Article Image

IPFS News Link • Transportation

Cuba opens up sale of new, used vehicles

• http://www.autonews.com,

For the first time since the 1959 revolution, Cubans will have the right to buy new and used vehicles from the state without government permission, official media announced on Thursday, another step toward greater economic freedom on the communist-led island.

Under a reform introduced two years ago, Cubans can buy and sell used cars from each other, but must request authorization from the government to purchase a new vehicle or second-hand one, usually a relatively modern rental car, from State retailers.

The Communist Party newspaper, Granma, said the Council of Ministers approved new regulations on Wednesday that "eliminate existing mechanisms of approval for the purchase of motor vehicles from the state."


thelibertyadvisor.com/declare