Cuba Set To Recognize Private Property

(Havana) – Cuba is set to recognize private property under a new constitution, a first for the communist state. Property sales had been outlawed after Fidel Castro took power in 1959 but were allowed after a change in 2011. The new constitution is up for a vote in the national assembly later this month, followed by a popular referendum later in the year.

The changes could offer more protection for private and foreign investors. The proposed constitution also limits presidents to two five-year terms and bans discrimination based on gender, ethnicity or disability.

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