By Peter Kent
If word out of Havana is to believed — relayed aggressively in recent weeks by Cuban diplomats and trade emissaries to major investors in financial centers around the world — a new day of investment opportunities is dawning in the cash-strapped communist state.
The sales pitch is driven by a set of new laws passed last month by the Cuban National Assembly.
The legislation provides for steep tax cuts and tax exemptions. There are a range of new guarantees of investment security.
In short, Cuba is open for business and safe for foreign investors.
Reality is at stark odds with the platitudes of the Cuban trade officials and diplomats. One example, of many:
Since September 10, 2011 a Canadian citizen, Cy Tokmakjian, President and CEO of the Tokmakjian Group of Companies, has been detained by Cuban authorities.