Cuban Leaders Eye New Port As Economic Lifeline

The island nation's Communist authorities have high hopes that Mariel could become a strategic economic center — especially if the U.S. lifts its 51-year-old embargo and starts sending container ships south. Plans to overhaul the Port of Mariel began in 2009 when officials determined the country's main harbor in Havana is too shallow for bigger, deeper-draft "post-Panamax" vessels, which starting in 2015 will begin crossing through an expanded Panama Canal and carry an increasing share of regional cargo. During a recent visit by The Associated Press, orange-clad, helmeted workers in the port zone were building what looked like a large warehouse while trucks arrived loaded with construction materials. Simply swapping one port for another, however, won't be enough to right Cuba's rickety economy, which relies heavily on food and other imports while making most of its foreign income from tourism, nickel mining and the export of services such as tens of thousands of medical professionals. Authorities hope to attract foreign firms to invest and set up shop in the development zone, with a priority on industries such as food, biotech, renewable energy, packaging and telecommunications. At the port presentation at the Havana Trade Fair, some attendees expressed skepticism about rules prohibiting foreign companies from hiring employees directly, instead forcing them to contract with workers through a state-run employment agency.

Topics:  communist   u.s    plans   port   post-panamax   panama canal   the associated press   simply   cuba   authorities   havana trade fair   mariel   havana   at   economic   foreign   food   workers   zone   
BING NEWS:
  • House T&I Committee GOP leaders call on the White House to intervene in East and Gulf Coast port labor rift
    A letter sent this week from Republican Members of the House Transportation and Infrastructure Committee and the House of Representative to President Biden drove home the need for a resolution between ...
    09/20/2024 - 6:07 am | View Link
  • US economic toll of East Coast and Gulf port strike could be billions per day, trade expert warns
    National Association of Wholesaler-Distributors CEO Eric Hoplin suggests that the union is being "too unreasonable" as a potential strike could cost the U.S. economy billions.
    09/19/2024 - 11:00 pm | View Link
  • Officials look to Port of Little Rock expansion for economic growth for region
    More business, money and opportunities could be headed to Arkansas as officials discuss expanding an important layer of the state’s economy – the Port of Little Rock.
    09/17/2024 - 11:44 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News