CUBANET ... CUBANEWS

June 5, 2001



S. Florida residents tour Cuba industries

By Vanessa Bauzá. Havana Bureau. The Sun-Sentinel. Posted June 5 2001.

HAVANA · A group of Cuban-Americans in favor of dropping the embargo against their homeland said Monday they hoped their visit sets an example for other Cuban-Americans interested in becoming involved in developing Cuba's economy.

"It's a very ironic situation for you to be told by a foreign government that you can't participate in the economic life of the country where you were born," said Elena Freyre, executive director of the nonprofit Cuban American Defense League and one of 14 Miami-Dade County residents visiting the island. "Our No.1 purpose is to get Cuban-Americans involved in normalizing relations. Our plan is to continue to do this and maybe make it a yearly event."

Last Wednesday, a delegation of 14 Cuban academics and business officials traveled to Miami for panel discussions on the Cuban economy and the legal rights of investors.

Freyre said the Cuban delegates toured Miami Beach and Calle Ocho, the traditional hub of the Cuban-American community.

The visit was reciprocated by the Cuban-Americans interested in investment opportunities, who arrived in Cuba on Saturday and toured several businesses in and outside Havana, including a medical supplies factory, a bank, the former Hershey sugar mill and a gas plant.

"The most important thing, from my point of view, is to lift the embargo and level the playing field," said Jose Fernandez, an investor who was born in Cuba and lives in Miami Beach. "After the embargo the work begins. But without lifting it our hands are tied."

Later this week in an unrelated event, about 50 American business executives will gather in Havana for the fifth annual U.S. Cuba Business Summit to discuss post-embargo investment opportunities on the communist island. The executives will meet with Cuban officials and policy-makers, as well as several international executives already doing business in Cuba.

Vanessa Bauzá can be reached at vmbauza1@yahoo.com.

Copyright © 2001, South Florida Sun-Sentinel

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