A Cuban and American flag wave from the balcony of the Hotel Saratoga in Havana. President Barack Obama will announce July 1 that the U.S. and Cuba have reached an agreement to open embassies in Havana and Washington, a senior administration official said.
A Cuban and American flag wave from the balcony of the Hotel Saratoga in Havana. President Barack Obama will announce July 1 that the U.S. and Cuba have reached an agreement to open embassies in Havana and Washington, a senior administration official said. Ramon Espinosa AP
A Cuban and American flag wave from the balcony of the Hotel Saratoga in Havana. President Barack Obama will announce July 1 that the U.S. and Cuba have reached an agreement to open embassies in Havana and Washington, a senior administration official said. Ramon Espinosa AP

In ‘historic step,’ Obama announces full diplomatic relations with Cuba

July 01, 2015 11:19 AM

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  • Mariel Special Economic Development Zone

    Twenty-eight miles west of Havana in Mariel, one of the biggest economic development projects in Cuba history is taking shape. Cuban officials hope to attract sustainable industries, advanced manufacturing and high-tech companies to the Mariel Special Economic Development Zone. Their plans depend heavily on attracting foreign investment to the zone, which adjoins the Mariel container port. One U.S. company that wanted to locate in the zone was turned down but three other U.S. projects are in advanced negotiations.

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