Cuba Strengthens Business Opportunities Promotion

Havana, Nov 5 (Prensa Latina) With today’s presentation of opportunities of the Medical Services Trading Company, the industrial sector and other managerial forums, Cuba is strengthening the promotion of business potentialities at the 32th Havana International Trade Fair (FIHAV).

Since that trade fair opened on Sunday, November 2, offers by national companies have not ceased to attract foreign investment, now in a new legal framework with facilities and benefits to establish and promote mixed businesses or totally foreign capital in priority sectors for the country’s economic development.

Thursday’s agenda will also include several business rounds and meetings with representatives of Venezuela, Brazil, Argentina, Ecuador, Canada and Italy, in addition of the presentations of services in GEOCUBA and the Cuban Vessel Registration.

Dedicated this year to promote foreign investment, this FIHAV edition was a favorable stage to present the country’s Business Portfolio, including 246 proposals valued at $8.7 billion USD.

Those offers are aimed at creating productive chains, changing technological standards, import substitution, and diversification of the energy matrix.

Each project has a summary card, an estimated investment amount, a market potential to which it will be addressed, and expected results, which is a first step that should be periodically updated.

Minister for Foreign Trade and Foreign Investment, Rodrigo Malmierca, insisted in the presentation of that agenda on opportunities the Special Development Zone of Mariel, about 45 kilometers west of Havana and a privileged site to be the trade and business center of the area, is offering for foreign investment.

During the first three days of FIHAV, representatives of Portugal, Mexico, Bolivia, China, Canada and Italy, among others, have expressed confidence in Cuba’s opening to the participation of foreign capital in its economic development, and the guarantee to share the updating of the Cuban economy and use the new opportunities it offers.


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