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Cuba: Government launches new rules to protect state monopolies

By  |  September 29, 2013

New regulations were launched last week against allowing retailers in the nation to sell imported goods at prices lower than domestic ones in a motion to protect state monopolies just three years after the government allowed retail services to form.

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    The Communist-run nation has outlawed practices of individuals purchasing state-priced goods and reselling them at higher prices. But the new regulation would also ban the sale of imported goods at lower prices than what the state sets.

    Reports say Cubans appeared to disapprove of the new measure, though support the ban on reselling domestic product.

    The government launched the regulations back in July.

    Full Content: Reuters

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