Cuba ready for first free-trade manufacturing zone

Havana, April 3 (IANS) Cuba has unveiled rules for its first free-trade manufacturing zone in the Mariel megaport outside Havana.

The Mariel Special Development Zone, which is being developed with mostly Brazilian financing, will house manufacturing plants that make products for both domestic and international markets, reported Xinhua.

A decree published in the Government Gazette details regulations for the area and its operations, including customs fees and tax exemptions for certain imported goods which are to be exported with more added value.

Brazil’s Odebrecht company is building most of the infrastructure of the $900 million Mariel port project, with 70 percent of the money coming from Brazil.

Part of the port is expected to begin operating this month, though it is not immediately clear when the manufacturing zone will be up and running.

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