Under the title "Red tape, bureaucracy and ideology limiting foreign investment in Cuba", MercoPress, a South Atlantic press agency, examines Cuba's investment reform plan announced last year, which spoke positively of foreign investment, promised a review of the cumbersome approval process and stated that special economic zones, joint venture golf courses, marinas and new manufacturing projects were planned. The article reports that diplomats said that "there have been more promises than changes and many obstacles to foreign investment remain". A complaint shared by many foreign companies interested in Cuba is that Cubans insist on 51% ownership of new ventures, which companies do not want because they effectively lose control. For a comparison with other Latin American countries, see the article.
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