Cuba recognizes the role of the market and private property – News

The constitutional reform predicts that the economic system maintains "socialist property" as a principle, but recognizes "new forms of ownership"

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Cuba will recognize the role of the market and private property in its economic management model in the Soviet style, but without altering the "irreversibility" of the Socialist state, reported Saturday (14)

The debate on the proposal to reform the Cuban Constitution will be one of the most expected next Saturday. The session of the National Assembly will also announce the restructuring of the new Cabinet of Ministers that will accompany President Miguel Díaz-Canel in the next five years.

"The economic system … maintains as essential principles the socialist property of all persons, … to which is added the recognition of the role of the market and new forms of ownership, including private property" said Granma, the Communist Party newspaper, in an article entitled "Vision for the present and the future of

Cuban Communist Party leader Raul Castro has been leading a commission since June that is preparing the document that aims to to update the text of the Constitution, adopted in 1976 during the Cold War, although amended in 2002 to decree socialism as "irrevocable" on the island.

The former president Castro, 87 years , first announced the need to amend the constitution in 2011 after focusing on a series of eco – reforms with greater openness to foreign investment and small business. private.

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