The Cuban government said it will allow new restaurants, bed-and-breakfasts and transportation businesses by the end of the year.
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The agreement between the Dominican Republic and China will attract two million Chinese citizens per year, which in turn would contribute US$10.0 billion to the economy.
China and Trinidad and Tobago have agreed to expand cooperation in areas such as infrastructure, construction, and finance.
The government’s decision to establish diplomatic ties with China is a positive step in the exploration of potential international markets for products manufactured in the Dominican Republic.
Amid increasing demand from international visitors, Cuba plans to increase its number of hotel and guesthouse rooms to 108,000 by 2030, opening up great opportunities for Vietnamese investors.
The Dominican Republic's government late Monday announced that it established diplomatic ties with China.