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Thomas Donohue: Cuba Should Push Economic Reforms to Attract Investors, Boost US Relations

1 min read
Tom Donohue

Thomas DonohueU.S. Chamber of Commerce President Thomas Donohue has highlighted economic reform efforts in Cuba to drive investment growth and boost the country’s relations with the U.S., Reuters reported Thursday.

“The more Cuba can do to demonstrate its commitment to reform, and the more it can do to address and resolve disputes in our relations, the better the prospects will be for changes in U.S. policy,” Donohue said at a conference, according to the report.

Capitalism and market-oriented policies were also discussed during the University of Havana forum as Cuba seeks to attract up to $2.5 billion in annual foreign direct investments, Daniel Trotta writes.

The conference, which was attended by Cuban Foreign Investment Minister Rodrigo Malmierca, government officials and university students, was part of a three-day visit to the country by a delegation that also includes representatives of some U.S. companies.

Trotta writes that Donohue also met with Cuban President Raul Castro, who has recently been working to drive reforms in the business and agriculture sectors.

“We hope these changes continue and urge that they be expanded. Businesses throughout the global economy will respond,” Donohue said.

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