February 15, 2016
TRADE, THE WoT AND GOLF...:
The Obama administration has approved the first U.S. factory in Cuba in more than half a century (MICHAEL WEISSENSTEIN, 2/15/16, Associated Press)
The Obama administration has approved the first U.S. factory in Cuba in more than half a century, allowing a two-man company from Alabama to build a plant assembling as many as 1,000 small tractors a year for sale to private farmers in Cuba.The Treasury Department last week notified partners Horace Clemmons and Saul Berenthal that they can legally build tractors and other heavy equipment in a special economic zone started by the Cuban government to attract foreign investment.Cuban officials already have publicly and enthusiastically endorsed the project. The partners said they expect to be building tractors in Cuba by the first quarter of 2017.
Posted by Orrin Judd at February 15, 2016 11:20 AM