5/17/2012

FACEBOOK IN CUBA

Mark Zuckerberg, founder and CEO of Facebook
Mark Zuckerberg, founder and CEO of Facebook (Photo credit: Wikipedia)

CUBA INVEST IN FACEBOOK IPO

Facebook IPO has attracted a lot of interest from Cuba Investment funds and other high risk investors that are always hunting for the next big investment strategy.  Hard to believe that some wealthy Cuban based in Miami and Havana have set their investment strategy on grabbing a small piece of the Facebook investment pie now that the shares are publicly traded.  Cubans in Havana declined to be interviewed however they did state that off the record there are no laws baring Cubans in the USA Europe or even Havana from investing in publicly traded companies especially high profile Internet companies like Facebook IPO.
Facebook logo
Facebook logo (Photo credit: Wikipedia)
These wealthy Havana Cubans have also invested in Google & Apple stock thanks mainly to their iPhone that does indeed function in Cuba as well as Miami.  Their Cuba investment strategy is to invest in Long term low risk investments in Cuba and the best way to do that today is through IPO like the Facebook IPO and invest on the brains of young social network kingpin Mark Zuckerberg who estimates that there are over 2 Million Cuban users on Facebook today who live both in and out of Cuba. Thats a huge market that an investor cannot ignore while investing in Cuba and the Facebook IPO



CUBA FACEBOOK INTERNET CELL PHONES
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Cuba Investment Opportunities



Cuba Mutual Funds - Investments in Cuba - Cuba Investment Guide

 HOW TO INVEST IN CUBA LIST


Cuba has become the forbidden fruit of the mutual funds and investment funds industry. International investors can now invest directly in Cuba Mutual funds and Cuba investment via a variety of strategic  long term investments in Cuba.

1. Cuba Mutual Funds

On the New York Stock exchange the Herzfield Caribbean Basin Fund under the Stock symbol NYSE: CUBA  is publicly traded as a Cuba mutual fund but beware as it has very little direct investment in Cuba. Once the embargo lifts this fund will be a top performing Cuba mutual fund.

2. Cuba Forex Trading

Cuba currency trading on Forex exchanges are not really available in today's investment arena however you can buy & sell Cuban debt in European markets. They are risky cheap and can be very profitable after the embargo lifts.

3. Cuba Investment Funds

Cuba does not have many companies to invest directly in however there are a few foreign investment funds that specialize in Cuba investments. The main low risk investments in Cuba are via CIEBA investments a Jersey offshore investment company that is listing in the TSE. The fund has the top management with expert foreign investors that live in Havana and have done business with Cuba for over 15 years.

4. Cuba Investment Company


Many Publicly traded companies do business in Cuba with a few that are over 90% Cuba investments. Stock companies that you can invest in are Leisure Canada for Cuba real estate, Melia group for hotels, Repsol & Petrobras for oil & Gas, York Medical for Cancer Drugs, and the best Cuba investment is the Canadian company Sherritt International listed on the TSE under the symbol "S" which is by far the biggest, most experienced and most successful foreign company in Cuba with investments in Oil, Gas, Hotels & real estate.

Cuba Property Investments
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5/11/2012

CUBA INVESTMENT OPPORTUNITIES

Invest In Cuba Mutual Funds for Resort Development

INVEST IN CUBA

Opportunities  to Invest in the Cuban economy can be made in the Cuban real estate market by investing in shares other foreign Publicly traded stocks that like a Cuba Mutual fund only easier to liquidate in case of you need quick access to your funds.

To Invest in Cuba many early investors took huge risk by investing money in Cuba during the early years of Cuba's so called “economic miracle" hoping for huge risk related returns. Foreign Cuba Mutual Funds invested because the fund managers know that it’s important to be early into this kind of high rick emerging market investment. In many historical investing countries by the time TV, Newspapers and magazines are full of stories about a new opportunity, the real huge cash has usually been made by Mutual Fund Investments.

CUBA MUTUAL FUNDS

It seems like proper to invest in Cuba now that the Pope has been to Cuba, and 85 year old Fidel Castro is out of the picture for good replaced by his younger 82 year old brother Raul Castro. With the American opening their Cuba policy now seems to be the perfect time to Invest in Cuba and examine your Cuba Investment Strategy and plan how to profit from a free and open-market Cuba just a stone's throw from America.

You can’t guaranteed that your Cuban investment opportunities will be profitable however there is potential of massive profits available in lower risk areas such as Cuban real estate funds, Cuban mutual funds, Cuban Forex investments and other more stable Cuba investment strategies that are currently unavailable to most foreign investors. In fact one day soon you may be able to buy your favorite Cuba investment opportunities on the New York Stock Exchange under the symbols "C.U.B.A"



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5/03/2012

INVESTMENT IN CUBA

Havana Hotel Investment In Varadero Cuba By American Investors

AMERICAN HOTEL INVESTMENT IN CUBA
The Cuba investment opportunities of the last sixty years of the 20th century shows that the deregulation of the Cuban economy and of American Hotel investment process was zero and did not bring about any communications between American Investors interests and those of international foreign investors. Economic policies and strategies were required yet not supported by adequate instruments to implement them that would better guide the investment flows.

Investments in main productions and basic services  such as communications, power generation, oil refining were carried out by foreign companies. Banking system were controlled by U.S. and English investment banks. The best lands were in the hands of sugar and cattle corporations from the United States, and Cuba controlled 75% of Cuban foreign trade. A few years later, the American companies displaced the companies from other countries, and 95% of the accumulated foreign investment corresponded to American interests.The majority of the Cuba economic control of society went hand in hand with political control. 1950 facilities were created with the purpose of undertaking a  resort and casino tourist development  with financing and credits that were granted with international and national financial resources to encourage foreign companies to build hotels on the best beaches of Havana, Varadero and Cuba

OLD INVESTMENT IN CUBA
In 1959 foreign investments in Cuba came to an abrupt end thanks to Fidel Castro and the Cuban revolution. Foreign companies were nationalized and agreements were signed with almost all countries whose enterprises or citizens had been affected with the purpose of granting due compensation. Although the Cuban government proposed a plan to compensate the U.S. companies and citizens, Cuba found it impossible to discuss a solution with U.S. administrations who refused to negotiate and have forbidden the affected American investors and individuals to negotiate directly with Cuba. One of the most famous hotels to be confiscated was the Hotel National De Cuba.

In the 1990's Cuba changed direction again when the first joint venture was created between a Cuban enterprise and a Spanish company with the purpose of building a chain of luxury hotels on the best beaches of Cuba in the tourist resort of Varadero on the basis of Decree-Law No. 50 of 1982. Many  foreign investors suspected that the Melia hotels were owned indirectly by Fidel Castro.

The change in Cuban investments attitude started a huge growth wave of investment in resorts and hotels from 1991 to 1999, foreign investment was accelerated as the most important investment for Cuban authorities to recover from the serious impact to the Cuban economy caused by the loss of Russian investment and the economic links with other Socialist countries in the framework of the Council of Mutual Economic Aid (COMECON). The economic loss resulted in the loss of 35% of Cuba's GDP in the first three years of the nineties with strong economic and social effects. In 1998  to 2001 foreign investment expanded and more resorts  and hotel deals were signed with important partners in new tourism sectors.

Fidel Castro stepped down and Raul Castro opened the flood gates of Foreign Investments into Cuba as investors from 46 countries operate in almost 400 ventures in 32 sectors of the Cuban economy; 52 % of those investors are from European Union countries: 24% from Spain, almost 15% from Italy, 4% from France, 3.5% from the United Kingdom. Tourism, Oil and Gas, Mining,Energy and Telecoms are the main sectors of investment. Thus, foreign direct investment, focused on the search for new external markets, competitive technologies and financing  has played an important role in the country's economic recovery.
Invest In Cuban Beach Front Property Near Havana Varadero Cuba

CUBA BEST LOCATION FOR INVESTORS

Cuba is located in a region whose share of virgin investment beaches in terms of world investment is rapidly growing as top international hotel groups look at Cuba for future developments. This, together with Cuban beaches potential and North American integration process, makes hundreds of business people contact the Cuban Economic Development And Investment Office of the Cuban Embassy in Havana in search of information about investment opportunities in the Cuban beaches and resort hotel and real estate sectors.

Foreign investment is not associated to a privatization process in Cuba; it is rather focused on specific objectives that focus on Cuban development opportunities that are important to offer much higher investment returns for foreign capital involvement.

In 2003, the National Assembly of the People's Power (Cuba's Parliament) approved a number of foreign investment amendments to the Constitution of the Republic of Cuba with a view to allowing real estate ownership for private investors and joint ventures were legalized and  defined.
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4/23/2012

INVEST IN CUBA

Investments in Havana Cuba now open
CUBA INVESTMENTS
Before Fidel Castro revolution of 1959,  Cuba embraced capitalism and issued more investments in stocks and bonds for commerce and infrastructure than any other country in the world including the USA. Now Cuba has unfortunately defaulted on its last issued bonds and are not traded on the NYSE or New York Bond Exchange due to the American Embargo law, better know as the Helms Burton Law.  However now that Cuban President Raul Castro has begun to open the Cuban investment opportunities, many investors are once again looking for big changes in Cuba. Most smart investors are looking for opportunities to invest in Cuba to maximize their growth from increasing GDP and business within Cuba. American President Obama Administration is also planning a new fresh look at USA-Cuba relations similar to the recently announced new look at USA-Iran relations. A welcome move by Cuba by allowing the complete release of political prisoners, pluralism, true democratic process and monitored secret ballot voting will be reciprocated by positive efforts from many nations like Spain Canada, Brazil and more importantly the USA to help the people of Cuba.

Cuba Economy needs Investment and financial access to global capital and entrepreneurial capitalists to supply funds to open Cuban contracts to be honored. Cuba has traded doctors and healthcare professionals in exchange for oil with Venezuela.  Cuba also has current joint investment ventures with Spain, Canada, Brazil, India, China, Russia and others to build out infrastructure, explore for oil in the Gulf of Mexico, improve transportation, and get needed things that are not available from the USA.

HOW DO I INVEST IN CUBA?
cuba
Cuba Beaches  (Photo credit: citronate)
 So the logical next question is "How do international investors invest directly in Cuba?
 One way is to purchase Cuban issued debt. Good Luck!  These tricky bonds can be purchased through European broker dealers. U. S. citizens are limited by USA laws as to how they can invest in Cuba however U.S. citizens can buy shares in international securities that do business with Cuba but do not receive a majority percentage of Profits of their corporate revenues from Cuban activities and operations.  Therefore an American investor can easliy and legally buy into Canada, Spain and Mexico and other companies that have corporations doing business directly with Cuba.

The Cuban investment options include a closed end investment fund, based in Miami, Florida has a portfolio of companies within the fund that the manager believes will benefit from a lifting of the US Embargo against Cuba. The prospectus of the closed end fund (NYSE symbol: CUBA) lists the companies. Many of these companies can be purchased directly by investors without any need to purchase the closed end fund itself.
Insider Cuban investors know that best kept secret investment for Cuba in the short and long term is the closed end investment fund that was listed on the Channel Island Stock Exchange, under the symbol CIEBA with a focused portfolio of investments directly inside Cuba. CEIBA Investments Ltd. www.ceibainvestments.com is currently the largest listed company exclusively dedicated to investments in Cuba with interests in Cuban commercial property and tourism real estate assets.
It is the foreign shareholder of the Cuban joint venture that owns the Miramar Trade Center in Havana and also holds interests in four hotels managed by the Spanish hotel operator Meliá. However, US persons are currently prohibited from investing in a Cuba dedicated company such as CEIBA. As for management? CIEBA Investments has also put together the most expereinced foriegn investment management team that live and work directly from Havana in Cuba to manage the day to day operations of the Cuban joint Ventures.

Any investor in the World can travel to Cuba without restrictions EXCEPT U.S. citizens. Travel to Cuba is not restricted for U.S. citizens but spending any money in Cuba is illegal over a certain daily allowance or unless you have a General or Specific License from the US Treasury Office of Foreign Assets Control.

These American regulations and restrictions against Cuba will change under the Obama Administration and soon many US citizens will be able to travel to Cuba. Additional ways US investors can legally travel to see Cuba and make Cuban contacts for business in order to find potential future opportunities is to travel with your State Governor or agricultural trade delegation to Cuba or, if you are licensed healthcare professional, you may be able to travel to Cuba with  any non profit health, information, travel or even business group.

Diversified investors may be interested in emerging markets and Cuba will emerge as a powerhouse of Silicon Island in the areas of biotechnology, energy (sugarcane, oil) and tourism. Investing in Cuba will be compared to investments in oil, gas, gold and other precious metals when they were only pennies on the dollar. Let hope we are right on this Investment in Cuba.

1/30/2012

CUBA SELLS REAL ESTATE

Cuba Real Estate For Sale In Havana
 CUBA PROPERTY FOR SALE AFTER 50 YEARS
Cuba announced Thursday it will allow real estate to be bought and sold for the first time since the early days of the revolution, the most important reform yet in a series of free-market changes under President Raul Castro.
The law, which takes effect Nov. 10, applies to citizens living in Cuba and permanent residents only, according to a red-letter headline on the front page of Thursday's Communist Party daily Granma and details published in the government's Official Gazette.
The law limits Cubans to owning one home in the city and another in the country, an effort to prevent the accumulation of large real estate holdings. It requires that all real estate transactions be made through Cuban bank accounts so that they can be better regulated, and says the transactions will be subject to bank commissions.
Sales will also be subject to an eight per cent tax on the assessed value of the property, paid equally by buyer and seller. In the case where Cubans exchange homes of equal value in a barter agreement, each side will pay four per cent of the value of their home.
"This is a very big step forward. With this action the state is granting property rights that didn't exist before," said Philip J. Peters, a Cuba analyst at the Lexington Institute in Arlington, Virginia. "If you think about it from the point of view of a Cuban family, it converts their house from a place to live into a source of wealth or a source of collateral. It's an asset that can now be made liquid."
While the Gazette was available online, few Cubans have access to the Internet and most were waiting for the booklet to go on sale at kiosks around the country. A handwritten sign posted at Havana's main distribution center Thursday advised that the law booklet was not yet on sale.
On the streets of Havana, residents said they were thrilled by the news but anxious to see the fine print.
"This is going to help me because I have some money and now I will be able to buy a better house," said Oscar Palacios Delgado, a 68-year-old office maintenance worker, adding he hoped the government would enact other changes to make it easier for Cubans to find building materials for home repairs. "This law will benefit many Cubans."
Cuban exiles will not be allowed to purchase property on the island since they are not residents. Still, they will be able to send money to help relatives buy new homes, and there was speculation some might try to buy homes themselves through frontmen, something the government would likely try to prevent.
The change follows October's legalization of buying and selling cars, though with restrictions that still make it hard for ordinary Cubans to buy new vehicles.
Castro has also allowed citizens to go into business for themselves in a number of approved jobs -- everything from party clowns to food vendors to accountants -- and has pledged to streamline the state-dominated economy by eliminating half a million government workers.
Cuba's government employs more than 80 per cent of the workers in the island's command economy, paying wages of just $20 US a month in return for free education and health care, and nearly free housing, transportation and basic foods. Castro has said repeatedly that the system is not working since taking over from his brother Fidel in 2008, but he has vowed that Cuba will remain a socialist state.
English: Fidel CASTRO in front of monument of ...
Image via Wikipedia
Cubans have long bemoaned the ban on property sales, which took effect in stages over the first years after Fidel Castro came to power in 1959. In an effort to fight absentee ownership by wealthy landlords, Fidel enacted a reform that gave title to whoever lived in a home. Most who left the island forfeited their properties to the state. Since no property market was allowed, the rules have meant that for decades Cubans could only exchange property through complicated barter arrangements, or through even murkier black-market deals where thousands of dollars change hands under the table, with no legal recourse if transactions go bad.
Some Cubans entered into sham marriages to make deed transfers easier. Others made deals to move into homes ostensibly to care for an elderly person living there, only to inherit the property when the person died.
Cubans will also now be allowed to inherit property from relatives without having to live in it first, and they will be able to take title of property of relatives or others who emigrate. Previously, such properties could be seized by the state.

http://Calls2Cuba.com
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1/24/2012

CUBA NEW BUSINESS OPEN

English: HAVANA. President Putin with Fidel Ca...
Image via Wikipedia
BUSINESS IN CUBA
HAVANA,  Cuba registered a slight increase in the number of foreign investment projects last year, the first rise since authorities began winnowing out foreign ventures they deemed ineffective or corrupt in 2003, according to a government report seen by Reuters on Monday.

The report by the Foreign Trade and Investment Ministry said the country was involved in 218 joint ventures, compared with 211 in 2008, and had 69 hotels under foreign management, up from 63 the previous year.

The increase was the first reported since 2002. After that Communist authorities began closing many of the 404 ventures and 313 cooperative production agreements then in existence, mainly with Western partners, alleging they did little for the economy and were often corrupt.

The report said there were currently just 14 cooperative production agreements, where an investor receives part of the profit or product produced, but holds no shares.

The increase in foreign investments came despite a severe financial crisis and just a year after President Raul Castro formally took over from his ailing brother Fidel Castro in 2008. But local economists said it was too early to say if the change was the result of a change in government policy.

Hurricanes, the international financial crisis, U.S. sanctions and a sluggish state-dominated economy left Cuba short billions of dollars in 2009.

Foreign Trade and Investment Minister Rodrigo Malmierca told the National Assembly in December that 46 of the investment agreements with foreign companies were abroad, many of them in Venezuela, China and Angola.

Cuba has pharmaceutical ventures in Iran, India, China, Brazil and other countries, works construction in Angola and Vietnam, operates a hotel in China, and is involved in numerous projects in Venezuela, whose President Hugo Chavez is a top ally.

Inside Cuba, Malmierca said joint ventures were predominantly with investors from Spain, Venezuela, Canada and Italy, in sectors such as tourism, oil exploration, communications and mining.

Details of many joint ventures were not disclosed, but official media reported during 2009 deals for two hotel projects with Qatar, a fishing venture and four oil exploration contracts with Russia, an electronics assembly plant with China, and a paper venture with a Spanish firm.

U.S. law -- long aimed at isolating Cuba -- bars American companies from investing on the island, though they may hold a minority stake in foreign firms with less than 50 percent of their operations in Cuba.

Since the collapse of its former benefactor, the Soviet Union, threw Cuba's economy into deep crisis in the early 1990s, Havana has allowed some foreign investment under strict government control.

Cuba opposes privatization on principle and views foreign investment as merely "complementary" to the state-run economy, with foreign investors adding technology, management skills, financing and markets. Joint ventures are with Cuban state partners that usually hold 50 percent or more shares at home and a minority stake abroad.http://Calls2Cuba.com
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11/03/2011

CUBA REAL ESTATE OPENS AFTER 50 YEARS

CUBA YES! BUY REAL ESTATE IN CUBA
Cuba Mansion In Havana

Cuba announced  to the world that it will finally allow the buying and selling of real estate. After 50 years of a frozen communist style real estate market anyone can now buy Cuban houses, codos, and real estate.  Cuban property which has been forbidden can now be freely bought and sold for the first time since the Fidel Castro Cuban revolution.

Raul Castro, left, with has his arm around sec...Image via WikipediaCuba's new Real Estate law officially starts Nov. 10 but for now its only for Cuban citizens and permanent foriegn residents. Cuban newspapers headlines screamed the long awatied news on the front page of Thursday's Granma which is Cuba's Communist Party news paper.

RAUL CASTRO SAYS YES TO REAL ESTATE MARKET

Cuba stated that this free Real estate market for all Cubans is the most important reform yet in a series of free-market ideas announced by Cuban President Raul Castro since taking over from his older brother Fidel Castro

Castro's Cuban government has placed a modest 4% tax and the rules allow for only two properties per person. One home in teh city and the other a vacation home on the beach or countryside.
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5/30/2011

CUBA SHUT FOR 50 YEARS NOW OPEN FOR TOURISM & BUSINESS

CUBA HAVANA TRAVEL GUIDES
CUBA OPEN FOR BUSINESS & AMERICAN TRAVEL
American can finally travel to Cuba after decades of Cuban embargoes thanks to American President Obama's "people-to-people" cultural trips to Cuba for anyone. The Cuba-U.S. travel restrictions that have been in place for 48 years, now Cuba travel trips will showcase culture and direct interactions with Cuban artists and citizens. Soon Americans will be able to go for an inclusive resort beach vacation even though it goes against the spirit of the regulations because it's propping up the Fidel & Raul Castro regime and doesn't benefit the Cuban people. Cuba has lots to offer than the beaches."

Cuba Travel companies and other Travel & vacation agents are awaiting licenses approvals so they can start offering trips to Cuba, Havana, Varadero and the rest of Cuba. Right now you can travel to Cuba for three, seven or eight nights. Departures are from New York, Chicago, Los Angeles and even Miami to Havana is only 30 minutes flight. One thing to remember is that Cuba is one of the worlds safest tourist destinations with very little crime. Americans can walk around the streets of Havana without fear of being robbed, raped or murdered. Cuba is Safer than any place in the USA.

The American embargo against Cuba has been in force since 1963. Up to now virtually no American could legally visit Cuba.  That was changed for Cuban Americans with family there along with religious groups or academic researchers could visit. Even people to people cultural trips were allowed briefly from 2000-03 under a Clinton administration program.  The Bush administration shut Cuba travel down completely for the next seven years. President Obama is now opening the doors to Cuba once again.

Now, the American people to Cuban people exemption has reopened.

American Cuba Travel Demand

Lets be clear. Americans have been sneaking in and out of Cuba for years through third countries like Canada and Mexico. But if you're caught, you can be fined. Over 200,000 Americans travel to Cuba illegally every year through Mexico or Canada," says Cuban Travel officials. Most American Tourists don't want to take that kind of risk. So this is an incredible opportunity to go to Cuba even though no one knows how long it will last.

Over 5 Million American tourist will travel to Cuba just based on the huge pent-up demand for the Cuban forbidden fruit and the chance to visit this a mysterious land, so close to American shores. People are excited to travel to Cuba is so close geographically and so culturally familiar so once Americans arrive it's about the intriguing and romantic and fantastic atmosphere. Its about the Cuban people and not all politics about Fidel Castro and communism.

 Cubans are a warm and gentle people. Life exists there with incredible fun, dancing, music a a true love of life. It's like going back in time to the 1950's. So much of Cuba is untouched. You go and feel like it is Cancun in 1977. It hasn't been homogenized."

Now is the time to visit Cuba this year While American tour companies get their Cuba licenses within the next month or so, you'll hear the ads beckoning you come visit Cuba the hidden paradise of the Caribbean.


http://Calls2Cuba.com




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4/01/2011

USA PRESIDENT JIMMY CARTER SPEECH ON CUBA EMBARGO


(Havana,  Cuba)—
U.S. President James Carter: First of all, allow me to express my gratitude for the opportunity to return to Cuba.

James Carter
US President Jimmy Carter Talks About Cuba
When I was President I did all I could to improve diplomatic relations between my country and Cuba. I eliminated all travel restrictions so that the Americans could travel here and Fidel Castro and I worked together to establish interest sections in Washington and Havana, which continue to allow for some kind of communication between our two countries.
I believe we should immediately eliminate the trade embargo that the United States has imposed on the people of Cuba and also allow travel without any kind of restriction from the U.S. to Cuba and vice-versa, so I think it’s important that I’ve come. On this occasion, I wanted to learn from the Cuban government’s principal officials about the coming Party Congress, which will take place mid-April and I have received information from the President of the National Assembly, President Raúl Castro and former President Comandante Fidel Castro and other leaders of the Cuban government about plans for the future.
Cuban officials are very proud of the fact that they have received good comments from the people of Cuba and many suggestions have been incorporated, as I understand, into the text which will be discussed during their Congress.
I hope that in the future this will be added to those documents and that there will be complete freedom so all Cubans can express themselves, gather and travel, according to the international human rights norms which are applied in Cuba.
In addition to meeting with President Raúl Castro for a very extensive conversation and this morning with Fidel Castro, who appears to be in good health and we welcomed each other like old friends, I met this morning with some of the groups which criticize the Cuban government and, I hope that in the future some of their complaints will be addressed by the government.
I met with about 12 prisoners who were freed on orders from
President Raúl Castro and sponsored by the Cardinal. Evidently they want to meet with others who have returned from Spain or other places. I met and talked with President Raúl Castro and I will do so again after this conference.
It is also important to me that the relations between our two countries improve.
I believe that the detention of the Cuban Five makes no sense, there have been doubts expressed in U.S. courts and by human rights organizations around the world. They have now been in prison 12 years and I hope that in the near future they will be freed to return to their homes.
I meet with two of the prisoners’ mothers and three prisoners’ wives and expressed my feelings to them, that I hope that in the future they will be freed, according to U.S. law.
Also this morning, I was able to meet with Alan Gross, a man who I think is not guilty of being a serious threat to the people or government of Cuba. He has been given a long prison sentence and I hope he will be freed soon as well.
So, there are many things that can be done between our two countries to improve relations and come to have normal relations in as many ways as possible.
I will repeat my thanks to President Raúl Castro and other Cuban officials for having allowed me to come and converse with them and I hope, for the future of Cuba, that all Cubans will be completely free and all Americans free to travel where they choose, you know that many of us cannot travel freely to Cuba and these restrictions in our country must be eliminated.
These are my initial comments and now I would be happy to answer two or here questions from the media. If there are no questions, we’re done.

Andrea Rodríguez (AP).—Sir, you mentioned that you had visited Mr. Gross. I would like to know if you have any idea when he might be released, if you, even, might be taking him home, one way or another. What possibility is there that an exchange of this person for the five agents detained in the United States. Have you received any indication from President Raúl Castro leading in this direction? Thank you.
James Carter.—I didn’t come here with the idea of arranging any swap. I think the two cases, that of Gross and that of the Five, are separate, different and shouldn’t be interrelated. I think Alan Gross should be free because he is not guilty of a serious crime and I think the five Cubans should be freed because they have already been in prison for 12 years and the original circumstances around their original trial are considered questionable, even by the judges and the U.S. judicial system. Therefore, I didn’t come with that objective.
I had a very good meeting this morning with Alan Gross, obviously he professes his innocence as he did during his trial. There will be an appeal by his lawyers to higher level courts in Cuba. I hope these higher level courts will declare him innocent of the crimes for which he is being punished , and if that isn’t the case, that then, possibly in the future, an executive order will be released conceding him a pardon or releasing him for humanitarian reasons. His daughter is very sick, he has lost other members of his family; he had lost 40 kilos of his own weight, but he appears to be in good spirits and asserts his innocence. I didn’t come with the expectation of taking him home. In fact, Cuban officials made it very clear, before I left my home, that the freedom of Alan Gross would not be granted.
Fernando González (Associated Press Television).—I understand that you did not come on an official or governmental visit but I would like to know if you plan on meeting with the Obama administration and, if you do, what will you say to him.
James Carter.—Well, before leaving I had spoken at some length with the National Security Advisor and Secretary of State Clinton about the situation that exists between our two countries. As I have always done, before any trip abroad, before leaving, I go to the White House and give a complete report about the trip to the President of the United States and the Secretary of State. This will be done within a day or two after my return to the U.S. and I will express the same opinions which I have shared with you in this conference, along with other more confidential issues which I must share in person with American officials.
Journalist.—On the basis of your talks in Washington before this trip and your talks here with President Raúl Castro, what steps do you think should be taken, what should each country do to improve relations?
James Carter.—I should like to see another step taken in current legislation to eliminate the restraints on travel for U.S. citizens; I should like all restrictions removed on the normal transfer of humanitarian funds to Cuba.
I met with a large number of ambassadors located here in Havana and United Nations representatives and they said that in the last two years it has been very difficult for them to depend on normal channels for humanitarian aid to the Cuban people, because the Americans are restricting transfers. European Union leaders, the ambassador of Brazil and others in the group have said the same thing to me. This is something that could be done immediately by the President of the United States in relation to the existing legislation.
I understand from the Foreign Minister of Cuba and also from all the ambassadors that these restrictions on the normal transfer of humanitarian funds into the banking system have been very restricting in the past two years. Since President Obama has been in his position I have shared that information with him.
I hope, in relation to other possibilities, as I have already stated, well, that Mr. Gross is released and that the five Cubans return to Cuba.
In addition to those aspects, I personally would like the Helms-Burton Act to be completely abolished. I believe it was a serious mistake when it was approved and signed by President Clinton.
Any efforts on the part of the United States to improve the lives of the Cuban people with financial aid or by other means is suspicious or illegal according to the Helms-Burton Act, because that Act, as you know, has the express objective of doing away with the Castro regime, of changing the regime. Therefore, this Act – in my opinion – is counterproductive. It didn’t exist when I was president, and I could basically do what I liked with restrictions on travel and the establishment of relations, et cetera.
These are some of the things that are evident to everyone, and Congressional leaders of Cuban origin are acting in a very counterproductive way, trying to blame or punish the Cuban regime, when in real terms they are punishing the Cuban people with their restrictions.
Journalist.—Mr. Carter, you are one of the few people, one of the few political figures who has the respect of both sides, would you accept a mediatory role between the two countries?
James Carter.—It is extremely unlikely, or possible, that both countries should solicit my services; I would be pleased to help, but I believe that that is extremely unlikely.
Journalist.—Mr. President Carter, when you were president you were not in agreement with the activities of violent exiles against Cuba. Do you have an opinion on taking Cuba off the list of terrorist countries?
James Carter.—Yes I believe that Cuba should be taken off the list of countries sponsoring terrorism. As you possibly know – I don’t know if you know – I understand that there has been very close cooperation between Cuban and American intelligence services in confronting the threats of Al Qaeda and other organizations in the Gulf region.
The only American allegations in terms of terrorism against the Cuban government are related to some of the groups in Colombia, the FARC and ETA in Spain.
When I met with the ambassadors of Spain and Colombia yesterday morning, they told me that they had absolutely no objection, that they thought that the capacity of members of ETA and FARC in Colombia to come to Cuba was something very positive for them, because it gave them an opportunity to communicate in a friendly way in Cuba with people who were causing problems in their own countries. And so the American allegations, the affirmation of terrorism, is a premise which is completely unfounded, and that is another aspect that the President of the United States could address; in other words, eliminate the statement that Cuba is sponsoring terrorism, because it is evidently untrue.
I can take one more question.
Michael Boston (BBC).—You have met with President Raúl Castro and former President Fidel Castro. You have talked about your desire to see freedom of expression, freedom of assembly, the right of Cubans to travel abroad; you have also talked about the economic changes which are to be discussed at the Congress. Have you had any indications of any political change to be discussed?
James Carter.—Not at all.
Well, I would say that both the leaders who you mentioned and the authorities are familiar with my own opinions on the freedom of travel, of assembly and of expression in Cuba – when I was here nine years ago I addressed the Cuban people on television, on radio, and my words were presented in Granma exactly as I said them, expressing these desires and these recommendations to the Cubans – they know my beliefs that there should be changes, and I repeated them in the press conference.
I am not familiar with the details or aspects of the text that is now being discussed for the Party Congress. They have told me that approximately eight million Cubans participated, giving their opinions. The Minister of Foreign Affairs told me that thousands of amendments to the original text were proposed. It is also being said that more than 65% of the paragraphs have been modified on the basis of the proposals; but I am not familiar with the details.
However, the dissident groups said this morning that many of them have abstained from expressing their concerns about personal freedoms, because they do not want to be associated with the proceedings, because they are not in agreement with its integrity.
Other groups with whom I met this morning have expressed their concern that standard international freedom must be promoted. So I am not familiar with what they are intending to do.


Thank you all very much indeed. 

Mr. James Carter
Former U.S. President Of The United States of America,


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