North America Edition
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Tampa-based Florida Produce of Hillsborough County Inc. has been granted permission to open a warehouse facility in Cuba for the first time in 60 years.
Florida Produce representatives met with Cuban government officials at the Cuban Embassy in Washington on Monday where the company presented a proposal to establish its warehouse distribution facility in Cuba.
Under the guidelines of the initial regulations introduced in January 2015, firms that fall into one of 12 designated categories will be allowed to establish a physical presence in Cuba, employ Cuban nationals, open and maintain bank accounts in Cuba, and employ U.S. citizens to work in Cuba.
The Florida Produce facility is expected to store food, drinking water, liquor, telecommunications equipment, building equipment, restaurant equipment and agricultural equipment. It will also serve as a physical location, which will enable the direct transfer of title and goods once paid, as permitted under the newly expanded guidelines.
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