Cuba approves foreign investment law - official media

HAVANA, March 29 Sat Mar 29, 2014 1:06pm EDT

HAVANA, March 29 (Reuters) - Cuba's National Assembly approved a new foreign investment law on Saturday that aims to bring badly needed capital to the communist economy by offering steep tax cuts and promising a climate of investment security.

The assembly voted in a special session to approve the law, state television reported without providing a vote tally. (Reporting by Daniel Trotta)