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Cuba to understand non-public assets below new constitution

Cuba to understand non-public assets below new constitution
15 July 2018 - 1:17 'was also added 203 Viewed.
The Cuban parliament in the first session under the new government of President Miguel Diaz-Canel, at the Convention Palace in Havana, on 2 June 2018 Image copyright AFP Image caption The New charter is predicted to be approved through the nationwide meeting subsequent week

Cuba will formally realize non-public assets for the first time under a new constitution that includes a number of far-attaining adjustments, state media say.

Property gross sales had been banned after Fidel Castro got here to power in 1959, but authorised after a law modification in 2011.

The communist-run state’s new constitution will reaffirm that crucial planning and state enterprise are key to the economy.

It is predicted to be authorized by means of a vote on the national meeting subsequent week.

The draft constitution would then be placed to a popular referendum for ultimate approval later this yr.

Image copyright Reuters Image caption Former President Raúl Castro will see during the deliberate reforms

The last constitutional reform in 2002 decreed that the socialist persona of the political gadget in Cuba was once “irrevocable”.

The purpose of the proposed reforms is to constitutionally formalise the island’s financial and social commencing-up even as maintaining this “irrevocable” socialist gadget.

President Miguel Díaz-Canel announced ultimate month that former President Raúl Castro will lead the possible reforms.

Mr Díaz-Canel took over from Mr Castro because the u . s .’s chief in April.

The Castro brothers, first Fidel and them Raul, ruled the rustic among 1959 and 2018.

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