13\/seaweed-invasion-in-florida-is-more-than-annoying-it-carries-health-risks-too\/\">Seaweed invasion in Florida is more than annoying. It carries health risks too.<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The announcement comes amid a severe economic crisis with power outages and shortages.<\/p>\n","protected":false},"author":1,"featured_media":2759,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-2760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>D\u00edaz-Canel announces economic reforms to attract investment and involve Cubans abroad - Los Angeles Moving Insider<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/losangelesmovinginsider.com\/index.php\/2026\/06\/13\/diaz-canel-announces-economic-reforms-to-attract-investment-and-involve-cubans-abroad\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"D\u00edaz-Canel announces economic reforms to attract investment and involve Cubans abroad - 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