Cuba implements neighborhood markets to provide essential goods

The Cuban Ministry of Domestic Trade (Mincin) has introduced a new commercial modality known as neighborhood markets (Mercados de Barrio) to provide essential food and hygiene products to local communities. The initiative aims to offer lower prices compared to other surrounding retail options.

According to Mincin, the pricing structure is supported by fiscal incentives that reduce product costs by 10 to 15 percent, alongside a two-year exemption from lease payments. To ensure transparency, the ministry recommends that these markets display reference price boards to compare their rates with other local centers.

The program covers a specific list of goods, including rice, grains, pasta, oil, sugar, coffee, meat, eggs, dairy, and various hygiene products like soap and detergent. The initiative is open to various economic actors, including state enterprises, micro, small, and medium-sized enterprises (MSMEs), self-employed workers, and foreign investment businesses.