safety
Cuba’s Communist Party approves emergency economic plan opening to private enterprise
By Kevin Boulandier at WSVN 7 News
· June 18, 2026
· 2 min read
HAVANA (AP) — Cuba’s powerful Communist Party on Thursday approved an emergency economic package featuring unprecedented free-market measures aimed at opening up the struggling island’s economy as pressure from the U.S. and the European Union heightens. The document, which has not yet been made publ
Key takeaway The document, which has not yet been made public, will be submitted Thursday to Cuba’s National Assembly.
Why this matters in The Miami
The economic reforms in Cuba could have significant implications for Miami , given the city's large Cuban-American population and historical ties to the island. As Cuba opens up to private enterprise and seeks to attract foreign investment, including from Cubans abroad, Miami's business community may see new opportunities for trade and investment. The city's proximity to Cuba and its existing cultural and economic connections make it a natural hub for any increased exchange between the two. However, the ongoing tensions between the US and Cuban governments, as well as the sanctions imposed by the US, will likely continue to shape the relationship between Miami and Havana. The fact that the US has indicted Raúl Castro and sanctioned other high-ranking Cuban officials will also be a factor in how Miami's Cuban-American community responds to these reforms. As the situation unfolds, Miami will be watching closely to see how these changes play out.
About this story
Original reporting by WSVN 7 News . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit WSVN 7 News . Have a tip or correction? Contact our newsroom .
Category: safety ·
Published: June 18, 2026 ·
Source: WSVN 7 News ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? HAVANA (AP) — Cuba’s powerful Communist Party on Thursday approved an emergency economic package featuring unprecedented free-market measures aimed at opening up the struggling island’s economy as pressure from the U.S. and the European Union heightens. The document, which has not yet been made publ
When was this published? This article was first published on June 18, 2026 by WSVN 7 News and curated for The Miami readers.
Who reported this story? This story was reported by Kevin Boulandier at WSVN 7 News. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from The Miami, or browse our daily briefing and topic hubs .
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